Damus

Recent Notes

PilgrimB · 1w
at the protocol level, all bitcoin is treated the same, so it’s fungible in that sense. Any “non-fungibility” comes from how people or institutions choose to treat certain coins, not from Bitcoin itself.
goatmeal · 1w
when the buyer requests to purchase something, can you inspect the buyer, decide he looks like a bitch, and refuse to fill the order? what do you see?
goatmeal · 1w
have you (or your friend's pet hamster) ever actually needed to use this process and how did that go? is there room to exercise discretion over which buyers you will accept for an order? are there distinguishing marks that make you not want to fill an order for a buyer?
PhⒶntom · 1w
Maybe. But he is not actually a "system-hoe", unless something happend I am not aware of. Also possible
Justin · 2w
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...
ChadXMR profile picture
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 👍
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Justin · 2w
Look at cake wallet. They use breeze sdk for there lightning implementation. It's self custodial and works automatically in a few clicks. The only trade off is that you are locked in to a lsp for liquidity. But you can recover on chain (force close) if they misbehave.
Justin · 2w
I don't think the question is monero vs btc-lightning. The question is monero vs monero with xmr-lightning
Justin · 2w
Tor is centralized to the extent that exit nodes are limited. The architecture is similar to the lightning network.
Justin · 2w
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.
ChadXMR profile picture
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...
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Justin · 2w
Right click the link and open it in tor browser. It's a white paper about a lightning network on top of monero. In the future we not have to choose..
Justin · 2w
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...
Justin · 2w
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.
Justin · 2w
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 the block only lasted for 15 months and to have them charging my card aigan. (My actual experiencing...