Much better than bitcoin onchain, much worse than Monero.
Stepping outside the privacy sphere, it (LN) has issues with centralization, liquidity, potential for getting rugged if offline for too long, etc.
I don't know if it will be the ultimate solution, but it at least makes Bitcoin usable as peer-to-peer digital cash, and in my book that's a good thing.
The #EU wants end to end encryption gone.
The #EU wants anonymous and private crypto transactions gone.
Everything we do, they want to see, process, filter, censor, categorize, tag.
This is the way of the totalitarian.
Monero is to money as end-to-end-encryption is to instant messaging.
You wouldn't donate your entire chat history to a company or a government, and yet you do this with your financial life?
#monero
One thing is for sure, socialist globalist leaders will continue not embracing Monero, because it enables the possibility for something they don't really like, and which corrodes their tyranny.
Freedom.
Without privacy, freedom is not possible, or at least it becomes extremely harder to attain.
The reason the broader crypto ecosystem has been somewhat reluctantly tolerated by the establishment is because transparent blockchains enable authoritarians.
The reason Monero has been cast to the sidelines, more or less quietly and through the backdoor, is because it brings back a freedom that society has recklessly lost over the past decades.
I am talking, of course, about financial privacy.
It is no accident that most of our civil rights have been eroded. It is no accident privacy and anonymity online have steadily eroded.
Free people are a lot harder to control.
Knowing they're under surveillance makes people think twice before they say - or more to the point here, spend money on - something that the powerful people who can ruin their lives disagree with.
Surveillance ensures control. And control ensures submission.
Submission keeps the plebs as slaves, and the masters as masters. No dissent is tolerated.
If it seems like we're describing a totalitarian system here, well... that is exactly my point.