The issues with monero are size of chain (can’t scale and remain decentralized), low liquidity and not a lot of trading partners / adoption. Probably 1/1000th of Bitcoin if that. Which is a major problem.
It’s not for hodling as it’s trending toward zero priced in Bitcoin so rekt if using as a SoV. Just use LN for instant / cheap / private txs…
I like LN a lot. If I’m a trafficker in schedule I substances or I live under an oppressive regime however, is LN really private? Are you willing to bet your life and freedom on it?
Sender privacy is real good with just some simple best practices.
Receiver privacy is crazy hard to avoid leaking data.
We all just have to do our best in a digital world, or go back to bartering and exchanging sea shells. At least the government can’t print those.
If your life is on the line swap sats for something engineered to be fully private. No brainer. But 99.9999% of people’s lives aren’t on the line from a tx so it’s a different calculus.
That depends entirely on the government. Have you read about social credit in China? Personally I enjoy being an asshole and having enough to eat.
No one is stopping you from using monero but there are valid technical reasons it’ll never be global money
There is a lot of competition in the space, a new frontier. I never advocated putting your life savings in it, much like you wouldn’t stock your wallet with millions in cash, that is what Bitcoin is for! For spending money though…..it’s worth a shot.
Yeah I’m sure it’s easy enough to swap sats for xmr (never done it though) if you want to tx privately and your counter party will accept the xmr. Spend it how you see fit, the beauty of permission-less money.
I don't know why this is said so often. Lightning is not private. Network incentives for optimal routing lead it to grow less private over time. Literal lightning devs telling you it isn't private.
bitcoinmagazine.com/technical/state-of-bitcoin-lightning-network-privacy
You're listening to a maxi who has casual knowledge of Monero explain why he thinks it's bad in a few minutes.
If you're really open to steelmanning the case at least have a Monero user there, who knows what they're talking about, to give some pushback.
