SaberhagenTheNameless on Nostr: Lightning is an L2 with different trade-offs than Monero a cryptocurrency. You'll be ...
Lightning is an L2 with different trade-offs than Monero a cryptocurrency.
You'll be able to build L2s on Monero soon. An encrypted chain + privacy layer is a better base for privacy then building on a transparent chain.
Another problem with Lightning is the difficulty to attain strong privacy without giving up sovereignty.
That's why vast majority of LN users go through custodians. The remaining use LSPs that also diminish your privacy to a degree.
Monero is also displacing Bitcoin on darknet markets, not Lightning. Virtually zero vendors on one of the most adversarial markets on earth accept Lightning. If you are a "markets are always right" guy then obviously the market values Monero over Lightning when privacy is priority.
You'll be able to build L2s on Monero soon. An encrypted chain + privacy layer is a better base for privacy then building on a transparent chain.
Another problem with Lightning is the difficulty to attain strong privacy without giving up sovereignty.
That's why vast majority of LN users go through custodians. The remaining use LSPs that also diminish your privacy to a degree.
Monero is also displacing Bitcoin on darknet markets, not Lightning. Virtually zero vendors on one of the most adversarial markets on earth accept Lightning. If you are a "markets are always right" guy then obviously the market values Monero over Lightning when privacy is priority.