I was a bitcoiner, who dabbled in Monero for a time. I came to the conclusion that monero suffers scalability and the privacy that we have had on bitcoin for a long time now actually obsoletes the nee...
When you say stealth addresses you mean Silent Payments? Just curious if there have been new developments I'm not aware of.
Also, don't you think that moving most transactions off chain will reduce miner rewards and negatively impact the security of the network?
As for LN, I'll concede that it provides a good level of privacy, but the vast majority of users use it custodially. Also an oligopoly of big node providers basically controls the network. Comparing it to XMR is a bit like an appples to oranges comparison though. You have perfect privacy in Chaumean ecash too, but that's not relevant when discussing decentralized, noncustodial money. LN depends on a L1 with an uncertain future in its fee market and worsens its prospects moving the majority of transactions off chain.
Also, don't you think that moving most transactions off chain will reduce miner rewards and negatively impact the security of the network?
As for LN, I'll concede that it provides a good level of privacy, but the vast majority of users use it custodially. Also an oligopoly of big node providers basically controls the network. Comparing it to XMR is a bit like an appples to oranges comparison though. You have perfect privacy in Chaumean ecash too, but that's not relevant when discussing decentralized, noncustodial money. LN depends on a L1 with an uncertain future in its fee market and worsens its prospects moving the majority of transactions off chain.
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