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They should recommend Bitcoin for payments though. Lightning is more private than Monero.
That depends totally on many different factors. If you believe that you are likely misguided by supernet who gives focus on one aspect only.
nostr:nprofile1qqszrqlfgavys8g0zf8mmy79dn92ghn723wwawx49py0nqjn7jtmjagpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8nhwden5te0dehhxarj94c82c3wwajkcmr0wfjx2u3wdejhgtcmtzrkv is very right. Plus, Monero doesn’t scale, ring signatures are too heavy. And you can’t audit it. Bitcoin + lightning + ecash is the best combination
Vast majority of Lightning users don't have very good privacy. They're either using custodial wallets or LSPs that see a lot. Ecash is cool, but custodial. Doesn't offer you sovereign privacy and there are problems with large payments being identifiable by the mint since it uses denomination buckets.
Even when you use Lightning correctly it's a trade-off between allowing third party hops to see at least partial amounts. Monero is better at hiding transaction amounts from third parties since it uses pedersen commitments. Lightning perhaps better for hiding from counter parties. But all depends how it's used.
Yep, except Moreno is going to ZERO against Bitcoin
With the US pushing hard for worldwide use of stablecoins, it looks like BTC as a UoA is a long way off, no matter how much printing happens. And the fact is, that Monero (along with Litecoin) has a proven history of beating USD inflation (XMR far better than LTC). Layer Bitcoin outranks both of these by a longshot, but it's popular use as a SoV and it's digital gold narative will ultimately reflect our exact current economic system.
#monero is great for privacy.
#monero has #xmrbazaar
#bitcoincash is #lightning fast!
#bitcoincash has #cashfusion for fungibilty
#bitcoincash has #MUSD decentralized #stablecoin
#bitcoincash has DeFi
#litecoin is the most used coin for purchases
#litecoin has fungibility
All three can be traded privately on #BasicSwap
When it comes to sovereignty & ease of use, these three make a winning team.
#XMR #BCH #LTC #forthewin
It can give you good privacy I guess but practically youd have to account for multiple aspects to come together to make it work so. Monero is hassle free and reliable 👍
There no multiple aspects to come together. Download nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzxrhwden5te0wfjkccte9eekummjwsh8xmmrd9skc58ygem, done
Can I download ZEUS, load it up and send USD 10k worth to anyone accepting LN and expect it to work or stay private 🤔
Yes.
I thought receiver and nodes on the route would need to offer sufficient capacity beforehand to even handle the transaction no? How would a route be formed to a node thats not connected to my part of the network yet? Wouldnt a exceptionally large transaction be recognized as such by nodes when balancing their channels? Maybe sending BTC 100 worth would be different? Sorry for giving so much questions but I have limited understanding of UX on LN
You can get a channel of that capacity from our LSP or open it to another peer of your choosing. As long as your channel partner is well connected you can reach virtually anywhere on the network.
Senders have exceptional privacy by default on Lightning. Larger amounts can have more difficulties, yes, but at this point the network has matured to the point that 10k is somewhat trivial and 100k is doable.
Ok thats sounds like what I thought. Routing and liquidity are limiting aspects to consider. The "senders have exceptional privacy by default" seems somewhat overblown as I dont think that would be the case for most users setups no? I also heard from many users they had issue sending succesfully or getting their channels closed even tho they said they have a non-custodial setup with fenix wallet. So even tho I dont know about Zeus itself, it seems like youd have to be quite educated to use it reliably. Thanks for elaborating your point 👍
It's doable, yes. But, how long would it take a newb to make this happen without any mistakes?
nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqpz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qzxrhwden5te0wfjkccte9eekummjwsh8xmmrd9skc34yxrm and the lightning network are a joke. Compared to Monero (and Litecoin & Bitcoin Cash), on a scale of 1-10 the usability of Zeus is a 3 at best.
Unless you're using Muun, it takes a master's degree to set up these LN wallets. It's a fucking joke.
I guess you’ve not used nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 in a while. Or you’re blind.
Tried it again just the other week. Phoenix too. It's not that I can't get them too work, it's that there are too many steps and it takes too long. Generally more difficult than opening a bank account!
I know of better, faster ways to use crypto, and lightning is very, very low on the list.