Not only are you conflating privacy and anonymity (as often happens with noobs), but actually the way privacy AND anonymity works in monero is fairly straightforward to understand - if you're smart enough 😉.

Bitcoin L1 has no privacy to speak of, and lightning is pretty complex to reason about.

Lightning uses onion routing, and onion routing is nothing but elaborate pointless obfuscation in the face of a global passive adversary, which has existed for many years (NSA).

Furthermore and if you haven't noticed, most people use custodial LN solutions. If that's your idea of scaling, sure.

Also, you should know there is just nowhere near the block capacity for this to be otherwise.

So LN is nice for guys like me who opened channels 5 years ago who have more capacity now than a Socialist's ability to bamboozle people with nice buzzwords while pocketing their fair share (™) of other people's money.

It's a lot harder if every time you receive a new payment you need to pay an onchain fee to fatten up your channel.

Such scale very amazing so modern wow.

Meanwhile you pay less than a cent in #monero and it just works for anyone.

Also, the entire Lightning network is essentially a hot wallet, almost everyone running the same 2-3 linux distros and the same 2-3 lightning daemons. This is called a software monoculture and much like monocultures it tends to be a bad idea.

I hope it never happens (bad news for my bags), but it is very much within the realm of possibility for catastrophic LN bugs (or accessing nodes via exploits and leveraging from there) to siphon off obnoxious amounts of BTC to a hacker.

Cute of you to think that and a secure, stable, zero-exploit L1 are the same thing. They're not, one is far more complex than the other, and it isn't Monero buddy 😀

Reply to this note

Please Login to reply.

Discussion

I think I remember this guy.

he doesn't do discussion.

just posts bad takes and bounces.