Bitcoin developer Super Testnet argues that the Lightning Network is more private – and therefore better suited for darknet markets than Monero. In this episode, he breaks down all the nuances involved and defines good financial privacy.

Time stamps:

Introducing Super Testnet (00:00:48)Lightning on Dark Web Markets (00:01:08)Lightning Network Privacy Features (00:01:40)Analysis of Sender and Receiver Privacy (00:02:02)Onion Routing Explanation (00:03:07)Invoice Privacy Comparison (00:04:36)Transaction Visibility in Monero? (00:06:08)Information Storage in Lightning (00:07:12)Liquidity and Large Transactions (00:08:10)Amount Privacy in Lightning (00:09:34)Private Channels in Lightning (00:11:25)Routing Nodes and Privacy (00:13:59)How Monero Transactions Work (00:15:08)Encryption Standards in Monero (00:16:01)Recipient Privacy in Monero (00:17:54)Privacy Tech (00:18:52)Network Level Privacy (00:19:02)Tor Usage in Lightning Network (00:19:44)Routing Node Configuration (00:20:07)Dandelion++ (00:21:00)IP Address Association in Lightning (00:21:22)Encryption in Lightning Transactions (00:22:50)Monero's Network Privacy by Default (00:23:18)Chainalysis Video Reference (00:23:40)Remote Procedure Call Limitations (00:24:38)Custodial Solutions and Privacy (00:26:31)Privacy Advantages of Mints (00:28:08)Full Chain Membership Proofs (00:29:53)Encrypted Senders in Lightning (00:31:52)Comparison with Zcash (00:32:30)Barriers for Lightning Network Adoption (00:34:05)Exploring XMR Bazaar (00:35:02)SideShift (00:36:03)Paul Sztorc's Core Untouched Soft Work (00:37:14)Drivechains Activation (00:38:27)Ossification of Bitcoin (00:41:09)Concerns About Ossification (00:41:51)ZK Rollups Discussion (00:42:35)Citrea’s Zero Knowledge Proof Rollup (00:45:05)Community Concerns on Lightning Network (00:48:34)Chainalysis and Dandelion Protocol (00:50:23)LSP and KYC Privacy Issues (00:52:39)Receiver Privacy in Lightning Network (00:53:28)Phoenix Wallet Setup (00:54:15)Sender Privacy Concerns (00:55:30)View Key and Monero (00:57:10)Chainalysis and Lightning Network (01:02:08)Monero Tracing Capabilities (01:06:01)User Input Error in Privacy (01:07:02)The Lightning Network vs. Monero Privacy (01:10:56)Conference Plans in Romania (01:12:00)Monero Payment Channel Network (01:14:36)Full Chain Membership Proofs (01:15:21)Lightning Network and Sender Encryption (01:15:32)Stablecoins and Lightning Network (01:16:22)Monero Transaction Validation (01:18:05)Zero Knowledge Proofs in Monero (01:18:56)Bitcoin's Zero Knowledge Rollups (01:20:31Rollups and Bitcoin Scalability (01:21:04)Trojan Horse Concept in Bitcoin (01:23:46)Tornado Cash vs. Coinjoin (01:25:36)Coin Pool on Bitcoin (01:27:34)Darknet Market Listings (01:29:13)Nostr and Classified Ads (01:29:34)Privacy in Darknet Transactions (01:30:50)Risks of Direct Payments (01:31:54)Exploring Shopstr Listings (01:32:43)Comparing Shopstr and XMR Bazaar (01:35:00)Privacy Improvements in Shopstr (01:37:13)Lightning Network Developments (01:44:42)KYC and Banking Issues (01:48:24)Introduction to Bank Privacy Issues (01:48:59)Financial Regulations in Romania (01:49:48)Advice on Relocation for Financial Privacy (01:50:12)Intrusiveness of Banking Regulations (01:51:03)Personal Experience with Banking Scrutiny (01:51:34)Living Arrangements (01:52:13)Lightning Network Implementations Privacy (01:53:16)Privacy Implications of Lightning Wallets (01:54:03)User-Friendliness of Lightning Wallets (01:54:57)BOLT 12 and Privacy Claims (01:56:29)Improvements in BOLT 12 (01:57:09)Critique of BOLT 12's Privacy Features (01:59:30)Super Testnet’s Current Projects and Work Focus (02:00:15)Development of Mint Market Cap Tool (02:01:30)Title Transfer App and State Chains (02:02:30)Ensuring Security in State Chains (02:03:32)Nostr Wallet Connect Protocol (02:04:26)Creation of Faucet Generator (02:05:40)Creating a Testnet (02:06:36)State Chains Discussion (02:07:12)Prediction Market Concept (02:08:14)Project Backlog Overview (02:10:14)Super Testnet’s Music Career (02:12:29)Upcoming Conferences (02:14:39)Coin Pools Advantages (02:15:41)Planning Conference Attendance (02:17:25) Workshops and Commitments (02:17:56)Health and Fitness Journey (02:19:08)Should Bitcoin Increase the Block Size? (02:20:13)Soft Fork Proposal (02:21:04)Market Value of Transactions (02:22:47)Workshop Availability (02:24:02)Social Media Presence (02:25:14)Scams and Fake Accounts (02:26:02)Social Engineering Tactics (02:26:39)Money Requests Clarification (02:27:34)Social Links and Resources (02:27:58)Audience Engagement (02:28:28)Closing Remarks (02:29:01)