Herr Urlaub⚡💜's avatar
Herr Urlaub⚡💜 urlaub@nostrplebs.com 1 month ago
There is no competition. ​BTC 🍏 XMR 🍐 ​Bitcoin is the new digital element. The discovery of digital scarcity. Monero is a technology that acts as a Privacy Sidechain for BTC on demand. Through Atomic Swaps, you store wealth in BTC and use XMR as a private rail. ​But technology evolves. ​Newer solutions like E-Cash (Cashu/Nuts) or Lightning Privacy (Bolt12) offer better UX and native Bitcoin integration. E-Cash even enables offline trade, which a blockchain like XMR cannot do. #​FreedomTech will change constantly. 💜 The base asset #Bitcoin remains forever. 🧡
↑ Parent

Replies (6)

Ava's avatar
Ava ava@nostrplebs.com 1 month ago
Except it really doesn't. Lightning is nowhere near as private as Monero—Monero doesn't need a layer 2, and Ecash isn't Bitcoin and it's custodial. "Bitcoin backed" != Bitcoin. On lightning and privacy. View quoted note →
Ava's avatar Ava
Just a heads up for those of you who shout "shitcoin!" when I mention Monero, and at everything that's not Bitcoin. **Cashu** is **eCash**. **It is NOT Bitcoin.** **Fedimint** uses Bitcoin and eCash tokens (referred to as fm-BTC or fm-sats) within the Fedimint system. "The money "fm-BTC" held by the user are actually "digital bearer certificates" or "eCash notes" stored on the users phone." I urge you to get over any parroted monolithic toxic BTC ideology you may still be holding to. eCash/Cashu likely has its place as a more private, non-techy custodial solution on top of BTC, though it does come with very real risks of custodial rugpulling and malicious actors. **It is NOT Bitcoin.** Monero doesn't need a second layer; it's time tested and private by default on a protocol level. Stack sats, test L2/L3 solutions, use Monero. Thanks for coming to my TED talk. #cybersecgirl *edited for clarity. 🫡
View quoted note →
4 replies ↓
Matt - Just mute me, bro.'s avatar
Matt - Just mute me, bro. matt@gitcitadel.com 1 month ago
Assuming ecash delivers it's privacy promises, I'd rather use it like a small cash wallet than deal with Monero. Monero was an absolute miserable pain in the ass to actually use back when I gave it a go. It took me a very short time to realize it probably wouldn't end up being meaningfully adopted. At this point, I feel better off just using the various Bitcoin tools. Youre never going to fit it all into a single layer. Maybe things have improved UX wise, but it would have to be a massive improvement for me to deal with it again. I'm curious how many people are actually using it like I am Bitcoin today. I see all the puritanical arguing on here, but I mean actually using products where you can have your fiat check land as Bitcoin and spend it using on chain, Lightning, or ecash. Or using something like Bill pay from Strike, gift cards bought with sats, etc for fiat bills. How big is that ecosystem in comparison now?
2 replies ↓
Matt - Just mute me, bro.'s avatar
Matt - Just mute me, bro. matt@gitcitadel.com 1 month ago
And I'm very unlikely to store any meaningful amount of wealth in Monero so I'm still just swapping in and out of something else anyway. I'm not sold on it. The UX lost me to Bitcoin. The ecosystem wasn't nearly as good, in my opinion. It feels like a dead topic to me. I'm much happier just using something Bitcoin related to maintain consistency in UX.
1 replies ↓
ThatWhichisNotSeen's avatar
ThatWhichisNotSeen 1 month ago
Its super confusng when you call back on old threads...i end up commenting on something from a year ago 😂 Not really your fault..maybe more amethyst's layout
↑