pull down to refresh
1070 sats \ 0 replies \ @LTBD 31 Jan \ on: Why aren't ecash solutions such as cashu being developed on top of monero? ecash
Cashu mints are a solution for the lack of privacy associated with the use of custodial lightning wallets. The LN itself attempts to solve the lack of privacy of onchain BTC, high fees for low value onchain transactions, and the high latency.
Monero attemps to improve its imperfect privacy if full chain membership proofs, rather than with L2 solutions. Due to its limited adoption the fees have not risen enough to be a problem. The problem of high latency of XMR remains unsolved.
Use fiat. Bitcoin is not for you. Case closed.
Bitcoin is for everybody that can and wants to use it. Offer a technical solution or stay silent.
Better learn how to manage your LN liquidity
They have a spending problem, likely due to censorship, be it whitelisting or blacklisting policies. Their liquidity is fine. @denationalized correctly identified the problem. One solution of this problem is using
renepay instead of pay .I use Core Lightning too and many more of my payments did fail in 2014 than they did in late 2023. Using renepay made my payments succeed a couple of times when
they failed beforehand with
pay .Kaspa uses UTXO commitments:
[...] new nodes by default do not request historical data, rather, they sync in SPV mode, i.e., by downloading and verifying only block headers. [...] The node then requests the UTXO set from untrusted peers in the network, and verifies it against the UTXO commitment embedded inside the latest received header (technically, this is done against the latest pruning point). If those do not match, the node bans the sending peers, requests the UTXO set from new untrusted peers, and repeats the process. If those match, the node verifies that no unexpected inflation occurred by comparing the sum of UTXOs to the specified minting schedule, a comparison for which block headers suffice.
GENESIS