IMPULSE: Instant Payments using the Bitcoin protocol [combined summary]



Individual post summaries: Click here to read the original discussion on the bitcoin-dev mailing list

Published on: 2015-01-22T16:36:31+00:00


Summary:

On January 17th, 2015, Rune Kjær Svendsen shared a message expressing his concern about the lack of discussion around privacy-hostile products. He included a link to a product called Impulse, which he found on Reddit, and attached a PDF file for further information. Svendsen asked for thoughts from the community, but received no response, suggesting a reluctance to discuss privacy concerns.In an effort to promote online privacy, Svendsen also shared a YouTube video providing instructions on email encryption. The conversation then shifted to the security of user experience in the future, with discussions about payment facilitators and the potential for increased security. Tom Harding questioned if success could be defined by the appearance of "BitPay Payment Channels Accepted Here" signs in shop windows, highlighting the need for wider adoption of Bitcoin.The PDF document shared by Svendsen was titled 'Impulse - A Proposal for Reduced Bitcoin Transaction Fees and Instant Confirmations'. It outlined a proposal to improve transaction fees and confirmations by creating a network of payment channels that can route transactions between parties without the need for confirmation on the blockchain. This would allow for fast and cheap transactions while still maintaining the security of the blockchain.The purpose of impulse.is, a website shared by a Reddit user named /runeks, remains unclear. Along with the link, /runeks also shared a PDF file available on the same website - impulse.is/impulse.pdf. While it is speculated that impulse.is may be related to technology or software development, without further information, its exact nature and impact are unknown.Overall, the discussions and resources shared raise important questions about privacy, security, and the future of Bitcoin. The proposal for reduced transaction fees and instant confirmations through payment channels has the potential to address key issues facing Bitcoin. However, more information is needed to fully understand the implications of impulse.is and its associated PDF file.


Updated on: 2023-08-01T11:07:15.382698+00:00