DNMs = Darknet Markets. Where privacy truly matters and is put to the test. Monero will soon surpass on chain Bitcoin acceptance. LN is not even available on DNMs.
Physical cash is only convenient locally. You can risk sending it thru mail but it will be slow and might be lost or stolen. You wouldn't prefer to send money to anybody you want instantly, completely privately, and without permission from banks/governments?
I want to know the reason based on protocol. As far as I know, privacy of LN is enough(Tor). It doesn't make sense yet.
I also believe that Bitcoin's privacy is sufficient with the help of CoinJoin, P2P, and LN as the chart is showing.
I'm asking why should I send money abroad. for what? How can I receive the merchandises with privacy?
Monero protocol is strong privacy by default.
Amounts hidden using "Confidential transactions"
Receiver hidden using "Stealth addresses"
Sender obfuscated using "Ring Signatures" (16 decoys)
IP obfuscated using "Dandelion++"
Example of a Monero transaction:
~6% chance Alice sent $[?] to [?]
LN privacy is not enough against any serious attacker:
https://github.com/lnbook/lnbook/blob/develop/16_security_privacy_ln.asciidoc#attacks-on-lightning
https://abytesjourney.com/lightning-privacy/
"We identified 27,183 private channels, discovered hidden balances, and showed how a passive adversary can infer payment endpoints with very high probability."
https://arxiv.org/pdf/2003.12470.pdf
Bitcoin coinjoining is obfuscation not encryption. That data and transaction graph is available to be used against you by correalating with more future data. The only reason Bitcoin is still used in DNMs is first mover advantage and wide acceptability. It is not ideal.
You don't have to use Monero I'm just explaining the facts. Use whatever you want.
https://kycnot.me/services?xmr=on
