/biz/ - Business & Finance

>>53825739
The issue isn't swapping Monero for LN invoice is bad for the person holding Monero. We already know this and can do this for other cryptos. Some of us hold some crypto wealth in Monero and take advantage of this usecase.
The issue is that you are shilling LN, which is in itself retarded. For LN to succeed, it will have to become more centralized and censored over time. LN can't possibly work without more centralization and more surveillance. It will literally require liquidity channels, because if Bitcoin were to increase in usage to a point where LN is necessary, it would be much harder to buy real Bitcoin and swap into the LN as opposed to just buying LN because of high fees. Therefore, normies will then just buy LN invoices instead of buying Bitcoin, and as we all know they will take the path of least resistance and go KYC the entire way. We are already seeing this with the most used apps and most used channels of LN, and it will only get worse.
"Chaumian ecash" doesn't solve this. Self hosting your own relay won't solve this. "Submarine Swaps" doesn't solve this. If Lightning Network is actually adopted on a massive scale, it will be completely pozzed because unlike Bitcoin's base layer, it can be completely controlled. And if you think there is going to be a future where you can go buy coffee with LN and it wouldn't be completely cucked by regulations then I don't know what to tell you.
But on another, and more important note: THERE IS NO REASON TO USE LIGHTNING NETWORK.
If I want to use Bitcoin, I will just use Bitcoin. Simple as. This is why Lightning Network adoption is so completely terrible. Why go through the process of learning all of this new stuff when I can just use Bitcoin for the same affect? It's safer, more battle tested, far less buggy, and I can accomplish what you are saying with simple swap services right now (e.g. xmr > BTC). The cost of using submarine swaps would actually be higher than just using Bitcoin as is currently.

>>50951974
It's none of her business and she doesn't deserve you anon.

>>49715623
Because I want to hold hands with monero-chan.