Forgot to add that the last two can also fail to route, don't have static/offline addresses, and the LSP can inadvertently get you rugged if they drop the ball
Cheers!
Discussion
I agree with this but look the lighting network is really new and will improve with time e caju is here and the things will become better
Ok, maybe so, we'll see what happens, but in the meanwhile users might need the combination of these properties *today* and Monero is the only thing that offers them at the moment.
Ecash is great privacy, really the only real contender as far as privacy goes, but it is custodial and mints can covertly print tokens unbacked by the base asset (Bitcoin). Not censorship resistant or permissionless en masse: if the mint disappears, or simply refuses to exchange or redeem any tokens, your eCash instantly becomes useless.
I think Monero was a good test for privacity ideas that will be implement in the Lighting with time
listen, I first used bitcoin in 2012. my first wallet was bitcoin-qt and my second wallet was multibit HD. I have been hearing this for years and years. bitcoin will implement all the wonderful things that alts have done and make them all obsolete. except it never happens. the only example I can think of is groestl being brave enough to try out segwit before bitcoin, and that's not really even a good example. what I have seen is the bitcoin developers have a terminal case of not-invented-here syndrome. bitcoin has a sidechain with permissionless validation and full smart contract capability RIGHT NOW and nobody will even talk about it because it's similar to ethereum, and we just can't have that. half life 3 will come out before any bitcoin developers give us anything that is as good as monero.
the L2 is here for this for do things that don't need be part of L1
This is just a narrative
There is no general technical reason that you *need* an L2 unless you are limiting yourself to old tech and need it to scale immediately
Even Bitcoin L1 has potential to scale over time. It all heavily depends on rate of adoption, consumer tech advances, and protocol scalability improvements. Think of increase in bandwidth and hard drive size in only a decade and decreasing cost.
If you still don't think so, here are only two examples of L1 tech that can easily scale *today*: MimbleWimble (LitecoinMWEB, Grin, Beam) and DAGs (Nano)