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Spark And Ark: A Look At Our Newest Bitcoin Layer Twos - Sethforprivacybitcoinmagazine.com/technical/spark-and-ark-a-look-at-our-newest-bitcoin-layer-twos
240 sats \ 18 comments \ @Scoresby 24 Oct bitcoin
@sethforprivacy does a nice job explaining the trust tradeoffs between Ark and Spark.
Tldr: Ark has stronger finality guarantees and requires less trust...as long as the user is reliably online (not constantly, but frequently available to sign. Spark has lower online-ness requirements, but leaves the user trusting the Spark Operator to a greater extent.
Read the whole article for a pretty good basic explanation of the two protocols.
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102 sats \ 7 replies \ @jakoyoh629 19h
providing an even better option that gets non-custodial Bitcoin into the hands of many more people while extending the things that we can build on top of Bitcoin.
I'm kinda confused, and this is low-key contradicting itself. It mentions non-custodial solutions right here, but then you're talking about having to trust them. Run that back for me, please?
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260 sats \ 6 replies \ @Scoresby OP 19h
@justin_shocknet has been using the term "trustodial" to describe things like Ark and Spark, which isn't a bad description. It's kinda like they don't have custody of your coins if you stay online or if the person who sent you the coins isn't colluding with them.
Seems like there's no free lunch in the world of trust-minimization.
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269 sats \ 4 replies \ @jakoyoh629 19h
Ahah... Google
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320 sats \ 3 replies \ @justin_shocknet 19h
That's a ref to Shinobi's article after he tried to do damage control after I coined it...
Origin: #1019448
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121 sats \ 1 reply \ @Scoresby OP 17h
trustodial is a bang up word. makes me smile every time I see it in the wild.
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0 sats \ 0 replies \ @BlokchainB 1h
Me too hahaha
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17 sats \ 0 replies \ @jakoyoh629 19h
Thanks for your work
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0 sats \ 0 replies \ @justin_shocknet 19h
Yea trust-minimization is a weasel word, anyone using that in a presentation is automatically scamming... things are either trusted or they're not.
Trustodial is how they think they're going to loophole the regulator, the problem with that is that they're scamming the unsophisticated user (and probably investors) in the process.
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17 sats \ 9 replies \ @DarthCoin 24 Oct
Why do we need new layer twos?
We don't. Only dumb poor nocoiners need.
Ark and Spark are exactly about this:
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22 sats \ 8 replies \ @justin_shocknet 20h
Only dumb poor nocoiners need.
They don't even need them, these are like 0-conf Lightning channels with extra scam.
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17 sats \ 7 replies \ @DarthCoin 20h
right... wait.... now you made many bitcoiners to ask "WTF are 0-conf channels? Can we do that?" šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚šŸ˜‚
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93 sats \ 6 replies \ @justin_shocknet 19h
Anyone dumb enough or dishonest enough to call these centralized apps a layer 2 lacks the mental capacity to research such topics.
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17 sats \ 5 replies \ @Scoresby OP 19h
Alex Berg (Arkade) pointed this out to Seth, who backpeddled and claimed it was a "good simplification to help people understand how to think about it."
source
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547 sats \ 4 replies \ @justin_shocknet 19h
That's funny, Ark Labs had been calling it a Layer 2 for a long time... my debunking every time they lie is having an effect, the only consistency in their narrative is that their narrative changes constantly.
Seth is a Monero shill so a certified moron in his own right.
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240 sats \ 3 replies \ @justin_shocknet 19h
trololol
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102 sats \ 2 replies \ @DarthCoin 19h
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