Sorry, usually people don't want to learn and I have to deal with trolls, they pay the just for sinners.
The zeus lsp prevents you from having to manage channels, in case you don't have enough incoming liquidity it automatically opens a channel for a fee.
The funds are still guarded by you, it is only a channel for you to have incoming liquidity, it is also 0conf so the opening is immediate, on the other hand it also adds privacy, that when receiving use wrapped invoices that prevent them from knowing which is your node, in this case your wallet. You also have privacy when sending since everything is routed through the LSP.
Okay then. As I have said this still adds one step that can be avoided with any L1 crypto. And the fact that with any other crypto all you have to do is remmember 12 words to fullh recover your funds but with lightning you need to have the 12 words, the hsm secret and all the channels (the second and the third one you cannot really write down on a paper) makes it harder for journalists, especially if they are using something non persistant like tails
There are no more steps that you have to do, it is transparent to you.
In monero if you want to receive money and you have 0 balance you simply give your address.
Same with zeus, there is no extra step on your part with their LSP.
On the other hand, zeus makes the copy of the channels in their encrypted lsp server with your seed phrase, you don't have to worry if you are a person who lacks the knowledge as an activist.
What do you exactly mean by "zeus makes the copy of the channels in their encrypted lsp server with your seed phrase" ? I was thinking a second they have your private key but of course it shouldn't be that ?
To receive? Yes, there is no more steps. But to send there is. Which is the important step since to use the money you have to send them. And hsm still has to be backed up on some kind of digital storage that can get confiscated at any time.
You are a troll.
What step is there to send?
In monero scan an address.
In ligtning scan an invoice, or a bolt11 code, or bolt12, or a lightning address.
Use whatever you want, but accept it, lightning is more private than monero and nowadays as easy to use as monero.
With the introduction of ARK there won't even be any more problems of liquidity and perfect privacy. Monero is not even scalable and has the problem of hidden inflation. Good luck.
You still have to open a channel to the lsp if I underatand correctly whivh still vomes with all the downsides I mentioned in my first comment. Correct me if I'm wrong
The real advantage is not needing to exit your preferred store of value just to transact quickly & privately.
Doesn't Zeus LSP require a minimum deposit + extra fee (besides LN fee)? Monero requires neither
Correct me if I'm wrong, but afaik wrapped invoices give you privacy from the general public, but not from the LSP. With Monero there is no third-party that you aren't private from.
Your first statement is correct, although you would only have to pay if you have no incoming liquidity.
In the second statement, in the case of wrapped invoices, the LSP does indeed know who you are when you receive payments. This has been a little trick before we had BOLT12 or BOLT11 with Blinded Paths.
And I have stuck to the Zeus defaults so that the user does not have to deal with the configuration.
However all these limitations will be removed by ARK.
I won't deny that monero has less friction than Lightning, but I won't deny that Lightning has even more privacy than monero well used, and as I said with ARK these frictions will be eliminated.
Monero offers good baseline privacy but there is still registration on the blockchain, you still have privacy issues at the network level, you have the problem of hidden inflation, and scalability problem that affects decentralization.
So Zeus LSP can only see what you receive, but with blinded paths they don't know who you sent to correct? And Zeus has blinded paths by default now?
Yes, trade-offs abound everywhere I agree. The good thing about the adversarial attitude between both Lightning and Monero camps is leading both to develop better privacy and UX (BOLT12 and FCMP)
Thanks for info
Zeus can see what you receive if you use his LSP with the invoices wrapped.
If you use their LSP with BOLT12 or BOLT11 with blinded path (this is the latest version) the LSP cannot see what you receive.
At the moment neither BOLT12 nor BOLT11 with blinded path are enabled by default.
Tell me if this correct because im slightly confused
LSP perspective (with blinded paths):
? -----> You
LSP can see amount you received, but NOT who sent it
? <---- You
LSP can see the amount you are sending, but NOT to who
Is this correct? Or are you telling me the amounts are also hidden from the LSP? (but I find that confusing because they are providing liquidity to you so must know exact change in their liquidity when the transaction occurs, no?)
The lsp with the blinded path knows the amount that is sent to you, but does not know where it comes from and does not know if it is the last hop, maybe I have expressed myself wrong.
The sender will never know where the money goes with the blinded path, but with the wrapped invoices the sender will know that it goes to the Zeus LSP but not the final node, but the LSP will know that the money is for you.
If you don't use any of this the sender knows which node the payment goes to.
For privacy "no data" is better than "permanent encrypted data". I do think LN is currently developing in a good way. Also more devs taking care of privacy is better. More competition is better than no competition.
I would use it, like I would use MWEB with LTC, and CashFusion with BCH.
I still would prefer to fund my lightning transactions with Monero.
But let's be honest. The main problem currently is not the privacy within the mentioned systems, but interacting with fiat surveillance shit companies that do not accept LN, MWEB or XMR transactions. The problem that hinders privacy the most is stuck adoption.
And without rapid adoption they will close the avenues for merchants. They bankrupt the small and midsized companies and dictate the conglomerates to only accept transparent coins.
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