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All of the pros - minus the inflation - also exist for Bitcoin-over-Lightning. Non of the cons exist for Lightning. Especially no waiting time. In lightning you
by littlecranky67 6mo ago
All of the pros - minus the inflation - also exist for Bitcoin-over-Lightning. Non of the cons exist for Lightning. Especially no waiting time. In lightning you can spend your received bitcoin after a split-second - no waiting whatsoever.
- KaiserPro 6mo ago> no waiting time apart from waiting for the confirmation, otherwise you're in double spend territory.
- littlecranky67 6mo agowhat you says applies to bitcoin onchain, but not lightning. Lightning settles instantly.
- Cider9986 6mo agoI had a terrible experience trying out Lightning. Could you tell me where I went wrong? I hit high fees converting to Lightning, and I hit high fees sending Lightning transactions. The problem with Lightning or Zcash is that it is not private by default. A private currency has to be private by default, with the option to share info on the transaction—that's Monero. Lightning is centralized, Chainalysis supports Lighning tracing—it does not support Monero tracing. You could get the same advantages of Lightning on Bitcoin by making a layer-2 solution on Monero. Monero beats lightning at layer one.
- littlecranky67 6mo agoFees are not part of the technological stack, but the economics behind the providers you chose. Just as with the Internet, you can host your own webserver or datacenter at home and run your own AS in your bedroom. But most people chose to pay someone to do that. Right now regulation kills all sorts of crypto (Monero included) and drives up prices because it is mostly startups that provide services around that, and they are crushed by the paperwork.