Nostr Web Client

I don’t see how BTC can become a digital cash. Unless more forks are done. Its open block chain killing privacy. Its non dynamic block sizes making fees insane, takes long time to move, etc. (Lightning has issues as well).

Monero took over the deepnet market and every market that starts to accept it. It is truly private, costs pennies to move, and fast.

Louferlou 2y ago

Privacy by default would be better indeed, but Lightning offers already pretty good privacy for the average honest user (not to protect again states spies though)

Lightning still need to be improved for sure but eventually it will be good enough, but you are right a soft fork for convenants could maybe help to build better L2s.

The dynamic block size of Monero doesn’t solve everything, at the end it still relies on a fee market to avoid spam so in case of mass usage, L2 would be needed anyway. For the moment it’s still cheap because pretty unused (1 tx every 3 sec…) but don’t believe that Monero is perfect

Reply to this note

Please Login to reply.

Discussion

Saberhagen The Nameless 2y ago

Monero isn't perfect, but it is better than Bitcoin as a digital cash

Large sharp spikes in demand would increase fees on Monero, but because of dynamic blocks it would adjust to accommodate them over time and fees would fall again even if that demand persisted. The same cannot be said of Bitcoin. Fees will climb and stay high with more demand no matter how much time passes

086564b2... 2y ago

True privacy.. I am talking protection from rogue governments who want control of everything.

Bitcoin gives them full sight of the blockchain, what you are buying, everything.

Deepweb markets had to switch from BTC to XMR. And many other market places are following this manner.

Basically you hear of BTC maxis saying “HODL” “COLD STORAGE” basically it’s like fancy paintings that they have to put in deep storage because they can’t spend it. (Or at least why spend expensively and all in the wide open?)

Monero is truly fungible, spendable, private, cheap to move, etc. A child can remain safe by using this.

BTC - Cold storage? For what 50 years from now? Then what?