pull down to refresh
0 sats \ 1 reply \ @fiatbad 11 Mar \ parent \ on: Monero territory monero
More importantly, it defeats the purpose of a globally distributed, auditable ledger. For base layer money we don't want XMR level of "privacy". For the kind of spending XMR people are doing, they should be on layer 2's like Lightning anyway.
Another point @expatriotic seems to be missing is future development of LN. In a few years, things like BOLT12 will likely be so ubiquitous that no one has to have "expert-level knowledge and perfect execution every time." Lightning will just be that private and easy to use. Don't go off and create your own blockchain, ffs! Use and build better layer 2's instead.
Monero communities talk about the 'upgrades' to Monero. How 'lightning' will be built on Monero etc etc and will be better...
From what I can tell those things are no where near existing today. Bolt 12 is already in use, albeit with a few wallets. CLN supports it as does Ocean for payouts and Lightning is already widespread on Stacker News. This is in addition to wrapped invoices for LND?
'Lightning on Monero' from what I can tell isn't even developmental, it doesn't exist at all. And the coming hardfork for privacy could be years away.
If all these merchants and small busineses started using monero and all of a sudden there 'was a hardfork' i think it would greatly upset them. They would be confused by the changes... and they would have 'to upgrade' to stay in consensus and I don't see that as reasonable. Things need to be predictable and reasonably polished for businesses to accept them.... privacy notwithstanding.
reply