First part is true, but it depends what you mean. It scales worse in the sense that it requires more resources to run a node the more it grows. It scales better in the sense that it can accomodate more transactions than Bitcoin, where Bitcoin is already near it's limit. We saw that earlier this year.

The fee part is just false. Because of dynamic blocks the more transactions there are the more fees miners get in total, but the cheaper fees get per transaction.

Reply to this note

Please Login to reply.

Discussion

That might be technically true but the reality is that monero blocks are essentially empty.

Yep, which is why I don't understand if Monero has "essentially empy" blocks why you then turn around and sometimes promote Liquid and Ecash which has orders or magnitude less use

I can easily explain that - it's because liquid and Ecash provide similar benefits for payments while still being denominated in Bitcoin and not a shitcoin. Hence the "build privacy on top of Bitcoin" position I always take.

For all the talk you guys do about how every merchant loves monero your mempool is dead lmao.

If you recommend Liquid you obviously don't care about dead mempools lmao

Here is my original note which started this conversation. If you think my point boils down to "empty mempools bad" you are having trouble understanding.

My point was just that Monero scales worse then Bitcoin on L1 and has almost no fees because it has very few users. Yes, blocks are dynamic, but it doesn't matter if you have 12 transactions per block.

Liquid is not a shitcoin network, it is a Bitcoin denominated sidechain with different tradeoffs. So the network effects and economics of Bitcoin apply to it. It is just a tool, not a currency itself. Monero is a shitcoin with a floating exchange rate so it gets harsher treatment.

nostr:nevent1qqsgxpt30rmg8fnxxk3duss5gu64jhpsvy5at39c25zyu0pr8wajadcppemhxue69uhkummn9ekx7mp0qgstjdsvmqytynktl5p4wheavda3uck2nl4yzkkx0dk9ky00zheg6psrqsqqqqqp6cm65a

Ok, I still don't agree that Liquid benefits from Bitcoins network effects despite being Bitcoin denominated. We can see in it's transactions volume and lack of merchant adoption. In practice it's a different network.

And almost no merchant accepts Liquid or Ecash. Monero is massive in comparison to both.