And honestly, that’s fine. I’d like a secure store of value for moving funds from “savings” (e.g. BTC) to “checking” (e.g. Monero). BTC is easier to exchange w/ fiat, Monero is privacy-focused and I only want to use it for purchases anyway.
So honestly, them supporting lightning isn’t particularly interesting to me. It seems Lightning has been cracked by the FBI, whereas Monero is likely still safe. If the FBI can do it, surely an interested third party can as well, and that’s not great.
shortwavesurfer@lemmy.zip 2 months ago
Based on most business readings, the idea that most transactions occur on lightning is kind of ridiculous. You see tons of businesses that accept both main chain and lightning published statistics every single month and lightning is extremely low adoption and is not increasing.
makeasnek@lemmy.ml 2 months ago
In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. Most transactions are on lightning by number of transactions. Maybe not by total value moved, but lightning is pretty opaque and grants additional privacy, so it’s hard to measure for that reason.
shortwavesurfer@lemmy.zip 2 months ago
Sure, but have a look at people actually using bitcoin or lightning to actually spend money on real goods and services such as at coin cards or cake pay or other services such as that and you will find that very very few people use lightning. Also, I am on Nostr promoting Monero. It is currently a Bitcoin safe haven but is slowly yielding to market forces as everywhere else is.