Silent Payments: A Bitcoin username? With Josibake and Ruben Somsen SLP579

Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josibake and Ruben Somsen join me to discuss some of the ins and outs of Silent Payments. We discuss: Silent Payments overview Contrast with other techniques such as BIP47  Light client support Stopping address re use Base layer privacy discussion Links: X: @josibake X: @SomsenRuben BIP: Silent Payments Tracking progress in Bitcoin Core/libsecp256k1 Informational website from sethforprivacy : Privacy-preserving static addresses for Bitcoin Sponsors: Swan.com (code LIVERA) CoinKite.com (code LIVERA) Mempool.space Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack Timestamps: (00:00) - Intro (01:01) - Overview of Silent Payments (SP) (03:15) - History of the SP idea & contrast with other methods Add more (14:36) - Current status of SP development & adoption (17:49) - Testing light clients for SP (21:50) - The Silent Payment Experience (26:31) - Light client support (31:20) - What is a light client? (38:05) - Sponsors (41:16) - Spend Key & Scan Key  (42:37) - XPUB vs. Silent Payments (44:42) - Reducing address re-use with SP (49:29) - Labeling with Silent Payments (53:14) - Ease of use and compatibility with Lightning  (57:03) - Overcoming the ‘silver bullet’ mindset (01:10:50) - Composability with Silent Payments (01:12:46) - Silent Payments summary (01:14:06) - Closing Thoughts