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Guaranteed Crypto Loss. (www.citizen.org)
submitted 8 months ago by Dot@feddit.org to c/technology@lemmy.world
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[-] shortwavesurfer@lemmy.zip 3 points 8 months ago

Two big issues with lightning network are that channels appear to get force closed for no apparent reason and most lightning wallets are custodial lightning and so you don't actually have control over your money and doing it in a self sovereign way is quite difficult for the vast majority of people

[-] sugar_in_your_tea@sh.itjust.works -4 points 8 months ago

Right, but it can be used privately, which is my point.

But yeah, I think Monero is the better option for the reasons you mentioned, as well as the development focus being on private transactions, whereas Lightning is about fast, cheap transactions. So Monero is absolutely my preference for purchase transactions.

[-] shortwavesurfer@lemmy.zip 2 points 8 months ago

Monero is also just quite a bit easier since it is on layer one where lightning is a layer two solution and introduces more complexity.

this post was submitted on 28 Oct 2024
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