Just like paying with gold isn’t practical for everyday use, paying with Bitcoin directly on-chain isn’t either. That’s why we end up with different trade-offs and approaches trusting companies, using protocols, or mixing both.
The main thing that matters is that the on-chain layer can’t be censored and stays decentralised. If we want global payments to work for everyone, in my opinion there’s no way around taking responsibility for those trade-offs ourselves.
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For what we have payment stats for now, today, not some hypothetical future of "mass adoption" we find piss poor lightning adoption. On-chain still smokes, despite much higher fees and slower speed. Maybe one day it'll magically flip? Maybe if Bitcoin is 100% custodial, then we'll see some real lightning UX improvements and efficiency.
Alright I talk about stats a lot so time to bring in the reciepts (note that I don't have X so these are the latest I can find with search engines):
ShopinBit: https://x.com/shopinbit/status/1978715781744472132
69% Monero
28.89% Bitcoin
0.19% Lightning
This is literally the tagline on the website, they only mention Bitcoin: "A privacy-first service for ordering anything with Bitcoin & crypto, worldwide. No login or extra verification needed"
NanoGPT:
https://x.com/NanoGPTcom/status/2007149007286554956?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2007149007286554956%7Ctwgr%5Ee2c7e07f527f0d9cb4b05b4fb76f29b0d3f3070c%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnano-gpt.com%2Fblog%2F2025-year-in-review-payment-stats
44% Monero
18% Nano
13% Bitcoin
Cant really see it doesn't have a number but maybe 1 or 2% lightning
Numbers from December. The website is focused on Nano and offers a 5% discount in Nano compared to all over currencies. Monero still dominates.
Coincards:
https://x.com/CoinCards/status/1709306835126386976
Latest is only from Oct 3,2023 mind you yet we find:
32.82% Bitcoin
32.22% Monero
2.4% Lightning
Woohoo Bitcoin wins! Wait by 0.6% on a site focused and advertised with Bitcoin 2 years ago while bitcoin supposedly has 20x the market cap. Curious to see the stats now.
From these stats (ignoring even darknet market dominance) I make the assured and certain conclusion that the free market PREFERS Monero as a medium of exchange. I challenge anyone to refute this I'd love to hear counterarguments or counter evidence most importantly.
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