Nostr Archives

Because it means one can safely store money in Monero while spending via lightning where Monero is not available?

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Yes. Swapping opening up access to a lot of vendors in both teams to make private purchases with one another. Especially helpful at this current moment since on-chain BTC privacy features like Silent Payments are seldom adopted except for Cake Wallet and partially in Sparrow Wallet. SP to XMR swap far less likely to be than XMR/LNBTC as of right now.

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Final13d ago

XMR can be difficult to receive for new users. Having a lightning address to receive funds that can be swapped is significant. Lightning is very popular amongst smaller purchases and online stores. I buy a fair amount of living resources using ZEUS. I mention Nostr specifically since Nostr is almost entirely oriented around Lightning. Nostr clients oriented around other assets are often lesser maintained and more risky. These clients are a security haunted houses to begin with. Better to have some sort of LN address to receive and then swap for people into that imo.

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Final13d ago

It gets people to gateway into Monero far easier. A lot of concepts people are familiar with in cryptocurrency spaces do not exist or matter in Monero either due to a different climate or technical differences. You definitely have to be a more technically inclined and aware person to use XMR (this can also be considered a merit) so I think having swaps to/from assets with greater mini economies greatly decreases the entry barrier.

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UnchartedMind12d ago

Because Lightning is (realistically) ONLY usable in a custodial manner, and because no vendors want to deal with Bitcoin's volatility. Businesses will soon be adopting USDC bacause of it's financial advantages over tradfi and because they are familiar with the dollar, AND (unlike Bitcoin) because it is rapidly being sanctioned by the US government (genius / clarity). So the flow will be Monero to USDC (or perhaps Zano's USDCx). But lightning is a massive, complicated, centralized fail that is only being supported by Bitcoin capture fiends like the Jack off twins, Dorsey & Mallers.

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Eede3d9…79538212d ago

I doubt it. Spark is a bandaid. Is it worse than on chain BTC from a privacy perspective? Likely not. Therefore it increases the reach of my privately stored Monero, when I am ready to give up custody anyways, namely when I want to buy something I can not buy with Monero directly.

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Final12d ago

This comment, but I'm mostly talking about recieving funds online. A monero user wouldn't store any funds in Lightning, they simply swap what they recieve into Monero or swap out to make a transaction immediately. If I had problems with swap services or Spark knowing too much I'd roll funds out to other wallets. This is including both the LN or XMR side. For a long time I off-ramped zaps into other LN wallets or swapped them already.

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