SaberhagenTheNameless on Nostr: Why shouldn't he use Monero? It's the best strong default privacy tool available ...
Why shouldn't he use Monero?
It's the best strong default privacy tool available right now if you want to transact p2p, non-custodially, and without permisson.
Using it doesn't mean you have to save with it.
Coinjoins have many problems. They are a weaker form of privacy via obfuscation everything is still visible (not truly hidden like Monero encrypted amounts and addresses). Largely require centralized coordinators so are vulnerable to censorship. Opt in active participation instead of being on by default. They are relatively expensive, slow, and tedious. And you can easily make mistakes that degrade your already weaker privacy.
Lightning is not private. Reciever privacy is particularly bad. You're still not private to anyone who sends to you even with unannounced channels. So many other issues Monero doesn't have...
-need capacity to even recieve to begin with
-limited in the amount you can send without failing
-can't transact without both parties being online at the time of transaction
-can be rugged if your node is offline
-can be force closed onto the base chain against your will
-ability to grief honest users with zero cost
-recent unresolvable critical security issues without base layer changes
lists.linuxfoundation.org/pipermail/lightning-dev/2023-October/004154.html
It's the best strong default privacy tool available right now if you want to transact p2p, non-custodially, and without permisson.
Using it doesn't mean you have to save with it.
Coinjoins have many problems. They are a weaker form of privacy via obfuscation everything is still visible (not truly hidden like Monero encrypted amounts and addresses). Largely require centralized coordinators so are vulnerable to censorship. Opt in active participation instead of being on by default. They are relatively expensive, slow, and tedious. And you can easily make mistakes that degrade your already weaker privacy.
Lightning is not private. Reciever privacy is particularly bad. You're still not private to anyone who sends to you even with unannounced channels. So many other issues Monero doesn't have...
-need capacity to even recieve to begin with
-limited in the amount you can send without failing
-can't transact without both parties being online at the time of transaction
-can be rugged if your node is offline
-can be force closed onto the base chain against your will
-ability to grief honest users with zero cost
-recent unresolvable critical security issues without base layer changes
lists.linuxfoundation.org/pipermail/lightning-dev/2023-October/004154.html