Doing that already π Still, having followed the debates around Samourai vs. Wasabi for a while, Iβm still not sure I can gain sufficient privacy/anonymity with my on-chain transactions. The ordinals case has also shown that high fees can be an obstacle for frequent transactions, also LN ones.
Discussion
What are you trying to do? Buy shit over at Silk Road? π
Do I have to buy shit on silk road to be concerned about my privacy?
No. Thatβs why I asked you what are you trying to do. If you donβt buy and sell your BTC at a KYC exchange. No one will know who you are.
Plus I think those guy who do buy shit on silk road are using monero π€·π»ββοΈ
And this is the point, with high fees even LN is not viable for many technical reasons, at least for micro payments.
In fact the ideal way in a high fees environment would be to use LN over Liquid.
Right now many people are paying over $200 for forced channel closure on LN.
I'm not using Liquid because I like it, I'm using Liquid out of necessity.
This would indeed useful, although I see how many people react allergically to federated stuff like liquid, which I partially understand.
But if so, why has nobody created a decentralized bitcoin side-chain yet?
Simply because it is not possible right now, we do not know the way.
Bitcoin is not scalable and for it to be scalable it would have to lose its decentralized essence, hence the layer 2 solutions that lose Bitcoin properties in favor of being more scalable and private.
You simply have to understand the layered protocol and operate as such, your savings in Bitcoin, your daily balance in LN, Liquid would be an intermediate layer between Bitcoin and LN that you can use in situations like the current one or to lose track of your btc.