Nostr Web Client

The latest trend among bitcoineirs is asking monerobros how many transactions happen on LN or "give me a LN transaction", the issue there is of course no one can tell if there is a script kid sending millions of LN payments back and forth to itself, making this a useless debate that does not measure any meaningful economic activity, nor its privacy.

What you can do on the other hand, is actually provide them real world data of real economic activity, which we do have, like shopinbit's latest volume data:

https://x.com/shopinbit/status/1889584085057896498

You can easily see that Monero :default: takes the lead on January 2025 at 56.3% of their volume of payments, while LN ⚡ does a mere 0.4%. That's a really low tx count for real economic activity, plus a really low anon set and not much privacy if you think those users either use custodial wallets or are connected to a large LSP, or even if doing LN perfectly, they are still a small crowd.

Next time a bitcoiner challenges you, challenge them to create a real world business, take LN and Monero as payment, and tell us how it goes! We already have the data, now it's their turn to complete the challenge.

If you want to try a Monero-based nostr client, check out nostr:npub1m0std0zlg4d9gldykfjys342lz85ve2rvpqnpk86vcnzts02m68sl502vt and if you want to get some XMR KYC free, I recommend robosats or retoswap. And share this with a bitcoiner friend

somana 11mo ago

I am not against monero but this statement has it flaws. They talked about volume (dollar valued) instead of transactions. Which means people who has Moreno is more open to give away their coins rather than bitcoin owners.

Yes, we could argue that Moreno incentive to spend more (last year have been more stable than bitcoin). So it could be more easy to use it as MoE. Same happens with fiat vs cryptocurrencies (in general). As the same happens with people from Argentina/Venezuela who spend more their national currencies than the dollar they hold.

https://x.com/shopinbit/status/1889593410149032334?s=46

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Discussion

rafael_xmr 11mo ago

I don't see it as a "give away your coins" or "pick what's better to use and throw it away" like fiat, since the users in those markets are given the option of paying in any other crypto, they could be using Litecoin which is even in most mainstream exchanges and has easier access for all, and it also has "mweb" as a privacy feature, they could be using USDT on the Tron network, which is also common in those places like Argentina, so the question becomes: where is everyone getting their Monero from? and why using it exclusively?

But again if this is good or bad is indeed a different debate this is mostly because I've seen bitcoiners say LN is private because you can't tell how many payments are happening, and real world usage data show exactly that: how much it is being used for real world commerce, where money actually is worth and traded instead of being used for micro-cent tipping or sending back to yourself back and forth for no purpose

somana 11mo ago

About LN against L1 BTC:

I run an e-commerce that accept both ways and yes, at least for us, L1 BTC still the most common option for payments. LN have been used only for small buys (if fees are high).