This is with my old bass, but you get the picture:
Here's a close up:
I used to use an amp and speakers, but now I'm in a band that
uses no amps on stage. Everything goes through the monitors,
and we run sound ourselves from stage. I get a great sound
out front, and my monitor works just fine for me. We rarely play
anywhere that makes us use their PA. When they do, I just make
sure I get a good monitor mix.
Set up and tear down is about as minimal as it can get, and
the stage has a nice clean look. I really enjoy this set up.
I've been trying to scale down for years, but until I got into
this group I still had to use at least one cab. Now the rack full
of "goodies" is gone as well as the multiple cabs. Obviously
everyone's situation is different, but I'm really happy with how
things are going with this set up.