Monero is another coin, not bitcoin. It is not needed. In bitcoin we have lightning network which covers use case of monero
Discussion
It is clearly not needed by you nor by me. Is this enough to deem it shitcoin? This logic doesn’t make sense.
Not needed by bitcoiners => shitcoin
Yeah that privilege. Same logic can apply to bitcoin. It is not needed by fiat elites = shitcoin. It is not needed by gold bugs = shitcoin. I am a bitcoiner because I have logical reasons not privilege.
Lightning is in no way a replacement for Monero.
Lightning is not final settlement until it's on chain. Fully interactive. If you are not running a LN node 24/7 or trusting someone else to do it, rug potential is always there.
Most transactions route thru large centralized nodes.
But more importantly, it is not private, particularly reciever privacy sucks. Stop lying to people.
https://github.com/lnbook/lnbook/blob/develop/16_security_privacy_ln.asciidoc#attacks-on-lightning
Monero transactions are also not final, until money is transferred to bitcoin, at least in the form of lightning 😜
Not to be online 24/7 you can increase penalty timeouts in your channels to say 2 weeks and appear online once in 2 weeks.
To improve receiver privacy, you can receive through an intermediate node (there are even protocols doing this automatically).
Large routing nodes are not an issue, because anyone can run routing node himself.
Stop lying to people making a case for a shitcoin from supposed disadvantages of lightning ⚡