both of those solutions are centralized and custodial. ok well, Liquid isn't custodial, you just need permission to peg out.

bitcoiners don't wabt to acknowledge this becasue their bags depend on compromising 1st principles for the sake of NGU.

Reply to this note

Please Login to reply.

Discussion

You don't need permission to swap out via Lightning.

And using Monero requires either losing wealth or some sort of exchange cost, so if neither monero nor cashu are good places to store money, why not use the cheaper swap to make private payments? Cashu being custodial isn't any more risky than trying to exchnage btc for xmr. And like I said, better L2/L3 tech is coming.

Atomic swaps are a thing. So no there is no risk.

And its nice to theorize about how great ecash will be when its not battle-tested.

As it stands, you have to immediately swap out to you own mint or to LN becasue we cant trust the mints.

All of your "solutions" have considerably more friction that just having a stack of monero you use for private payments.

I guess you aren't aware of https://app.mutinywallet.com/

You need to make an coherent argument for a solution.

Are you trying to make a case for Mutiny being private LN payments?

Are you saying enuts is not custodial?

Do you know the point you are trying to make?

Mutiny allows you to use fedimints.

It doesn't matter if a small amount of spending comes with some custodial risk if you gain privacy in the process.

But clearly the increasing optionality on bitcoin is never going to pump your bags so you are going to be opposed to all of it. Good luck with that.

Tell Jeff to use PayPal instead better solution than your liquid