no bro, ecash replaces actual custodial in lighting network with a better private service, it has his tradeoffs and is a custodial solution for low amount.
It's a layer over bitcoin that laverages the value of bitcoin utxos and doesnt scam people crating a new insostainable digital value trending to zero over time (like shitcoins) and it doesnt require on-chain swapping. It could provide real utility if adopted for a private cash-like hot wallet use case.
Whats the use case of monero? Attending that the money vanish going to zero? Attending that the next hard fork will end it at all? Swap periodically in bitcoin, so paying in the end more on chain fees? Or attending that finally monero is adopted and people really start using it; oh whait, at this point the 16 signs per tx would explode the utxo set and grow the blockchain making it unverifiable with normal PCs... Hopefully to solve that the guys are rushing for the next non-retrocompatible consensus hardfork full of experimental stuff that will be absolutely bulletproof to bugs and unintended conseguences, like the last great idea of p2pool and splitting miner payments in so little tranches reducing the anonset of transactions even less then before if it was possible...
ponymontana🦄⚡
npub185p…36k8
2024-06-09 23:00:23
in reply to nevent1q…jn0j
Author Public Key
npub185pu2dsgg9d36uvvw7rwuy9aknn8hnknygr7x2yqa60ygvq6r8kqc836k8Published at
2024-06-09 23:00:23Event JSON
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"content": "no bro, ecash replaces actual custodial in lighting network with a better private service, it has his tradeoffs and is a custodial solution for low amount. \nIt's a layer over bitcoin that laverages the value of bitcoin utxos and doesnt scam people crating a new insostainable digital value trending to zero over time (like shitcoins) and it doesnt require on-chain swapping. It could provide real utility if adopted for a private cash-like hot wallet use case. \nWhats the use case of monero? Attending that the money vanish going to zero? Attending that the next hard fork will end it at all? Swap periodically in bitcoin, so paying in the end more on chain fees? Or attending that finally monero is adopted and people really start using it; oh whait, at this point the 16 signs per tx would explode the utxo set and grow the blockchain making it unverifiable with normal PCs... Hopefully to solve that the guys are rushing for the next non-retrocompatible consensus hardfork full of experimental stuff that will be absolutely bulletproof to bugs and unintended conseguences, like the last great idea of p2pool and splitting miner payments in so little tranches reducing the anonset of transactions even less then before if it was possible...",
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