Stealth addresses using nostr

The discussion revolves around the skepticism regarding a wallet that primarily utilizes the nostr platform for storing critical data without ensuring a reliable fallback mechanism. It's highlighted that reliance on nostr doesn't necessitate a nostr-based wallet specifically but necessitates incorporating some relays in the settings coupled with a library versatile enough for various applications. The Electrum wallet, for instance, leverages this setup for facilitating submarine swaps, a practice detailed through a provided link.

There is an expression of unfamiliarity and curiosity regarding the adoption of NIP-17, especially given its potential application for Stealth Addresses which could inadvertently lead to a form of metadata leakage. Despite these uncertainties, the author mentions their use of NIP-17 in the amethyst project, where it has effectively addressed metadata leak issues. Additionally, Whitenoise's implementation of NIP-EE or MLS is brought into discussion, suggesting it as a potentially interesting avenue for exploration with further information accessible via a link.

Finally, the conversation shifts towards practical application, revealing intentions to develop an Electrum plugin designed to test this concept in conjunction with a bitcoin wallet. This endeavor aims to introduce "color addresses," which propose using colors as Human Readable Parts (HRP) instead of the conventional 'npub', offering a novel approach to address representation. A link is supplied to provide more insight into this innovative idea (link). This summary encapsulates a discourse exploring the integration of new standards and technologies in cryptocurrency wallets, highlighting both theoretical considerations and practical implementations aimed at enhancing privacy and functionality.