Except it really doesn't. Lightning is nowhere near as private as Monero—Monero doesn't need a layer 2, and Ecash isn't Bitcoin and it's custodial.
"Bitcoin backed" != Bitcoin.
On lightning and privacy.
Discussion
> monero doesn’t need a layer 2
I am going to assume you mean this only in the context of privacy? The only reason monero and many other L1s can claim to “not need a layer 2” is because they haven’t had to scale and decide about the trade off between size and throughput. As far as I know monero doesn’t solve this and so it would eventually need an L2 anyway
this is true.
monero txs are larger than Bitcoin and if it started doing 5-10x the tx it would need a L2.
payment channels are a possibility.
Yes, I meant that in the context of privacy. Monero has protocol-level privacy.
Assuming ecash delivers it's privacy promises, I'd rather use it like a small cash wallet than deal with Monero. Monero was an absolute miserable pain in the ass to actually use back when I gave it a go. It took me a very short time to realize it probably wouldn't end up being meaningfully adopted. At this point, I feel better off just using the various Bitcoin tools. Youre never going to fit it all into a single layer. Maybe things have improved UX wise, but it would have to be a massive improvement for me to deal with it again. I'm curious how many people are actually using it like I am Bitcoin today. I see all the puritanical arguing on here, but I mean actually using products where you can have your fiat check land as Bitcoin and spend it using on chain, Lightning, or ecash. Or using something like Bill pay from Strike, gift cards bought with sats, etc for fiat bills. How big is that ecosystem in comparison now?
And I'm very unlikely to store any meaningful amount of wealth in Monero so I'm still just swapping in and out of something else anyway. I'm not sold on it. The UX lost me to Bitcoin. The ecosystem wasn't nearly as good, in my opinion. It feels like a dead topic to me. I'm much happier just using something Bitcoin related to maintain consistency in UX.
Dead topic meaning I haven't seen any improvement or argument that changes my mind.
what was the pain point about monero UX?
there isn't anything wrong with LN privacy really.
its not worth anybody's effort and nobody is looking.
Its super confusng when you call back on old threads...i end up commenting on something from a year ago 😂
Not really your fault..maybe more amethyst's layout