MoneroMage on Nostr: If bitcoin wants to stay a public blockchain at the base layer, it literally can't be ...
If bitcoin wants to stay a public blockchain at the base layer, it literally can't be private without sacrificing something to achieve that on layer 2 (custodianship [fedimints], decentralization [lightning], or both).
So it's not just a matter of importing the tech over. I would happily move over if that was the case.
Monero has real utility that bitcoin does not.
There are instant transactions on Monero. They are called 0 conf. Merchants can account for doube spends and price them in. Online order transaction confs don't matter as you're waiting anyway.
But regardless, a layer 2 is already being explored and discussed.
https://www.getmonero.org/resources/roadmap/ (scroll to bottom)
https://www.youtube.com/watch?v=9XVMUVvwxUE
So it's not just a matter of importing the tech over. I would happily move over if that was the case.
Monero has real utility that bitcoin does not.
There are instant transactions on Monero. They are called 0 conf. Merchants can account for doube spends and price them in. Online order transaction confs don't matter as you're waiting anyway.
But regardless, a layer 2 is already being explored and discussed.
https://www.getmonero.org/resources/roadmap/ (scroll to bottom)
https://www.youtube.com/watch?v=9XVMUVvwxUE