I spend a lot of time analyzing the different privacy methods that currently exist in bitcoin, including Monero as a privacy tool.
There is nothing that convinces me 100%, they all have counterparts.
All of these include:
- Lightning network
- Liquid network
- Swaps
- Coinjoins
- eCash
- Statechains
- Monero swaps
- combination of the above.
It is not that they are not effective but they have trade-offs such as:
- some have little protection from a state actor.
- expensive
- complicated for the average user
- Some are unusable for the plebs in high rate environments
Everything has trade offs 💯
Pls explain how to use Lightning and how that might protect u
The sender has a lot of privacy from Lightning as long as you route.
- open a private channel with a node to which you never make direct payments. The receivers will never know where the money is coming from.
With receiving it is another story, you have to use combination of techniques to get privacy until bolt12 is not fully implemented.
I understand you too well ... btw: I have the same feeling with no kyc options (with the exception of cash by mail)
could I clarify from your post: would you recommend monero as secure and privacy focused?
On its own I never recommend Monero because you will lose purchasing power.
I only recommend Monero as a privacy tool.
For example receive in Monero and immediately make an atomic swap, or when you are going to spend make a swap from bitcoin to Monero and spend.
But it is not economical.
legend! ty — very insightful 💯☺️👌
Can you recommend any good non-scam no-kyc Lightning <> Monero exchanges?
Keep an eye on FIRO, mate 8)
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