5 ms·

Not everyone there is a bitcoin boomer. You'll find plenty of monero users and things that are a bit more serious than that.

littlecranky67 1y ago
It is noteworthy that zapps are based on lightning (which is Layer-2 for bitcoin), and similar in privacy as monero (and instantaneous).
- mettamage 1y ago
  Does lightning work now? A few years ago, I remember they had quite some difficulties. Maybe I should brush up my knowledge.
  - nunobrito 1y ago
    It is OK for small amounts like paying a coffee or a few cents. Not reliable for larger values.
    - Karrot_Kream 1y ago
      What's the "meta" like to find payment channels? That's the thing I found weirdest with LN, I needed to find a channel with enough funding. I presume the custodial LN providers just have their own payment channels?
      - littlecranky67 1y ago
        There is a sweet spot between custodial and self-custodial wallets: "non-custodial" wallets like Phoenix Wallet or Electrum. You keys, your coins - but expect higher fees (which are still way less than CC providers or other payment processors). No need to manage channels yourself.
        Karrot_Kream 1y ago
        Interesting, they manage channels for you and charge some fees? Makes sense, I'm not averse to paying for convenience.
  - digitalbase 1y ago
    It works but requires technical knowledge. I zap (on nostr) every day
  - phaedrus30 1y ago
    [dead]
- akimbostrawman 1y ago
  Lightning is not anywhere near as private as monero. It's a band aid at best. If it was actually private it would get banned and suppressed like monero.
  - irusensei 1y ago
    Then let’s write a nip and create a Nostr client that uses monero. What are you waiting for?
    - nunobrito 1y ago
      Already here: https://github.com/moStard-org/moStard https://github.com/moStard-org/moStard
  - derangedHorse 1y ago
    This is just an ignorant take on the technology used: https://x.com/SuperTestnet/status/1917510496376197446 https://x.com/SuperTestnet/status/1917510496376197446 Monero has other things working for it though, like the absence of liquidity issues you might face using Lightning.
- nunobrito 1y ago
  It nowhere similar to Monero in privacy, because it was never private to begin with. Please read: https://bitcoinmagazine.com/technical/state-of-bitcoin-lightning-network-privacy https://bitcoinmagazine.com/technical/state-of-bitcoin-light... And attention that Monero isn't the only privacy coin in town, but it is the one that is without doubt more attacked by governments due to its privacy. You don't see the same treatment for neither LN nor bitcoin, instead you see governments supporting it. There is a big difference.
  - littlecranky67 1y ago
    Your link is from 2022 - blinded paths are now here in lightning. Async- and trampoline payments are around the corner. The article is heavily outdated. I am involved in Lightning and run my own node - it is pretty much private enough for all sorts of micro payments for content creators. Not private enough for organized crime to move large sums, agreed. You also forget to mention the 51% attack monero recently suffered. Lightning is bitcoin based and way more resilient to that.
    - nunobrito 1y ago
      By all means, here is a study from 2024 documenting the hard facts about lack of privacy and lack of resiliency: https://www.sciencedirect.com/science/article/pii/S0308596123002070 https://www.sciencedirect.com/science/article/pii/S030859612... That 51% attack on Monero never happened, despite much noise and headlines saying initially otherwise. You can verify this for yourself.
      - littlecranky67 1y ago
        The paper does not state what you make it out to be (it sees theoretical privacy-lowering attacks, but not as you state it "lack of privacy"). Practical attacks are not even proven. And it - too - does not look into trampoline payments. Trampoline payments are a new feature that are not yet in a BOLT standard, but tried and tested in beta and used i.e. by Phoenix Wallet or Electrum.
deleted 1y ago
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littlecranky67 1y ago

It is noteworthy that zapps are based on lightning (which is Layer-2 for bitcoin), and similar in privacy as monero (and instantaneous).

mettamage 1y ago
Does lightning work now? A few years ago, I remember they had quite some difficulties. Maybe I should brush up my knowledge.
- nunobrito 1y ago
  It is OK for small amounts like paying a coffee or a few cents. Not reliable for larger values.
  - Karrot_Kream 1y ago
    What's the "meta" like to find payment channels? That's the thing I found weirdest with LN, I needed to find a channel with enough funding. I presume the custodial LN providers just have their own payment channels?
    - littlecranky67 1y ago
      There is a sweet spot between custodial and self-custodial wallets: "non-custodial" wallets like Phoenix Wallet or Electrum. You keys, your coins - but expect higher fees (which are still way less than CC providers or other payment processors). No need to manage channels yourself.
      - Karrot_Kream 1y ago
        Interesting, they manage channels for you and charge some fees? Makes sense, I'm not averse to paying for convenience.
- digitalbase 1y ago
  It works but requires technical knowledge. I zap (on nostr) every day
- phaedrus30 1y ago
  [dead]
akimbostrawman 1y ago
Lightning is not anywhere near as private as monero. It's a band aid at best. If it was actually private it would get banned and suppressed like monero.
- irusensei 1y ago
  Then let’s write a nip and create a Nostr client that uses monero. What are you waiting for?
  - nunobrito 1y ago
    Already here: https://github.com/moStard-org/moStard https://github.com/moStard-org/moStard
- derangedHorse 1y ago
  This is just an ignorant take on the technology used: https://x.com/SuperTestnet/status/1917510496376197446 https://x.com/SuperTestnet/status/1917510496376197446 Monero has other things working for it though, like the absence of liquidity issues you might face using Lightning.
nunobrito 1y ago
It nowhere similar to Monero in privacy, because it was never private to begin with. Please read: https://bitcoinmagazine.com/technical/state-of-bitcoin-lightning-network-privacy https://bitcoinmagazine.com/technical/state-of-bitcoin-light... And attention that Monero isn't the only privacy coin in town, but it is the one that is without doubt more attacked by governments due to its privacy. You don't see the same treatment for neither LN nor bitcoin, instead you see governments supporting it. There is a big difference.
- littlecranky67 1y ago
  Your link is from 2022 - blinded paths are now here in lightning. Async- and trampoline payments are around the corner. The article is heavily outdated. I am involved in Lightning and run my own node - it is pretty much private enough for all sorts of micro payments for content creators. Not private enough for organized crime to move large sums, agreed. You also forget to mention the 51% attack monero recently suffered. Lightning is bitcoin based and way more resilient to that.
  - nunobrito 1y ago
    By all means, here is a study from 2024 documenting the hard facts about lack of privacy and lack of resiliency: https://www.sciencedirect.com/science/article/pii/S0308596123002070 https://www.sciencedirect.com/science/article/pii/S030859612... That 51% attack on Monero never happened, despite much noise and headlines saying initially otherwise. You can verify this for yourself.
    - littlecranky67 1y ago
      The paper does not state what you make it out to be (it sees theoretical privacy-lowering attacks, but not as you state it "lack of privacy"). Practical attacks are not even proven. And it - too - does not look into trampoline payments. Trampoline payments are a new feature that are not yet in a BOLT standard, but tried and tested in beta and used i.e. by Phoenix Wallet or Electrum.

deleted 1y ago

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