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Replying to Avatar sommerfeld

If the swaps are liquid enough, I predict monero will become a de facto L2 for each passing day.

It also opens another way to acquire non-kyc sats: first acquire monero using LocalMonero (lower fees) until you accumulate enough to justify paying bitcoin on-chain fees when doing an atomic swap-in.

The future is bright.

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mister_monster 1y ago

I think this is a bit optimistic for Bitcoin. There is no justification for the on chain fees and they'll only get worse. Something can only be used to store value if it can also be used to transfer value. At some point someone saving up $10k worth of Monero will ask why even swap to Bitcoin in the first place.

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sommerfeld 1y ago

Because bitcoin is and will probably will always be the best SoV

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