Subnostr

Yes, sorry, L1 = Layer 1

Bitcoin has L2s (Layer 2s) that purport to fully replace Monero. But this is simply not true. Moving into L2 comes with it's own set of trade-offs.

For example - LiquidBTC, Fedimints, and Ecash all offer privacy on a layer above bitcoin (L2+), but you give up custody to gain that privacy. A critical pillar of bitcoin is self-custody. You can keep both with Monero.

Monero is not an L2 on Bitcoin. It's a completely different crypto from Bitcoin to be clear.

Ingwie Phoenix (aka. birb) 2y ago

Interesting. When I made my assumption about the L meaning layers, I had to think of the TCP/IP stack - and how I2P and Tor are overlay networks - being another layer ontop of TCP/IP. Possibly not the best analogy in this particular case - but I see now what you mean.

So much like Bitcoin, I have to first fund a Monero specific wallet. But I suppose there are services or ways to go between the two? I usually watch TechLore/NewOil's Surveilance Report on Youtube - and they do run a bumper about donations via Monero.

So say I had "some amount" in my Bitcoin wallet - would there be a way to go straight from BTC to Monero to send the guys a donation, or am I overlooking something?

Also thank you for your patience! :)

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Discussion

Saberhagen The Nameless 2y ago

Yes, the TCP/IP stack and Tor/I2P analogy for L2s is a common way people conceptualize it.

I see you are from the privacy community. I listen to Surveillance Report every so often. My journey actually went from Bitcoin -> Bitcoin privacy world -> general foss/privacy community -> Monero

Yes you can directly onramp into Monero with something like LocalMonero or Bisq

https://localmonero.co/

https://bisq.network/

...Or swap from Bitcoin or another crypto using Trocador or Unstoppable Swap

https://trocador.app/en/

https://unstoppableswap.net/

Popular mobile wallets I recommend are: Monerujo, Cake Wallet, or Stack Wallet/Duo. Currently enjoying Stack/Duo

https://stackwallet.com/

https://www.monerujo.io/

https://cakewallet.com/

All open source and all good choices.

Saberhagen The Nameless 2y ago

Drop an XMR address and I'll send you (your first?) a bit of monero