Aren't we already moving away from Lightning to Cashu?

Yeah, that's proving the point. Cashu is custodial.

Cashu mostly runs on Lightning, its a Layer 3. It could be used as an L2, for bitcoin or something else (#monero ?), but code would need to be written

It’s still custodial and able to be a rug pull… Monero doesn’t need anything like ecash/cashu

It is, and Monero tx fees are pretty low right now - but as it continues to gain adoption, fees will rise. Cashu enables microtransactions and zaps for small amounts. Its not essential, but it can be fun, and a good way for newcomers to get a taste of freedom at trivial cost. Yeah, its custodial (but trivially anonymised), but that just means a different threat model - its small change in a pocket, not a wallet.

Again xmr doesn’t need anything like ecash/cashu… its point less tbh

Nostr is centralized the same way LN is. Nobody is running their own relay. Or? Are you?

Just because something is bad, doesn't mean other things should be bad too. This statement is ungodly stupid and ignorant

That is the only explanation for Cashu that makes sense to me. But I worry that people will get comfortable with it and forget this, especially if it's mass adoption we are talking about. Although an easy fix would be to hard code a limit for your total balance.

Zeus has built in sweep functionality

Some people are running their own relays, I am not yet. Maybe one day. Is running a Nostr relay easier than running a lightning node?

Idk, does anyone use cashu for zapping yet?

Minibits

Exact

I have been playing with raspiblitz LN node for ~2 years. I got to relatively high ranking routing node, but it was quite a journey to set up + up to 1h a day job, just to sustain that and I earned a few sats... If you want to run LN node just for yourself (and your rl friends) to zap on nostr then it would be quite easy and comparable to running small wot nostr relay (but I am not sure if there is such implementation yet) - if you have some Linux sysadmin skill of course - my brother was running umbrel LN node with no sysadmin skill - just google/ai though If you want to run routing LN node and be profitable - it is difficult because of the issues with managing liquidity. But running public nostr node is probably more difficult due to bots and it is also difficult to be profitable.

You received my zap quite fine :D

Fees will always remain relatively low on Monero because of dynamic blocksize. But I do think ecash has it's own unique benefits for a different use case like micro transactions, no public blockchain, instant and offline payments, etc

Don't know this. Interesting design choice. Is there a two-line description of how that works, or would I need to do a deepish dive (which I likely won't do)?

Didn't *

eeehhh it gets pretty complicated pretty fast. basically if miners increase the blocksize, theres a penalty on the block reward. so there have to be enough fees to make it worth it for them the simplest description is probably this one

LocalMonero

How Monero Solved the Block Size Problem That Plagues Bitcoin — LocalMonero

Whenever individuals discuss the problems with blockchain, one of the first words to pop up will be 'scaling'. Monero sets itself apart in solving ...

Thanks. This is short but still a bit late for me to read. Will come back to it tomorrow. I'm sure you're familiar with all the usual arguments for small fixed-size blocks, and woulda guessed you agree with most of them, so will be curious to see how this works

night night

Good night. soon 🌝

The blocksize grows or shrinks based on median number of transactions is pretty much the gist of it. There is a penalty against miners for increasing it too fast and a short, medium, and long term formula for how it works but that gets into the technical weeds.

Node cost and runners be damned, eh? Jk, not gonna jump to conclusions. Hanshan gave me a short reference I'll look at. Good to see you around saber. Checked pubkey other day for first time in months. You're one of the few people I saw there. Pretty dead though, even by nostr standards lol

It is a trade-off for sure. Probably an unavoidable one. In Moneros case increased transactions mean node runners pay (in storage and bandwidth cost -> affects decentralization) less people willing to run nodes. In Bitcoins case limited blocksize mean users of the network pay in transaction fees. The way I look at it is if the network is too expensive to use those users aren't going to run a node anyway (who is going to run a node for a network they can't afford to use or don't use often?) which also affects decentralization. Both arguments are valid imo. Maybe there is a balance or a better solution will be discovered down the road. And about Pubkey yea it's fairly small and I'm not on there often but think it has a lot of potential still. Maybe more people will use it once it isn't invite only anymore 😅

I never looked into the technicals any, but strictly from a userbase pov it's not drawing me. Not gonna hate on it though, clearly some thought and money was spent on it. Nice summary. I've read enough about small blocks and cheap nodes, so I'll inevitably be biased, but this is interesting as I assume it's been a fertile ground for quality discussion.