this post was submitted on 09 Jun 2024
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Nostr is very promising : https://nostr.com/
Associating with crypto-fraud is a hard no for many users (I am referring to Nostro which was developed by a crypto-bro).
Replying to this comment so people don't get put off by it. Nostr has an optional feature where you can tip other users using Bitcoin lightning. So if you like their post, you can send them .001c or $100 or whatever you want. You don't have to use it though. It's valuable IMO as a way for content creators to get paid and will be a key driver of content creators choosing to use it over other platforms, but to each their own. You can also dedicate a % of your tips to your nostr relay or app to supporting hosting and development.
Crypto is full of garbage and scams, Nostr uses Bitcoin. Bitcoin has been around for 15 years without a single hour of downtime, a single hack, or a single broken promise. Whatever you don't like about "crypto" is probably actually other stuff that isn't Bitcoin. Bitcoin is a way to transfer coins around the world quickly, and it works, and nobody can print away the currency's value by inflating the supply. It has a trillion dollar market cap for a reason, which places it in the top 25 countries by GDP.
Yeah, if they used monero instead of lightning would be a better option for the user. Not a lightning fan. Layer 2 solutions seems a waste of time and money for me, lightning included..but well, that's the result of the blocksize war.
You can either increase blocksize (and therefore decrease decentralization) or build L2s. Look at ETH with their big, frequent blocks. You can run a Bitcoin node on a 10 year old laptop, good luck running an Eth node with those specs. You need at least 1TB of space, and it's gotta be SSD, and you need a pretty fast processor. Which is why many Eth nodes are hosted in corporate datacenters, over half the network. You can split hairs over what counts as a "node" etc but the end result is the same: increased centralization due to large chain size/requirements.
Monero doesn't need L2s yet because it doesn't have the transaction load to fill up available chain space enough to impact decentralization. Long-term, we cannot store all transactions on every node and do that forever. Small txs do not belong on chain. I love XMRs approach to privacy, it will need L2s at some point. Or pruning, which comes with some significant tradeoffs.
Yeah you're probably right about that, I'm no expert and this make a lot of sense ..I hope to see XMR face this transaction load issue..that would mean more people using it