Why do you always fail to mention that most people aren't using Lightning that way thanks to it's horrid UX?
90% are using custodians/LSPs that can see everything they do. And potentially rogue employees, hackers, and governments. Data leaks for centralized databases happen constantly I'm sure you know this.
Also, yes please watch the video:
"I'm going to explain why I think Monero is super cool. It really is the frontline of the arms race between cryptographers and investigators like us...Monero has an incredible developer team they are always looking for weaknesses in their privacy protocols, and so they're really proactive in making their protocol the most secure and private that it can be. So theres just really interesting things happning here cryptographically and so that means we also have to do interesting things to *try* and track it."
"I'm not feeling super confident about this"
"It appears"
"We believe"
"If you are a privacy advocate, then Monero is really objectively better than Bitcoin"
"At a certain, randomly selected point, a node will choose to start spreading a tx all around in the network. So if you are receiving it at that later stage, you have no idea whether that IP address you're receiving it from is the same IP address that it came from and in fact, it is very likely that it is not. The initiator's IP address is essentially invisible to you. [...] A lot of how we do our monero tracing involves IP observation of services. [...] Dandelion has made that impossible."
They basically only managed to trace this person because of the combination of connecting to a chainalaysis node to broadcast their transactions, coordinated with exchanges, and didn't hide their IP address.
Who would've thought one could be so careless and have this happen to them? It's a real head scratcher 🤔🤷♂️
> Why do you always fail to mention that most people aren't using Lightning that way thanks to it's horrid UX?
Because it's irrelevant
Saying "Lightning isn't more private than monero because most people don't use lightning's privacy features" is just as irrelevant as saying "Monero isn't more private than bitcoin because most people don't use monero at all"
sorry
defaults matter.
and those two statements are NOT equivalent.
one says that UX hurdles prevent users from achieving privacy. which can be true for any tool and is a big problem for noncustodial LN.
the second statement is just some bullshit you made up.
Exactly. Look no further than Signal vs PGP for the importance of UX and defaults.
hes got this unfortunate habit of reinterpreting what was said to him,
and arguing that rather than what was actually said.
ie
you didn't say "LN isnt more private than monero because most people dont use its privacy features"
saying most people *dont actually use it in a private way*
is different than
"it isn't private"
but understandably he doesn't want to own up to the shitty UX and hassle of using LN privately.
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Saying Lightning is super private is irrelevant if no one uses it that way in the real world because of it's bad sovereign UX.
>"Lightning isn't more private than monero because most people don't use lightning's privacy features"
I'm not saying that though.
I'm saying the average user is way better off using Monero than Lightning for their privacy because they're not going to deal with the 237 hoops you do to use it privately. They're going to download Wallet of Satoshi.
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What are the risks of using an LSP exactly?
Vast majority are custodial.
LSPs users are pretty minor in comparison but carry similar issues (minus ability to get rugged)
Your transactions can be censored and privacy implications.
https://phoenix.acinq.co/privacy
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