Oddbean new post about login | logout Monero vs Lightning (with bolt11 blinded path for the receiver) Monero: - Sender to know the sending address. - The receiver knows that the sender is between 1 of the 16 addresses. - Record is kept in the blockchain - The amounts are hidden Lightning: - Sender does not know where the payment is sent. - The receiver does not know where the payment comes from - The amount of the payment and the receiver are encrypted. - No record is kept in any blockchain From here on there are many attacks that can be applied to Monero as well as to Lightning, but this is the initial situation.
LN Bol12.. não a comparação L1 com L2
Listen to the undercover CIA agents who tell you that Lightning is not private and use a blockchain. AMP + MMP + Blinded Path (BOLT11 or BOLT12) is a big pain in the ass for chainalysis and more things to come. nostr:note1jazkf6wnxzezudx6dsngahs7xlknpyhr3utgj26kjl35jgu6knlsh5kkea
To send transaction on Monero: - Open wallet - Scan/paste receiver address - Eneter amount - Send Lightning: - Create a node - Open at least one sending cahnnel (pay the on chain fees) - Hope that you haven't messed any of the settings and everything goes through - For some unknown reason get a channel with less money than the one you opened - Open wallet - Scan/paste receiver address - Eneter amount - Send You see what I am talking about?
Oh and I forgot that there is a possiblity that the other node goes ofline and you lose access to your funds
You have not used Zeus.
I do. The opening channels part still applies
If you use their lsp Olympus does everything automatically and the channels are 0-conf, i.e. it opens immediately, so what you say is false.
Isn't olympus basically a node ran by them? So that makes non self custodian
Do you understand the term "open a channel with them"? You have custody of your channel.
I don't understand what olympus is and how does it work. Is it basically a node that you connect to and it opens channels to other nodes you want to open channels to? If it works tjat way it still has the problem that it is centralized (if you only oprn a channel with them and not anyone else).
Maybe if you're using paper and pencil to send via Lightning, but contemporary lightning wallets handle all that shit. You literally just paste your invoice and hit send. And wallets like Breez handle all the channel BS on-the-fly in the background without any user intervention.
Full-Chain Membership Proofs (FCMPs) will replace rings in the Monero protocol to significantly improve sender privacy. FCMPs will prove the output spent is one of any output on the chain, effectively removing risks associated with rings. This will increase the anonymity set from 16 to 100,000,000.
Full-Chain Membership Proofs (FCMPs) will replace rings in the Monero protocol to significantly improve sender privacy. FCMPs will prove the output spent is one of any output on the chain, effectively removing risks associated with rings. This will increase the anonymity set from 16 to 100,000,000. nostr:nevent1qqsfw3tya8fnpv3wxndxcf5wmc0r0mfsjt3c795f9dtf0c6fywdtflcppemhxue69uhkummn9ekx7mp0qgs0eac2gh86s9l24qfmnw52xawhz0f3d862yleaetpafygjmanaxlsrqsqqqqqpwmpr6f
Monero fan bois in disbelief
:its_over: it's over
Yes, the Monero address you give to the sender is "known" (just like the invoice string you give to the sender for lightning is "known"), but it's unlinkable to the one-time stealth addresses that appear on the blockchain. Functionally the same thing. Looking forward to FCMP++ replacing rings signatures and potentially bringing an L2 on Monero. One thing I like about lightning is it doesn't have a permanent public global ledger.
Embrace the privacy that Bitcoin offers at layer 2 and forget about shitcoins. nostr:note1jazkf6wnxzezudx6dsngahs7xlknpyhr3utgj26kjl35jgu6knlsh5kkea