If all that mattered was how fast a transaction was we would all just stick to using Paypal, Venmo, CashApp, etc
Lightning isn't even the fastest crypto. Nano is faster, feeless, and actually final settlement.
Discussion
So monero isn't instant
Thanks
Nope
But tradfi apps blow lightning out the water in both usability, speed, and network effect if that is all that matters to you 👌
So what's a monero scaling solution? Or they don't plan to have many users?
Lol @ thinking lightning is a scaling solution
truthcoin.info/blog/lightning-limitations
The masses are never going to choose self-responsibility and sovereignty over convenience. Or that nation states will allow it to operate on white markets unrestrained. It's a fever dream and not even necessary for Bitcoin or Monero to succeed.
So you're saying monero doesn't have a scaling solution because its not for the masses.
OK thanks
Nope and neither does Bitcoin 👍
What's the benefit for the masses to adopt Bitcoin, Monero, or Lightning over tradfi apps if most don't care about self custody and permissionless p2p transactions anyway?
Payment apps are feeless, faster, convenient, more people/businesses use and accept them, and they don't have a criminal stigma attached to them.
They also have central exchanges and ETFs that give them price exposure to Bitcoin if they want that.
🤷♂️
I was hoping you were going to tell me Nth Korea is going to adopt a monero standard.
...
As the masses fiat continues to degrade in purchasing power, some of them will have to recognize bitcoin as better money. They will need to learn, like everyone else about self custody & privacy. If they don't, then they will suffer in one way or another
Nano is interesting. Last i checked though its trusted. It relies on Ethereum like POS, Judiciator whales.
Yea, not private either...and the community seems very naive about this in general.
It definitely has it's own share of problems. I at least respect their efforts towards true utility. And community seems genuine. They arent just some pump and dump scam. Never see Nano heads talking about price.
Nano uses DPoS for voting. A form of PoS which I don't like either.
The tech itself is more interesting to me. Instant transactions via DAGs and feeless txs that are spam proof are something almost no crypto is doing. Maybe XMR could use them to improve without the PoS stuff.
I try to keep my mind open. I'm no Nano expert though.
@atxmj, @mira_hurley, @Ghostbanned7, and @vinibarbosabr (xmr and nano guy) are great follows on Twitter to learn more about it.
