But knowledge is useful. State chains introduce SOME trust. And the convienence and success rate of payments via WoS make the tradeoff worth it for me for small amounts.
https://stacker.news/items/1251232I saw a kerfuffle about this on Twitter. My first thought was, "well isn't Bitcoin completely transparent anyway?" I understand that LN comes with some advantages in terms of privacy and these advantages are being lessened by the wallet tech. But it seems like a worthy tradeoff IMHO.
I agree the trade-off is worth it to me but people aren't really aware of that trade-off and it's interesting because what's happening in the underlying wallet is some pretty interesting voodoo.
I'm more excited that layer twos are reaching new levels of maturity because of this type of tech, even if the trade-offs can bring some negatives.
On the exact opposite of this continuum would be cashu, which may be the most private way to use Bitcoin period, at least under the right circumstances, which would be a large, active mint that is extremely trustable. Because although that protocol affords you tremendous privacy, it also requires you to trust the mint, just like a bank, except for it can be a bank run by one person and you have no idea who they are. 😁
But as we're seeing, combinations of all this new cryptographic technology are going to lead to Bitcoin being used in ways that we could only dream of just a few years ago.
