brock on Nostr: You have an npub, and you have lightning channels that are associated with your npub ...

You have an npub, and you have lightning channels that are associated with your npub (instead of channel IDs). You can make a lightning payment from your npub to another npub, and everyone can see it (unlike traditional lightning payments, which are private between the involved parties). The payment is visible to all because you inscribe minimal data on-chain about it. While this is a privacy nightmare, it's good for variability and traceability; people can track who paid whom, when, and how much using a block explorer like etherscan.io. Since payments are verifiable, you can atomically exchange your Bitcoin for non-Bitcoin assets such as stablecoins and financial derivatives on a virtual machine with a global state.