support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 112 BLOCK: 809610 PRICE: 3813 sats per dollar TOPICS: using HSMs to reduce lightning hot wallet risk

project website: https://vls.tech (https://vls.tech)

nostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) nostr account: ⁠https://primal.net/odell⁠ (https://primal.net/odell⁠) youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/ (https://www.fountain.fm/)

(00:00:30) Introduction to Citadel Dispatch and the topic of improving the security of Lightning Nodes (00:01:25) Background of Ken and his experience in Bitcoin and custody (00:09:52) Discussion on the hot wallet risk issue in Lightning Nodes and the need for additional signing mechanisms (00:14:36) Explanation of HSMDs (Hardware Security Module Daemons) and their role in securing hot wallets (00:20:08) Discussion on the vulnerabilities in Lightning Nodes and the need for improved security (00:28:07) Exploration of different use cases for VLS, including enterprise, consumer, and small retailer applications (00:39:46) Importance of open source and decentralization in the development of VLS (00:42:46) Status update on the progress of VLS and its collaboration with other projects (00:46:09) LND’s signing abstraction and adaptation challenges (00:46:37) Effort to connect LND to VLS (00:47:06) Node integration and additional information (00:47:50) Adding hints to wallet addresses (00:49:03) Critical messages for VLS (00:49:31) Buy-in from maintainers of implementations (00:50:09) Anticipating a killer app for Lightning (00:52:50) Preparing for scaling and security issues (00:56:48) The vision of a plug-and-play Lightning node (01:00:38) Value for value and micro paywalls (01:04:30) Use cases for Nostr (01:09:53) Contributors and contact information