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Comment by null0pointer | Hacker News Reader

The main issue with LN is even more fundamental than that. Their argument against other scaling solutions was basically "if we scale on chain the hardware requirements will be hard for regular people to keep up and decentralization will suffer". So instead they went about and created a system where only the wealthy have the capital to commit to open enough channels and route payments. LN is almost totally antithetical to crypto in that it enables the creation of the very thing crypto sought to destroy; gatekeeping payment processors. Bitcoin was co-opted by Blockstream and co. who wanted to become Visa/Mastercard-like rent seeking middlemen.

Opinion part: Monero is technically superior to Bitcoin in basically every way.

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>Monero is technically superior to Bitcoin in basically every way

I see how this is true from a privacy perspective, but how does monero solve the issue of the blockchain eventually becoming too large for an ordinary person to run a node on their pc? the bitcoin blockchain is already several hundred gigabytes

As I said, that's just my opinion really. But Monero uses a dynamic block size. The hardware requirements will increase of course. But hardware becomes cheaper over time so the monetary cost of participation does not increase as quickly as LN where the cost of participation is capital directly.

RE: Monero, I agree. One shortfall - how do we verify no one on the network has found and exploited an inflation bug?

Good question, I don't have an answer for you unfortunately. I have seen people talk about this in the Monero community though so at least they're aware of the issue.

Monero is what everyone used to think bitcoin was.

Now that people are starting to realize what bitcoin actually is, and all the lies and misinformation are falling away, the world is gearing up to pounce on it and fully integrate it into society. People are rapidly realizing that it really is the internet of money.

Monero will still have it's place, but only as the dark money network.

I've actually become increasingly worried that Monero is at pretty significant risk of a nation state 51% mining attack, since it mines with generic CPUs. A government could rent out an AWS fleet to attack the network and if not kill it, at least add a lot of friction via this kind of DDOSing that temporarily blocks people and breaks interest, like they do with Tor services today.

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