22 sats \ 25 replies \ @tomlaies 15 Jun \ parent \ on: What are your thoughts on Bitcoin losing the Darknet bitcoin
Lightning can do literally everything that monero can - but is cheaper and faster.
Three questions:
- Is lightning as private as monero?
- Does monero require inbound or outbound liquidity?
- What is easier: self-custody of monero or being self-custodial on lightning?
Would also be interested in @DarthCoin's answers.
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It depends. Could be more, could be less. At least in LN tx are only recorded as forwards in the forwarding peers, and the initiator and receiver of the transaction as payments. Blockchain is for eternity.
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No, L1 blockchains only require an unfunded address to receive payments.
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Equivalent, both require running a full node software. Bitcoin is negligibly more expensive to run given its older, larger chain.
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I am tired of these useless debates comparing a shitcoin with Bitcoin.
You want to do shitcoining? GFY
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Let’s discuss protocols, not coin flavors. Yea, monero is a shitcoin — however: if your life depended on the privacy of a monero payment vs the privacy of a lightning payment, which are you picking?
Should Bitcoin development be trying to make coins more fungible (ala MW)? Should it be introducing graph obfuscation features like decoy ring sig txs and zkproofs?
These are things that shitcoins can experiment with no risk to BTC. When should BTC adopt privacy preserving protocols?
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If is a shitcoin, there's NO DEBATE, no further discussions. Are meaningless.
Case closed.
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Protocols not coins. Should Bitcoin implement privacy protocols?
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My God is the only real God and i will obey and never question anything.
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Lol. A few sats for staying on message Darth. You are consistent AF.
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Consistency is all that matter. Otherwise is just bargaining with yourself and you will never reach the goal.
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That makes a lot of sense sats to me. While I do not agree with everything you say, I do acknowledge that you are a man of principle and conviction. Which I do respect.
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he is a religious moron, some people say.
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- Lightning receiver privacy is bad and amount privacy is not guaranteed from larger nodes. Sender privacy is strong. Lightning is theoretically nice though because it has no public blockchain. Too bad those privacy benefits are discarded with the way vast majority use it (Look at how we are zapping on StackerNews)
- No
- Self-custody on Monero and it's not even close
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No it can't. It has a huge UX problem to use without custodians and/or permission, with bad receiver privacy and lackluster amount privacy from larger nodes. And if you fix UX problem with custodians or LSPs (moot point though) you lose the few privacy benefits you had with it.
But yea Lightning is cheaper and faster.
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With AML sanctions coming after it, lightning wallets shutting down or implementing KYC, I don't think so. I think lightning CAN be quite private, but it's more difficult than Monero.
I am really not at all an apologist for Monero, but to deny that the market has spoken is patently absurd. It's literally the point of this poll.
Shitcoins are just R&D for Bitcoin. We're getting BitVM now, which wouldn't have happened if Ethereum didn't exist.
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