Something trending on #Nostr ..

I like #Bitcoin , but Tether is more..

I like #Bitcoin , but Monero is more..

I like #Bitcoin , but Liquid is more..

X is where your marketing target fits.

The reason why I resorted to Alby in the end, was because the whole Lightning on self-custodial premises was too much of a jump, just to Zap on Nostr. I didn't wanna go all in, just to have payments, which don't take forever. I saw Edward with Alby, so I thought it shouldn't be too bad for a couple of cents.

Additionally, self-created channels didn't seem to work & I didn't wanna waste money, even if it's low amounts, just to test whether it works & afterwards still now know, whether it actually works in real life with strangers.

Just look at your Lightning journey you shared here. You already had enough trouble too, because you wanted to do it the right way.

I don't wanna waste days of time, just to set up a Lightning wallet, which is technically not even the real deal, as long as it's only the second layer on top of the actual Blockchain.

I'm pretty sure, as long as Lightning is self-custodialy as difficult to setup as now, nobody should complain about Alby or some other service because for most non-techies this is the only possibility to actually use the Lightning layer, at all.

The self-custodial setup is too time-consuming for people like me, who are versed in tech but new to the Bitcoin eco-system & I think almost impossible for any non-tech person, except their hands are held by a Bitcoin Pro the entire journey from having nothing to having a channel, etc.

"Demurrage as the security budget solution for fixed supply currencies" is used increasingly as a potential solution to the #bitcoin security budget and a way as to not touch the 21M hard cap.

Any non maxis out there that have gamed this through or we adding this concept to the heretic folder like tail emission?

#monero

FYI just to be clear I also hodl some bitcoin.

You can treat it like:

Bitcoin = major savings in a bank vault

Monero = trivial spending cash in your wallet

You can buy KYC-free directly with fiat from "Local Monero" or "Bisq" or swap a little when needed using trocador.app (exchange aggregator) or unstoppable.net (atomic swap)

Would you say that holding #bitcoin, spending Monero is a good strategy? Full disclosure: I’m HODLing #bitcoin period, not spending.

Until yet another inflation bug appears.

Bitcoin can be just as private with LN, payjoin and interactive, anonymised coinjoins cryptonote protocol is less private than those things all being used routinely. MuSig2 literally could be used to do RingCT style mixing.

Montero only has this popularity on the darkweb because it automates that payment mixing.

So few arrests anyhow from chain analysis, which suggests even bitcoin is mostly secure against the $5 wrench attack.

Probably because all darkweb bitcoin transactions are using Tor. Tor alone stops geolocating spending keys...

Montero can't do a lightning network. It's just a matter of time until LN is easily anonymous, and interactive payjoins are easy.

Montero can't be audited properly. All zkp chains will also have this problem. UTXO is Goldilocks. Auditable, but potentially private with VPN and interactive payjoins.

Montero can't be audited. Did I mention that?

Would you say that holding #bitcoin, spending Monero is a good strategy? Full disclosure: I’m HODLing #bitcoin period, not spending.

Bitcoin devs keep trying to hide B in A -> B -> C transactions,

knowing it will enventually settle on and be visible as A -> C.

Sure tons can happen in the pocket universe of B in lightning,

But monero hides everything from A to C.

No complicated channel funding, opening, maintaining.

Are you suggesting to stack Monero instead of Sats?

Hahahaha wait when they hear about #Cashu

Unfortunately lightning network is crappy :|. I wish it was better, but simply it is not. Hopefully with future second layers we are going to have better usability. On chain transactiona are perfectly reliable and dependable but it is quite shameful to send 100$ and pay 1$ in fee with money that we present as a liberation from an unfair system.

I share your distaste for larps and cucks so understand the sentiment. Just disagree with where the energy is pointed.

Nice so we agree that the majority of wealth should be stored in on chain Bitcoin. It’s the only way to protect yourself against certain debasement.

The disagreement is in how to spend small amounts of your wealth. Any of the options comes with downside:

-Self custodial lightning -> technical barrier to entry running your own node (with the exception of Phoenix Wallet and a couple others) and the need for good privacy hygiene to not dox yourself

-Custodial lightning -> requires trust and good privacy hygiene, but very low barrier to entry.

-Liquid Bitcoin -> requires trust in the Federation. This is better than trusting a single custodian. Does not require knowledge of privacy, only more adoption.

-Whirlpool -> I agree this is expensive and would not use for spending. Only cleaning KYC coins if you happen to have them.

-Monero -> risk of being debased, no need for knowledge of privacy but need to learn about mechanics of a second currency.

I will also say all of the Monero wallets I’ve tried take a very long time to sync.

Tradeoffs. I personally know how to acquire and spend Bitcoin privately, so never have the need for Monero.

For the masses, we’ll see; the market will figure that out. I’m glad there are options and the trend towards private-by-design tech is increasing.

There are trade offs to everything. Monero is not hard money and will therefore trend to zero against Bitcoin over time. Sure, a decent tool, but not something I would want to hold a large position for the longterm in a world where Bitcoin exists. Absolute privacy is the ideal, but it will mean nothing if your purchasing power can’t be protected. You have to start with hard money and then make it absolutely private, not the other way around.

The privacy of liquid will improve as adoption increases and more types of assets are issued on it. It’s still In its infancy. If it never gets a high adoption rate, then yes I would agree with you—the anon set is not large enough to offer any real privacy benefits. And in that world, we would still have whirlpool.

As for “permissioned”, it’s a multisig wallet that only needs one federation member to sign for a peg out. There are many exchanges like Sideswap that have this built in. The federation model I agree is not as trustless as on chain Bitcoin, but it’s far more trustless than using custodial lightning or, in the case of Monero, hardforking the project with relative frequency.

If your marketing strategy is to call everyone that disagrees with you a cuck or larp, good luck with that 😂. Maybe you can get some weak men who are insecure about their masculinity to jump the fence. And what a way to build a community.

Then please acknowledge that #monero is a legitimate part of this freedom stack. The amount of long term hardcore #bitcoin users I know that also use #monero is huge even though publically it might feel like committing hara-kiri.

I would use liquid over Monero any day if the week

I'm not big on any cryptocurrency, but I have to say the Monero people are orders of magnitude less annoying than any of the others.

This isn't true,

The smartest people in Bitcoin eventually figure out that monero is a flawed cryptocurrency & not worthy of storing wealth.

Anonymous vs Private

Also, there's no such thing as KYC bitcoin.

Off-ramps to fiat currencies are the issue, always will be.