eCash is custodial and rehypothecatable, so no not really.
Pretty cool improvement on custodial lightning though!
Discussion
Aren’t you still trusting a third party with Monero? I’d rather have private custodial bitcoin than a shitcoin.
If it is custodial, it is an IOU, not Bitcoin.
Those IOUs can also be printed by the mint arbitrarily and don't have to be backed by Bitcoin.
You have private unbacked IOUs. AKA shitcoins.
What 3rd party?
Idk too much about monero so I could be totally wrong but I’ve heard people talk about how it’s not decentralized. No one controls bitcoin, but people do control monero
It’s definitely decentralized
Any resources to prove this?
Any proof otherwise?
Lol nope. That’s why I said I don’t know much about it. I’ve only heard people say this.
Doesn’t have a hard cap either, right?
Monero is comparably as decentralized as Bitcoin by node count.
Monero is FOSS just like Bitcoin. It can be forked if the community doesn't like the direction. No one is being forced to buy or use Monero. At any moment if you don't like the direction it is heading you can sell it or swap for another crypto and no one can stop you. Completely voluntary free market.
Still not a single contentious hardfork in Monero because there are clear goals. Meanwhile, Bitcoin doesn't hardfork but *still* couldn't avoid userbase fear and turmoil during the blocksize wars. And they *still* had to compromise with Segwit.
But good thing both projects can exist and run their own expirements. They're not mutually exclusive either you can use both.
no
you are not