Nah, if what he claims is true, it’s an incredible solution, the question is; does it stand up to the claims in an adversarial environment? And what really happens when ASP and past owners collude?
If those situations still have an avenue for the rightful owner to unilaterally exit, then this could be a game changer. Moving the problem of liquidity to the LSP is actually a fantastic move, because that’s what LSPs already do. What it means is that LSPs can operate noncustodially (like they do now), we can gain privacy FROM the LSP, and we can onboard without having to have any liquidity beforehand and entirely within the Ark pool. Meaning onboarding can happen entirely off chain and doesn’t require any “setup” or pushed channels or the like that all require an on-chain footprint. On chain transactions are delegated 100% to those with enough money for long term savings that they want to have their own UTXO. Spending, fast onboarding, and day to day activities can happen entirely within a private pool, shared UTXO that interoperates with all of the current lightning network.
Again, this is by the claims of Burak and I don’t understand all of the loving pieces yet. But if it’s what is claimed, this could obsolete payment pools, channel factories, ecash, and even Fedimint since it does all of those jobs without the custodial trade offs that many of those options require.
TheGuySwann / Guy Swann
npub1h8…6rpev
2023-05-28 18:37:15
in reply to nevent1q…49sk
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2023-05-28 18:37:15Event JSON
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"content": "Nah, if what he claims is true, it’s an incredible solution, the question is; does it stand up to the claims in an adversarial environment? And what really happens when ASP and past owners collude?\n\n\nIf those situations still have an avenue for the rightful owner to unilaterally exit, then this could be a game changer. Moving the problem of liquidity to the LSP is actually a fantastic move, because that’s what LSPs already do. What it means is that LSPs can operate noncustodially (like they do now), we can gain privacy FROM the LSP, and we can onboard without having to have any liquidity beforehand and entirely within the Ark pool. Meaning onboarding can happen entirely off chain and doesn’t require any “setup” or pushed channels or the like that all require an on-chain footprint. On chain transactions are delegated 100% to those with enough money for long term savings that they want to have their own UTXO. Spending, fast onboarding, and day to day activities can happen entirely within a private pool, shared UTXO that interoperates with all of the current lightning network.\n\nAgain, this is by the claims of Burak and I don’t understand all of the loving pieces yet. But if it’s what is claimed, this could obsolete payment pools, channel factories, ecash, and even Fedimint since it does all of those jobs without the custodial trade offs that many of those options require.",
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