Quote from: barto123 on April 10, 2024, 03:14:14 AM

Yes I think in a lot of way it's a failure, most Bitcoin maxis are in denial.

i just a saw tweet from a maxi telling people to use custodial lightning wallet - this is centralization. this is what we're trying to avoid. Goes against everything Satoshi envisioned

I stopped running a lightning node because it's not real user friendly, i lost funds, my channels got closed. it's not reliable enough to make payments (unless connected to large centralized nodes) & I don't trust it's privacy. of course, if this changes in the future, I may go back. Until then, i prefer onchain.

problem is there no privacy onchain, unless you're willing to put in a lot of work & discipline, Coinjoin is super expensive, time consuming, & it only obfuscates your transactions.

Bitcoin fees will likely skyrocket rise as the price rises. The cost to open a lightning channel will rise too.

To me, Monero is the next logical move to scale and get privacy (top 2 priorities). It has dynamic block sizes to scale, keep fees low & it's about to get a massive upgrade to privacy - will have a huge anonymity set. Will make Coinjoin look like a joke.

Also, it's the most used & widely accepted privacy coin online (#1 on darknet markets), has lots of support for wallets, there's plenty of options to trade P2P without KYC, various decentralized exchanges (more coming online), working atomic swaps too....it's a thriving network. almost no one is paying attention to. IMO it's the only one that has a real chance to flip BTC.

I agree with almost anything you said but I am not sure if monero is the next station for us who prefer decentralizated networks. It is because monero don’t compromise. It is fully anonymous and it is a good thing but sometimes we need need transparency too.

As you know (or maybe not), litecoin has recently upgraded itself and added Grin’s MimbleWimble algo which provides fully anonymous transactions.

Here is an article which you can learn more about it:

Quote from: https://www.elliptic.co/blog/explaining-mimblewimble-the-privacy-upgrade-to-litecoin

How is privacy achieved through MimbleWimble?

The implementation of Mimblewimble incorporated into Litecoin makes use of a number of technologies in order to ensure privacy:

•Confidential Transactions keeps the amount transferred visible only to participants in the transaction, while still cryptographically guaranteeing that no more coins can be spent than are available.

•CoinJoin acts like a mixer to conceal the sender of particular transactions, by combining multiple inputs from different parties into a single transaction.

•Stealth Addresses conceal the recipient of a transaction, through single-use addresses that cannot be seen on the blockchain without the corresponding viewing key. In Litecoin, these stealth addresses begin “ltcmweb1”.

Monero will never get widely accepted. The exchanges are delisting it and legit businesses don’t accept it.

I am not saying Ltc will succeed 100% since it shares something with monero (anonymous transactions) but it is optional make these transactions. The chances are way higher for litecoin and people are already using it more than any other coin on bitpay.