ChadXMR on nostr

Open in Damus

It's not centralized. i can run my node. i can hold my keys. And I don't need to be on the phone for 4 hours to try to get my my node to block a merchant from making withdrawls. Only to find out that ...

ChadXMR @ChadXMR 1774114606

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?

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It can get about as centralized as tor. Very few use case for opening a direct channel to a merchant unless you are building a routing node. You can, but the fees are almost free. When I was playing around with a lightning node a year ago I didn't notice any transactions with more than 3 hops. And...

This is interesting... https://eprint.iacr.org/2022/744.pdf Imagine 8B people using monero. The dynamic block sizes would be huge. Wich would make a full node out of reach for plebs.