Oddbean new post about login | logout One of the reasons I prefer Monero. It just works.
No throughput problem right?
It has the same throughput problem like Bitcoin, but has no L2 network yet. At the moment it’s not a problem at all, but it will become one, so we will need something like Lightning Network as well.
So it “just works” because nobody uses it currently and there isn’t too much demand for blockspace. Got it. Also, monero is not very structurally compatible with an L2 like lightning.
>nobody uses it bitcoin maximalists are such dishonest people
@hundehausen was the one that said it when he admitted it had the same throughput issues that Bitcoin has, but hasn’t reached its limits yet.
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This isn't true. Even if Monero had the traffic of Bitcoin fees would still be very cheap because of dynamic blocksize.
With a large burst of demand, in the short term, the fees could spike on Monero, but long term the fees would continue falling even if the demand was sustained because of dynamic blocks. The same thing cannot be said of bitcoin. Fees will rise with demand long term and will not fall because blockspace is limited and inelastic.
And wait for your wallet to sync each time before being able to “zap” No thank you Maybe zcash* but moneros sync to send is a real issue *zcashs new update lets you send before a full network sync 🍻