Here's a few reasons of why Monero over Lightning
Usability:
-you need to have sufficiently funded channels to be able to even receive or send to begin with (very inconvenient, unintuitive, and annoying)
-limited in the amount you can send without your transaction failing
-can't transact without both parties being online at the time of transaction
-can be force closed onto the base chain against your will negating the benefits
Security:
-can be rugged if your node is offline
-ability to grief honest users with zero cost
-recent unresolvable critical security issues discovered that cannot be fixed without base layer changes
lists.linuxfoundation.org/pipermail/lightning-dev/2023-October/004154.html
Privacy:
-bad receiver privacy, IP is exposed by default, and hidden balances can be discovered by a passive adversary
-centralization of massive routing nodes negates/reduces any help from onion routing
-relies on large centralizing middlemen nodes for succesful routing and cheapest fees (incentives opposite to decentralization and privacy)
Any solution to these so far usually come down to custodians or trusting someone else.
Worst of all lightning isn't even a real solution for scaling bitcoin for all the downsides you take on:
https://www.truthcoin.info/blog/lightning-limitations
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2023-11-30 07:50:07
in reply to nevent1q…3qhr
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2023-11-30 07:50:07Event JSON
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"content": "Here's a few reasons of why Monero over Lightning\n\nUsability:\n-you need to have sufficiently funded channels to be able to even receive or send to begin with (very inconvenient, unintuitive, and annoying)\n-limited in the amount you can send without your transaction failing\n-can't transact without both parties being online at the time of transaction\n-can be force closed onto the base chain against your will negating the benefits\n\nSecurity:\n-can be rugged if your node is offline\n-ability to grief honest users with zero cost\n-recent unresolvable critical security issues discovered that cannot be fixed without base layer changes\nlists.linuxfoundation.org/pipermail/lightning-dev/2023-October/004154.html\n\nPrivacy:\n-bad receiver privacy, IP is exposed by default, and hidden balances can be discovered by a passive adversary\n-centralization of massive routing nodes negates/reduces any help from onion routing\n-relies on large centralizing middlemen nodes for succesful routing and cheapest fees (incentives opposite to decentralization and privacy)\n\nAny solution to these so far usually come down to custodians or trusting someone else. \n\nWorst of all lightning isn't even a real solution for scaling bitcoin for all the downsides you take on:\nhttps://www.truthcoin.info/blog/lightning-limitations",
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