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47 lines
2.5 KiB
Markdown
47 lines
2.5 KiB
Markdown
## RoboSats - Buy and sell Satoshis Privately.
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[](https://github.com/Reckless-Satoshi/robosats/releases)
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[](https://github.com/Reckless-Satoshi/robosats/blob/main/LICENSE)
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[](https://t.me/robosats)
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RoboSats is a simple and private way to exchange bitcoin for national currencies. Robosats simplifies the peer-to-peer user experience and uses lightning hold invoices to minimize custody and trust requirements. The deterministically generated avatars help users stick to best privacy practices.
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## Try it out
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**Bitcoin mainnet:**
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- Tor: robosats6tkf3eva7x2voqso3a5wcorsnw34jveyxfqi2fu7oyheasid.onion (Coming soon)
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- Url: robosats.com (Coming soon)
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- Version: v0.0.0 (Last stable)
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**Bitcoin testnet:**
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- Tor: robotestagw3dcxmd66r4rgksb4nmmr43fh77bzn2ia2eucduyeafnyd.onion (Active - On Dev Node)
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- Url: testnet.robosats.com (Coming soon)
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- Commit height: Latest commit.
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*Always use [Tor Browser](https://www.torproject.org/download/) and .onion for best anonymity.*
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## How it works
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Alice wants to buy satoshis privately:
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1. Alice generates an avatar (AdequateAlice01) using her private random token.
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2. Alice stores safely the token in case she needs to recover AdequateAlice01 in the future.
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3. Alice makes a new order and locks a small hold invoice to publish it (maker bond).
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4. Bob wants to sell satoshis, sees Alice's order in the book and takes it.
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5. Bob scans a small hold invoice as his taker bond. The contract is final.
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6. Bob posts the traded satoshis with a hold invoice. While Alice submits her payout invoice.
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7. On a private chat, Bob tells Alice how to send him fiat.
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8. Alice pays Bob, then they confirm the fiat has been sent and received.
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9. Bob's trade hold invoice is charged and the satoshis are sent to Alice.
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10. Bob and Alice's bonds return automatically, since they complied by the rules.
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11. The bonds would be charged (lost) in case of unilateral cancellation or cheating (lost dispute).
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## Contribute to the Robotic Satoshis Open Source Project
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See [CONTRIBUTING.md](CONTRIBUTING.md)
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## Original idea
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The concept of a simple custody-minimized lightning exchange using hold invoices is heavily inspired in [P2PLNBOT](https://github.com/grunch/p2plnbot) by @grunch
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## License
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The Robotic Satoshis Open Source Project is released under the terms of the AGPL3.0 license. See [LICENSE](LICENSE) for more details.
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