Super Testnet on Nostr: I assume you're asking about *my* coinpool idea specifically And I don't think I am a ...
I assume you're asking about *my* coinpool idea specifically
And I don't think I am a very good judge of my ideas, because I think they're all neat
that said, I am happy to give you my probably-bad judgement
I think it's a 1 in terms of "this is how bitcoin will be used in the future by large numbers of people." To get into a coinpool (as I've designed it), you have to (1) schedule a signing ceremony (2) invite 10 or so people to join it with you (3) get them all online at the same time (4) convince them to pay for their share of a mining fee (unless you decide to pay for it for them). I plan to make software for doing this, but I doubt many people will want to. Coordinating people on the internet to do something together is like herding cats, and I don't think it's realistic, which means it's not realistic to expect lots of people to get into a coinpool with my software.
However, I think it's an 8 for the specific use case of demoing bitcoin's power to new people. I want to make a "bitcoin demo" app where you create a bunch of coinpool wallets on your own and store the wallet data. When you want to demo how cool bitcoin is to someone, you whip out your demo app, pull up one of the wallets, and have them scan an "export" qr code.
Boom, the wallet transfers out of your device and onto theirs. Then you can do a typical bitcoin demo: send them $5 worth of bitcoin and have them send it back. The coinpool wallet was created weeks ago so its channel is already confirmed, so there's no onboarding fee to pay, no waiting for confirmations, no signing ceremony to wait for -- it's pure bitcoin goodness. The demo is short, fun, and works reliably, and whoever you showed it to can go on their way without worrying about losing any money, because there's no money in the wallet -- there was only a few bucks in there for a few seconds. But if they *want* to keep using bitcoin, they can.
The sad thing -- and I don't think coinpools change this -- is that most people will probably never do anything else with the wallet. They might think the demo is cool, but a cool demo is almost never enough to convince someone to be a bitcoiner. Most people who download a bitcoin wallet never use it again after their first transaction, and I don't expect that to change.
But still, demos are cool because they show people why you like bitcoin. I like doing "bitcoin demos" and so do my friends, but there are problems with bitcoin demos: if you do it on the base layer, it's slow and you have to explain about confirmations and block times; it's also sometimes expensive; if you do it on lightning, there's a setup fee that's often expensive, and the transactions often get stuck.
Coinpools offer a way to fix all of that and make bitcoin demos more impressive. But they have a setup procedure that requires scheduling people to get together online and pay some money, and I don't think most people will want to do that. So the only realistic way I see bitcoiners doing it is to make a bunch of wallets in advance and then hand them out. And that's what I want to build.
And I don't think I am a very good judge of my ideas, because I think they're all neat
that said, I am happy to give you my probably-bad judgement
I think it's a 1 in terms of "this is how bitcoin will be used in the future by large numbers of people." To get into a coinpool (as I've designed it), you have to (1) schedule a signing ceremony (2) invite 10 or so people to join it with you (3) get them all online at the same time (4) convince them to pay for their share of a mining fee (unless you decide to pay for it for them). I plan to make software for doing this, but I doubt many people will want to. Coordinating people on the internet to do something together is like herding cats, and I don't think it's realistic, which means it's not realistic to expect lots of people to get into a coinpool with my software.
However, I think it's an 8 for the specific use case of demoing bitcoin's power to new people. I want to make a "bitcoin demo" app where you create a bunch of coinpool wallets on your own and store the wallet data. When you want to demo how cool bitcoin is to someone, you whip out your demo app, pull up one of the wallets, and have them scan an "export" qr code.
Boom, the wallet transfers out of your device and onto theirs. Then you can do a typical bitcoin demo: send them $5 worth of bitcoin and have them send it back. The coinpool wallet was created weeks ago so its channel is already confirmed, so there's no onboarding fee to pay, no waiting for confirmations, no signing ceremony to wait for -- it's pure bitcoin goodness. The demo is short, fun, and works reliably, and whoever you showed it to can go on their way without worrying about losing any money, because there's no money in the wallet -- there was only a few bucks in there for a few seconds. But if they *want* to keep using bitcoin, they can.
The sad thing -- and I don't think coinpools change this -- is that most people will probably never do anything else with the wallet. They might think the demo is cool, but a cool demo is almost never enough to convince someone to be a bitcoiner. Most people who download a bitcoin wallet never use it again after their first transaction, and I don't expect that to change.
But still, demos are cool because they show people why you like bitcoin. I like doing "bitcoin demos" and so do my friends, but there are problems with bitcoin demos: if you do it on the base layer, it's slow and you have to explain about confirmations and block times; it's also sometimes expensive; if you do it on lightning, there's a setup fee that's often expensive, and the transactions often get stuck.
Coinpools offer a way to fix all of that and make bitcoin demos more impressive. But they have a setup procedure that requires scheduling people to get together online and pay some money, and I don't think most people will want to do that. So the only realistic way I see bitcoiners doing it is to make a bunch of wallets in advance and then hand them out. And that's what I want to build.