That is the idea of a legal tender law yeah, but as far as I know it was widely ignored, and the law being ignored was also widely ignored.
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 😀
its because of people like this Gabriel made this episode.
"Bitcoin or civilization ends" gimme a break
as if we haven't always been fighting this fight.
https://odysee.com/@WatchmanPrivacy:1/BitcoinPodcastDivineIntervention:b
nostr:note19xw46fu67xua4l6sy8wctaqsrj6hetql38cjhwzyt5e5jz85njnsnrjclp
Haha, that was a great episode. Thanks for the reminder 😁
Nothing, it's just a different model. You need a network of your own to make it work, or to be placed inside an existing network.
Network in the social sense.
Agreed, and I welcome this development myself. Just playfully trolling some of the more zealot types around, the great Inquisitors of the great Church of Bitcoin Only, who predictably see this as sacrilege and heresy.
It's fine, the more assets the merrier, zero friction to switch them to BTC later.
Besides, stablecoins are useful, no need to be all in all of the time.
Finally, might actually increase lightning usage a lot, because of better privacy vs other USDt solutions (even on liquid) and lower fees.
Honestly I don't see what's not to like. Those who want to use USDt will use it with less friction than before, and for those who don't, well, nothing changed.
Ahem, every business is most definitely not already accepting BTC :p
Outside of select few areas, no one is using it.
No, don't worry, just send your sats to a random mint, it will be fine.
In fact, send them to figomint! DM for details.
(satire if unclear :p)
They both have their issues and their workarounds, for sure.
Personally I find Monero easier to understand so I prefer to use it, and as long as there is a non-centralized bridge back and forth between Monero and Bitcoin, I am happy.
Different tools and competition between them is a good thing imo. People will choose as they choose, for their own reasons, and one way or another, they will reap the benefits or suffer the consequences of their own choices.
I think it's harder to ask for anything better than that 👍.
What do you say to the people who died or became disabled from, e.g, the clot-shot?
Yes, but that's not what I meant, and I think you know it.
Look at https://nym.com for one example of what could become the golden standard.
Technology progresses, both offensive and defensive. The people who run the DNMs and the people who use them know well that LN is not sufficient, and that's why they don't use it.
This is the free market doing its thing.
Try not to look at this like "XMR rocks baby, LN sucks!", but more like dispassionately observing and acknowledging the facts and adjusting your threat model accordingly.
Lightning uses onion routing.
Tor implemented onion routing, which Lightning copied.
Try reading the Tor whitepaper, it's right there at the beginning what onion routing can't protect you against: a global passive adversary.
A GPA has existed for many years. It's called the NSA.
Onion routing doesn't provide you with the privacy and anonymity you think it does, sorry.
(but it's better than nothing)