Nostr Web Client

Most of your characterizations of lightning are wrong. Typical monero shill misrepresenting lightning and burying his head over the fact monero will NEVER work at scale. Ditch the shitcoin token, build trustless 2wp, the sidechain would still have inferior ux for payments vis-a-vis lightning

Saberhagen The Nameless 2y ago

You're now pivoting from privacy to scaling. But thats ok.

Which of my criticisms about lightning is wrong? And explain why. I doubt you can. Everything said was basic facts about LN.

You're confused. Global adoption is not an obsession in Monero like it is with Bitcoin. We are not deluded enough to think everyone in the world is going to be using our coin for everyday transactions.

It's hilarious that you think Lightning is going to scale globally since it takes on chain transactions to onboard in the first place. Now, what? I'm stuck on a weaker security layer forever with my entire stack? On chain will be prohibitively unusable for all but the wealthy of bitcoiners in that future. Pray your channels aren't force closed!

Using LN sovereignly is a UX nightmare, not beginner friendly at all, but you simultaneously want every average joe in the world to use it. The outcome is they won't use it soveriegnly. And everyone will use it in a custodial panopticon form just like they do today. Even w/ nostr zaps where people should know better. ~90% use LN custodially (WoS, Chivo, Alby, Bitcoin beach). Remainder use Phoenix (not trustless or private). The truly masochistic run their own nodes.

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Bitcoin or Slavery 2y ago 💬 1

You're sharing a screenshot from a consensys shill who can't transact if infura goes down?

Lightning is 1000x more scalable than any shitcoin chain and has potential to scale another 1000x. Look into covenants, hierarchical channels, multiparty channels, multipath payments, route blinding... your understanding of lightning is outdated by at least 4 years. The fact that there's no reliable source of public data for lightning is proof enough of lightning privacy, which continues to evolve. IRS has a $650k bounty to crack lightning privacy.

Bitcoin or Slavery 2y ago 💬 5

Alby is not necessarily custodial. That's how little you understand

Bitcoin or Slavery 2y ago

Monero is not about scaling for everyone?

So who should have privacy and who shouldn't?

Saberhagen The Nameless 2y ago

Monero can support roughly 100x more transactions on current protocol with no more upgrades without straining current tech limits. It already cut down transaction size by ~80% since inception. It's scalability will keep improving over time and consumer tech is always getting better.

Monero is for anyone, not necessarily everyone. If you think the masses are going to want to live in a state of cryptoanarchy I think it sounds pretty copium... But anyone that wants is free to use Monero it is open and permissionless.