pull down to refresh
I didn't intend to be hateful, nor do I harbour any, but I can hazard a guess about those who do.
Calling a service non-custodial (as lightspark does) when the means for enforcing custody hasn't been built out for the consumer crosses a line. Bitcoiners being intransigent on what it means to hold corn in self-custody is as old as the first exchange/custody wallet hacks.
David A. Marcus (Romanian: Mărcuș; born April 12, 1973) is a French-born American entrepreneur. He was the co-creator of Diem, a cryptocurrency project initiated by Facebook. He is the former president of PayPal and Vice President of Messaging Products at Facebook where he ran the Facebook Messenger unit from 2014 until 2018. In December 2017, Marcus was appointed to the Coinbase Board of Directors, from which he stepped down in 2018. In 2021, he stepped down from Facebook. As of May 2022 he is the co-founder and CEO of Lightspark, a cryptocurrency startup which works on bitcoin and the Lightning Network.[1][2]
only tradeoffs
Key. Also,
the compliance issue
makes me wonder, how can spark be compliant here? because of the VTXO model?
I haven't seen any kyc required, so they must not be a license money transmitter.
The default case is slightly upgraded from CCs in my mind beca he can now send his sats to any other lightning wallet or to an on chain UTXO of he gets enough sats. Would you characterize the situation differently?
No, I wouldn't.
In fairness though, he probably won't set up an other LN wallet either, so then that pretty much just leaves him with one option, which is something like a boltz swap back on-chain.
I think my main gripe is the bastardisation of the notion of bitcoin custody.
Is a bitcoin on Spark a bearer asset in a similar manner to the old guard of Lightning wallets? It is hard for me to see it that way.
My issue is in calling it a non-custodial solution, which @k00b did not, but which others have.
Also, I don't mind it being an option, but noobs need to beware.
Once the sats from either hit your self-custodied wallet, they’re identical to any other sats.
For you and me, that's fine. But why would we use Spark when we already have the means to self-custody.
The issue, as I see it, is that people will use Sparkcoin as "money," while there's not a viable way of enforcing their ownership of those sats, unless they are someone who already has the knowhow of using non-custodial. But the latter is obviously not the target user. So then the target user just won't.
Congrats. Having tbe embedded wallet must feel like quite the milestone. Out of the box send and receive capability should help garner more stackers.
Curious, in the testing, has anyone tried to swap Spark back to on-chain BTC? How does that work exactly?
Soma
Aka dopamine dependancy, is in the nic pouches, energy drinks, ecigs, algos, onlyfans, PH's, alcoholic bevvies, ffood, thirst traps etc. Never needed Meta overlords to peddle it, it was there all along.
Few.
e-ink screens are so cool.
Good point. Maybe just the stress test needed for Nostr.
Could it have been this on3? Looks like they're worth something now.
Thr Ipod classic slaps too. Shipped with Brick for those long car rides in the back seat.. Back when 126gb was a massive amount of storage.
Feeling ~nostalgic
I miss mp3 players. A dumb Napsterfy hardware device would be cool.
lost art of shuffle
peak playback, tracks, earbuds cord
pulls out, ocean sounds
It's gotten to the point where the opposite of slow reading--fast reading, if you will--or reading online doesn't even feel like reading at all but like a fever dream on bennies. Or maybe it is just me ....
My fear is that we lose the plot if these distinctions become meaningless. Calling something non-custodial when it isn't is an Orwellian move and, imo, an attempt at the erosion of this distinction.