Expatriotic on Nostr: LN is 0.002 of the Bitcoin network... Self custodial LN use would be a fraction of ...
LN is 0.002 of the Bitcoin network...
Self custodial LN use would be a fraction of THAT.
Try telling someone, some organization, or some country who wants to buy 6000 bitcoins that "dude just download Zeus" "dyudee, it's private, I zapped you and you couldn't trace it!!! "
Wow bravo, you could hide the origin of a 10 sat zap from the counterparty... But what about a situation where chain anal, 3 letter agencies or nation states are surveilling the LN ? How would you know that? How would you mitigate against it? They could reek havoc on privacy.
Tl;dr privacy for 0.002% of the Bitcoin protocol!= Bitcoin protocol is private
Self custodial LN use would be a fraction of THAT.
Try telling someone, some organization, or some country who wants to buy 6000 bitcoins that "dude just download Zeus" "dyudee, it's private, I zapped you and you couldn't trace it!!! "
Wow bravo, you could hide the origin of a 10 sat zap from the counterparty... But what about a situation where chain anal, 3 letter agencies or nation states are surveilling the LN ? How would you know that? How would you mitigate against it? They could reek havoc on privacy.
Tl;dr privacy for 0.002% of the Bitcoin protocol!= Bitcoin protocol is private