P2P Bitcoin Transaction

[RufusJules]

Hi guys, I need your feedback. We're developing a product. Sending, receiving Bitcoin internationally, getting paid in Bitcoin is always FREE, instant, and secure. It's different from Lightning Network because it's very simple to use it. The receiver's email and the app are enough to send Bitcoin.

Lightning Network is a fully decentralized Layer 2 solution for instant payments. In its current form, LN suffers from major shortcomings like payment routing problems (especially payments >$5), channel liquidity, the need to maintain a full node and stay online 24/7, and a very hard & technical onboarding process. Our technology makes a trade-off in terms of centralizing parts of Layer 2 in favor of super easy onboarding, overall usability, 100% reliable payments routing and a truly fee-less experience.  
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• What do you think about that?
• Would you use it? If you don't, can you explain why?
• What features would encourage you to use this service?

                  

[Synvc]

sounds interesting, and how do you mean free bitcoin? is that the fee you mean?

[RufusJules]

sounds interesting, and how do you mean free bitcoin? is that the fee you mean?

Yes as you know there are mining and transaction fees. The sender won't pay any fee. Here's how we do it free

(1) aggregate and spend only completely consumed UTXOs, therefore saving up one output per payment attempt, per user (i.e. do not ever create and send to change addresses)
(2) aggregate payments to same addresses together (i.e. SIGHASH_NONE|SIGHASH_ANYONECANPAY and SIGHASH_SINGLE|SIGHASH_ANYONECANPAY makes it possible to modify outputs)
(3) aggregated transactions will be relatively big (over tens of inputs and outputs) and even though the satoshi per byte unit price is slightly lower compared to the other pending transactions, the higher mining fee alone will be attractive for adding that single aggregated transaction to the blockchain

[Synvc]

sounds interesting, and how do you mean free bitcoin? is that the fee you mean?

Yes as you know there are mining and transaction fees. The sender won't pay any fee. Here's how we do it free

(1) aggregate and spend only completely consumed UTXOs, therefore saving up one output per payment attempt, per user (i.e. do not ever create and send to change addresses)
(2) aggregate payments to same addresses together (i.e. SIGHASH_NONE|SIGHASH_ANYONECANPAY and SIGHASH_SINGLE|SIGHASH_ANYONECANPAY makes it possible to modify outputs)
(3) aggregated transactions will be relatively big (over tens of inputs and outputs) and even though the satoshi per byte unit price is slightly lower compared to the other pending transactions, the higher mining fee alone will be attractive for adding that single aggregated transaction to the blockchain

interesting, when will you run this project?

[RufusJules]

sounds interesting, and how do you mean free bitcoin? is that the fee you mean?

Yes as you know there are mining and transaction fees. The sender won't pay any fee. Here's how we do it free

(1) aggregate and spend only completely consumed UTXOs, therefore saving up one output per payment attempt, per user (i.e. do not ever create and send to change addresses)
(2) aggregate payments to same addresses together (i.e. SIGHASH_NONE|SIGHASH_ANYONECANPAY and SIGHASH_SINGLE|SIGHASH_ANYONECANPAY makes it possible to modify outputs)
(3) aggregated transactions will be relatively big (over tens of inputs and outputs) and even though the satoshi per byte unit price is slightly lower compared to the other pending transactions, the higher mining fee alone will be attractive for adding that single aggregated transaction to the blockchain

interesting, when will you run this project?

We've already started. Now, we're at the BETA stage.

[RufusJules]

UPDATE: The app is in the App Store and Google Play. You can take a look if you're interested.

https://www.arf.one/