Oddbean new post about | logout
 I often see LN users conflate Bitcoin adoption with LN adoption and I don't see it. LN has a fraction of acceptance with businesses vs on chain Bitcoin.

Everything has trade offs. And LN is not without it's share of downsides:

-illusion of final settlement (nothing is truly settled until on chain)
-relies on large middlemen nodes for succesful routing and cheapest fees
-need capacity to recieve to begin with
-can't send modestly large amounts 
-both parties must be online at time of transaction to transact
-can be rugged if your node isn't active (or trust to do it)
-bad receiver privacy and hidden balances can be discovered by a passive adversary
-can be force closed onto the base chain against your will
-ability to grief honest users with zero cost
-worst of all it isn't a real solution for scaling for all the things you downsides you take on

Monero lacks all the compromises of L2 and just works. Still not perfect, either, yes. But the trade-offs for what the original goals of Bitcoin were make more sense to me.

https://image.nostr.build/ce5fbe19fd498ed948ec66e2f91efb9dc8fcfd388f56a23c97735d9bb86d3460.jpg

https://image.nostr.build/5a409dca8ccb4b10f8879a4e7bc99137fc104cef5ce01fbdd8e3aad3724ebba0.jpg

https://image.nostr.build/8599b34eccd2f28fc56ee3a749ab7ac044d23a8dcff609020a9ded10f9677c43.jpg

https://image.nostr.build/06cc8e656fc2781f9323aec3bbde678ebde86eb0631414ca1db05b736c0445e0.jpg