Depends on how you use it. It can either keep you stupid, or it can make us smarter 😏
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Depends on how you use it. It can either keep you stupid, or it can make us smarter 😏
I haven't really looked into it yet. Is it a privacy preserving solution?
I don't understand the tor reference? As I see it the LN technology is interesting and can bring improvements especially for self hosted and special use cases but is more difficult to run. Most LN users are and gonna be onboarded with a custodial setup through an intermediary layer, akin to traditional payment processors, which gives rise to a centralized vectors of regulatory attacks. L1 p2p infrastructure is more resistant while staying easy to operate for users 👍
I didn't click your link sry. But to your argument: I wouldn't expect it getting that big anytime soon or ever. I expect affordability of hardware outpacing moneros blockchains demands in the mid to long run, even with accelerating adoption. Also it's not necessary for everyone to run a node. With BTCs block size limits you could soon run a node on every fridge out there but whats the point? I find miming decentralization more important and that I don't see improving with BTC...
I see. But when hosting your own node wouldn't you need to open channels and lock liquidity beforehand with each merchant you want to have instant payments? Routing through hubs would incur fees and actually form centralization no?
If it isn't fungible I wouldn't regard it as money 💁♂️
I would argue you need privacy by default if you really value it. BTC with coinjoin might come with little extra costs and work for your specific low level threat model nowadays but it comes with complex trade offs that might come back to bite you down the line, especially with advancing block chain surveillance. When offering good privacy with ease of use you can profit from a more surveillance hardened world in the end.
I heard lightning solved everything already 🤗
Several hops plus coinjoin sounds like quite the effort. Why not privacy by default?
I like Monero I like 3D printing I like trading in parallel economies