Nostr Web Client

Pleb 1: "I can't afford tx fees for my low-value gradual stacking & day to day transactions. Should I leave it on the exchange, use a custodial lightning wallet, cashu, or use liquid?"

Pleb 2: "None of those."

Pleb 1: "Ok cool, what should I do then?"

Pleb 2:

I'll be stoked when there are superior options, but for the time being, this is what we have. Choose the tradeoffs that work for you, aim to get on-chain when economically feasible. If someone gives you a hard time, ask them if they have a better solution that currently exists.

Kimico 2y ago 💬 3

There are other projects that provide the same functionality as bitcoin and that i think have not lost their foundations or principles. One of them is litecoin :) you can withdraw the value of the cex using this method. There are risks of devaluation

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Discussion

BTC Sessions 2y ago

Litecoin will have the same issues with the same amount of usage. Scaling at the base layer does not allow for the orders of magnitude we need. If it was all on-chain then centralization of nodes occurs, effectively making user-level enforcement of consensus rules impossible.

I also think the "silver to bitcoin's gold" idea is silly.

Kimico 2y ago

From what I understand, scrypt is "more resistant" to miners than btc because it "needs memory, or more memory." Of course, it will suffer from the same problems, as it(LTC) is more agile and quickly adapts to new conditions, "and features" doubling the cost of the attack.

In addition, it is possible to swap between BTC and LTC without resorting to third parties.

I'm not saying switch, I'm saying "consider"