I am not going to go back and forth about economic inaccuracies. "Constant stable supply" is not a thing in the world of currency that is infinitely divisible. There is no problem with liquidity in bitcoin. Custodial wallets aren't needed in lightning. Receiving funds in an invoice payment system necessitates the wallet to be open. Or just use a web socketed Bolt12 address or a lightning address and your wallet software is always on. You don't "lose funds" due to poor channel management either. They just return to your on chain address if your channel closes. Again, I don't care about monero and it was outside of the scope of my criticism of the original post. A protocol that never ossifies is not useful. And without a supply cap it is not useful as currency without a peg to a money.

Okay, so currency has to be based on an asset to maintain a valuation beyond speculative usage. Monero has no underlying asset on which it bases its value. Also currency doesn't need a constant stable supply. That's just how the dollar maintains its place. Currency is only needed insofar as it eleveates a financial commerce bottleneck. With Gold being so heavy, paper currency was used as a trade medium to increase trade velocity. With Bitcoin, lightning increases trade velocity through by passing the approximate 10min block time. It also is onion routed increasing anonymity and obfuscating the number and amounts of transactions. Monero is in a technical sense unlimited in supply but in a real sense more so not limited by a supply cap. The constant changing of protocol also lends to not ever having very wide adoption because you can never build anything on top of the shifting sands of the protocol.

So, their should be a sync button in the settings if restored properly but if not, take note of the bottom paragragh of the image.

y'all only using one Nostr Client?

So, the embedded node needs to sync to restore channels. Your on chain sats are still there correct? If not, you can with another bitcoin software you can produce an xPub from the seed, and see where the coins went on chain.

yeah my bad, since I was asking someone specific questions I assumed they were responding not someone not even in the conversion.

the point made earlier was that 0-mixin coins still exist and therefore reduce the privacy of future transactions with those coins. either way, I don't care about that shitcoin and I am tired of talking about it. have a good one.

"reinstalled my wallet"

Did you still have channels open? Do you have your on chain seed phrase? Were you running their node or your own?

also, this may be an obvious question, did you spend them all?

Okay, leave the economic definitions to me. Scarcity is based on supply not demand. Just because I have only made one painting due to the demand of one customer doesn't mean the painting is scarce as I can create as many as I'd like with the rising demand. Monero is not scarce.

Secondly, you said you would give your reasoning with your refutation. Out of date isn't a reason. Which fork of Monero has fixed all of these issues? Specifically the 0-mixin Txns that are identifiable.

Well, save her then!

You wouldn't have your young wife keep the shop(you own) before she becomes the mother of your children? I dunno, sounds like a fun gig and the juxtaposition between that and motherhood would drive the appreciation for the ideal life.

Well, I would direct you to this about the privacy claims of Monero: https://arxiv.org/abs/1704.04299

Secondly, the fact that it has an unlimited supply makes it by definition abundant and not scarce. Scarcity is one of five primary attributes of money.

So, if XMR can't be private and it can't be money, I don't think it would be a very good private money. But like I said before, I don't care to talk about Monero any more than I care to talk about the Nira from Nigeria.

My entire gripe was the fact that people want a monetary asset to be private, it can be psuedononymous but never private because of how money functionally works. The currency layer(layer 2) is the layer with which velocity, transferability, and anonymity should exist. The same way cash does for the dollar (prior to 1971). I study economics, and I know more than average about coding. This crowd seems to skew too heavily toward the coding cleverness than the economic ramifications of what a digital money MUST have to be a viable option for the future.

Looks like you didn't read the reply's response to what I wrote originally and assumed it was a coherent rebuttal to my points. Do you want to mind your own business?

Just stating something as a fact doesn't make it so.

"UTXOs will be sanctioned" -How? explain the mechanism than allows any nation or actor to literally disallow the use of a UTXO.

Monero has VERY little monetary premium, which is the point of a money. If I secretly trade literal pieces of shit, YOU'RE RIGHT! it's untraceable! but no one will use that as a financial instrument.

All assets need a final settlement layer that is auditable to a layman. the olds of the future will be no more inclined to use monero than the olds of today are. we have a hard enough time convincing boomers of Bitcoin's efficacy. The reason you think that XMR is secure is that there is not as much scrutiny upon it. Dudes with bad OpSec are still getting ganked by the feds. So, what makes you think the average user on XMR in your fantasized future would ever use it correctly.

either way Monero is irrelevant.

The point being Bitcoin has the monetary power, momentum, and adoption to be THE global asset layer. the subsequent layers are where you focus your security and anonymity hurdles. onion or garlic routing on lightning, making a fungible second layer protocol, but they all use Bitcoin at base because it IS the money. I tackle this from an economics perspective. Market actors don't what to hide their activity when it comes to assets. It's the quicker faster deals that need the privacy protects you guys obsess over...on a public forum, btw.

👍 k

Guy, I wiped the tower... And installed a Linux distro then used docker containers for my BTC stack. I feel like you just read what you want to read and disregard my point.

Monero is a shitcoin and until now I didn't know or care that you were shilling for it. I was just correcting your misapprehensions about Bitcoin.

You don't understand economics. I don't code (but I can read it). Layer 1 Bitcoin is the asset layer. As such does not and should not have total anonymity for audit reasons. The currency/coupon layer is for anonymous transactions at high speed.

Lightning doesn't need any centralized nodes. People are just lazy and don't want to make a federated concentric model.

And what are you even talking about "cost required to run a node?" This is as asinine as saying "What about all the calories you burn just to acquire food!? Why don't you talk about that?"

It's called opportunity cost. You don't get any of the benefits if you don't play the game.

Anyway, I don't know why this has turned into shit on bitcoin from a position of ignorance discussion but, I don't care about you and I guess you can have for staying poor.

Just joshin' but you keep posting your receipts of you just raking in the sats! 🤘

As far as lightning, I have a couple different apps pointing at my LND node. But so far, only @Zeus for my CLN. I can channel manage with RTL, Thunderhub, and all that but no other wallet software has stuck out to me for my CLN. Guess Zeus will keep cornering that market for a bit.

As far as the Alby hub you just download Alby Go on your phone, make an isolated account, scan the QR that it shows with your Alby Go phone, then through the hub (IF YOU HAVE OUTBOUND LIQUIDITY ENOUGH TO FUND THE ACCOUNT) hit the "top up" button to fund your walkin' around money wallet. It's like a half hop from your channel balance. But if you close that isolated wallet the funds are safe and sound in your LND on the channel you pulled it from.

nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzyrhwden5te0dehhxarj9ekxzmnyqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueq555fk2

Zeus

Howzat? Zapped.