Ecash enables best-in-class privacy for custodial Bitcoin.
Discussion
Monero people: nooooo it's custodial!!!
Calle: impressive reading skills!
What provides best in class privacy for non-custodial bitcoin? Genuinely asking
Bitcoin doesn't have great privacy. You can do a hundred things to improve your own privacy but there will be a thousand things along the way that you can do wrong.
The easiest thing anyone can do to improve their own Bitcoin privacy is to use a non-custodial Lightning wallet like nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 or nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg.
A thousand caveats apply.
Or I can save myself the fees and just use Monero.
use monero has actually more fees because if you want hold bitcoin that is the only scarce digital asset that have sense to exist and to hold you need to:
1) swap bitcoin to monero
2) use monero (low fees)
3) swap monero to bitcoin when you exceed the amount you are willing to loose in a monero wallet
This pattern is like what you do when you use ligthning but the fees are lower because swapping cross chain is more costly and problematic than open a channel.
Also with lightning you have real bitcoin (even if in a "more risky situation" compared to onchain) and so you dont suffer price depreciation of the shitcoin.
Everything has pros and cons. Let's just leave it at that.
I'm tired of explaining privacy when pilling. People say it males them "feel like" a criminal, when privacy, is just built into Monero.
the moneroes are the worst for thinking they know lightning when i seriously doubt they even understand that it uses client side onion routing of typically 5-10 hops, and assuming you get the invoice over tor it is better than monero because it's instant and no less private
Monero is NOT a replacement for Bitcoin, but rather a complement.
this pattern is actually still better than LN and swapping cross chain is less costly and less problematic than opening a LN channel actually because one side may need inbound liquidity to receive, the sender needs to find a route for the payment, so channels need to be well thought of with good connections, while on XMR the receiver just needs an address and gets payments for free.
swapping cross chain is so costly or custodial (and still costly).
Also on xmr you need to count the btc fees because if you stay with your resources on xmr you will pay your shitcoinism trending to zero.
You can swap with atomic swaps and you just pay mining fees and retain custody, and you don't need your resources to be on XMR, it is fungible money, as soon as you receive you can spend it and have the resources you need paid by interchangeable money. No traces and no identity, just usable digital cash.
Atomic swap requires more movement onchain than a single tx, and so more fees, and most coordinators take theirs fees for maintaining up the service.
Using Silent Payments for on-ramps and off-ramps to L2s would be a massive improvement alone. Such a simple solution
Coinjoin with Wasabi Wallet or BTCPay Server: https://mempool.space/tx/fc13786aa9a350d06e7f63c69e7989917981c689f284a7eba3130cde958e23bb