Genuine Question for #xmr entusiasts.
Litecoin lost its use after #bitcoin 's lightning network provided speed for the network.
What will be the use of #monero if Bitcoin creates new measures of privacy and anonymity? or will it happen the same as litecoin?
From what I'm exposed to it seems almost no vendors use lightning. And if they do it is a small fraction of their purchases vs other crypto.
But let's say for now your claim is true. Lightning has it's own unique trade offs. It's interactivity makes it a bitch to use in any sovereign manner. That is why greater than 95% use custodial lightning wallets. Can you call custodial usage bitcoin "usage"? It also doesn't have the same security guaruntees as on chain.
If, all things equal, second layer privacy on bitcoin turns out better I would use it. But as above it would undoubtedly come with it's own unique trade offs different from Monero, so the usecase for Monero will always be there. It will never be a full substitute.
Guess we will have to all wait and see it play out.
