Ark is cool, but the biggest concern for me is the capital requirement.
To put it into perspective, to achieve Visa scale, the ASP has to anticipate 1 month of payment volume, which is roughly $1T.
In the case the state is weak, Ark can work, but fedimints work even better: scale much better, are more private, and high competition keeps everything in checks.
In the case the state is oppressive and strong, Ark is fucked because only a few companies can have that much money, which means the state can go knock on their doors.
pippellia / Pip the social graph guy
npub176…7vgup
2024-04-14 20:34:51
in reply to nevent1q…wgjz
Author Public Key
npub176p7sup477k5738qhxx0hk2n0cty2k5je5uvalzvkvwmw4tltmeqw7vgupPublished at
2024-04-14 20:34:51Event JSON
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"content": "Ark is cool, but the biggest concern for me is the capital requirement.\n\nTo put it into perspective, to achieve Visa scale, the ASP has to anticipate 1 month of payment volume, which is roughly $1T.\n\nIn the case the state is weak, Ark can work, but fedimints work even better: scale much better, are more private, and high competition keeps everything in checks.\n\nIn the case the state is oppressive and strong, Ark is fucked because only a few companies can have that much money, which means the state can go knock on their doors.",
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