1205 sats \ 5 replies \ @thrown 24 Dec 2022 \ parent \ on: Peter Todd: Why the Lightning Network better than Monero & Zcash bitcoin
You could apply that same exact critique to Bitcoin before Lightning came about.
Well guess what: Layer 2 is literally being researched for Monero right now.
Speaking of on-chain transactions though, the txn size continues to get smaller with each monero release.
If you dislike Monero because it’s simply NOT bitcoin, that is fair enough. But let’s be real here.
You could apply that same exact critique to Bitcoin before Lightning came about.
Just false. Do you know how Monero ring signatures work? They necessitate the use of a 'key image', which can never be deleted, otherwise double spending is possible, and more than that - you can't "prune (most of) the blockchain and just keep the utxo set" - a finesse both common and frequently used in Bitcoin - because there is no 'utxo set' distinct from just, all the outputs in all the blocks. None of the txos are 'spent'.
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Monero has had pruning for a while now. https://www.getmonero.org/2019/02/01/pruning.html
If you want to critique the fact that the code improves too often and too fast, that is a different critique but a more fair one.
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Monero's "pruning" is not the same thing as Bitcoin's pruning.
Bitcoin can discard all transaction data from spent transactions. Monero has to retain key images from every transaction ever made.
That is fundamentally different and Monero enthusiasts like you who imply they are the same are quite frankly, lying.
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I’m the “enthusiast” here? I’m literally giving you accurate information. I have no hobby horse or allegiance.
Before you said Monero doesn’t allow for pruning and now you are saying it doesn’t allow for enough pruning.
Monero can prune 2/3 of the blockchain. I think that’s pretty great but if it’s not enough for you, okay that’s fine.
Now where else can we move the goalposts? Or would you prefer to make some substantive critiques instead?
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Bitcoin can prune up to 100% of the blockchain, and in practice, achieves something like 99%
That's a very different thing than 2/3rd. The two are not comparable.
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