10 Laws of Monero
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10 Laws of Monero
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Do one about lightning network.
It is easy, it is the opposite of all of this š
No, for real⦠write it how it is the opposite.
LN is just a band-aid solution for chronical problems that plagues BTC
I see where you're coming from ā it's true that Bitcoin's base layer has strict limits on throughput, and Lightning was developed in response to that. But isn't that kind of the point? The base layer prioritizes decentralization and security, while layer 2 solutions like LN aim to handle speed and scalability ā much like how the internet is built in layers.
When you say it's a "band-aid" for "chronic problems," do you mean youād prefer Bitcoin to scale directly on-chain? Or are you pointing to something deeper, like mining centralization or usability barriers?
Genuinely curious about your view ā always interesting to hear different takes on whether LN complements or compromises Bitcoinās vision.
Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution
Lightning is not ASIC-resistant, making Bitcoin a rich man's dream because of expensive hardware for mining.
Iām sorry. Iām old and slow.
Thatās an interesting point ā I definitely agree that Bitcoin mining being dominated by ASICs makes it harder for regular users to participate, which can lead to centralization concerns.
A side note in regards of ASIC: I foresee (and some authors as well) mining Bitcoin will become nothing but a game of chance in the future. Having dedicated mining companies and teams dedicated to find a number wonāt be profitable, so it will be like a lottery. Bitaxe, for example, have already mined full blocks not so long ago. Minimal? Yes. But they did indeed. Mining at scale and decentralized becomes a lottery in the end.
Just to clarify though: when you say "Lightning Network is not ASIC-resistant," are you referring to mining specifically, or to something else about how the Lightning Network works? Since Lightning doesnāt involve mining, Iām curious how you see ASICs affecting its role or adoption.
Would love to hear more about your perspective!
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Thanks for the reply.
āthe opposite of thisā is a strong take! Iād love to unpack that a bit, if you're open to it. Hereās how I see each point in relation to Lightning Network (LN), and Iām curious where you think I go wrong:
1. Privacy is the Default
This oneās nuanced. Monero *does* offer default on-chain privacy through ring signatures, stealth addresses, and confidential amounts. But LN, by design, doesnāt even record most transactions on-chain and uses onion routing, meaning **thereās no global record of payments**, and only individual nodes know their part of the route.
In some real-world situations (e.g. when avoiding passive surveillance), **LN can offer *better practical privacy* than Monero**, especially when routing through multiple hops. But unlike Monero, LN privacy **isn't automatic or guaranteed**, and relies on channel setup, uptime, and avoiding surveillance nodes.
So I wouldnāt say LN is the *opposite* here, more like it **approaches privacy differently**, with some notable strengths of its own.
2. Fungibility is Freedom
Bitcoin itself lacks fungibility, and LN doesnāt fix that fully. But it does **obscure transaction history** in a way that helps reduce the risk of ātainted coinsā spreading, no clear UTXO trail for individual payments. Still, Moneroās by-design fungibility is stronger. So LN makes progress here, but doesnāt fully solve it.
3. Decentralization is Non-Negotiable
LN can be decentralized in architecture, but in practice, large hubs and custodial wallets dominate. Itās a valid concern, thereās a **centralization trend in usage**, even if not enforced by protocol.
4. OpSec is Sacred
LN adds a lot of complexity: channel management, uptime, routing issues. Moneroās UX isnāt perfect either, but it doesnāt require you to be online or actively manage channels. LN is more demanding here.
5. Hard Work > Hype
LN devs have been grinding for years, with little hype compared to altcoin ecosystems. Iād say LN **does fit** this value.
6. ASIC Resistance is a Shield
Not relevant to LN ā it doesnāt rely on mining. If the critique is about Bitcoinās base layer mining being ASIC-heavy, thatās fair, but LN itself can run on low-power devices. So this one doesnāt really apply.
7. Open Source is the Backbone
LN is fully open-source, with multiple implementations and a lot of collaborative innovation. No contradiction here.
8. Adapt or Die
LN is literally an adaptation, a layer built to scale Bitcoin without compromising its base layer principles. Seems **perfectly aligned** with this value.
9. Community is the Core
LN has a growing, passionate developer and builder community, especially around new protocols like LNURL, Bolt12, and Fedimint. Not as ideologically unified as Monero maybe, but **still very community-driven**.
10. Surveillance is the Enemy
LN helps avoid surveillance in important ways, no global ledger, onion routing, and off-chain payments. Itās not bulletproof (channel probing, timing analysis are issues), but itās far from surveillance-friendly. Iād say **this goal is shared**.
So overall: Monero and LN **share some deep values**, even if they prioritize and implement them differently. Saying LN is "the opposite" feels like an oversimplification, especially when LNās privacy in certain contexts may actually *outperform* Moneroās probabilistic obfuscation.
Would love to hear your take ā which of these points do you think I misunderstood or gave too much credit to? Genuinely curious where you think the biggest flaws in my view are.
Hard forks good?
Peak.
money pools globally going dark