openark is a new ark protocol specification that addresses the single-operator problem.
instead of one asp holding a single key and funding every round with its own capital, external liquidity providers co-verify exit paths cryptographically before signing. The asp key becomes a threshold key split across co-verifiers. No single party can sign alone.
key ideas:
- wallets can run their own asp and source liquidity from external liquidity providers (XLPs) instead of needing a huge balance sheet
- nostr (NIP-150) for transport instead of proprietary APIs
- cloud agent model so users can stay offline while rounds keep rolling
- RGB assets move atomically with btc in the same round
no company, no token. just a spec called BOLT-ARK.
community-driven and open source.
worth noting for anyone thinking about bitcoin-native yield: the openark XLP model is probably the second best way for bitcoin treasuries and private entities to earn yield on BTC after liquidity leasing.
you commit capital to rounds, earn fees, and verify every exit path before signing. no custody handoff.
as we all know, routing fees were never going to be a viable yield model. this might actually be.
check it out at openark.tech or https://github.com/dukeh3/openark
still at a very early stage
i get your point.
but you’re missing mine.
i do believe lightning (or bitcoin L2) can’t scale without some hub-and-spoke structure.
you can’t have traffic without traffic lights.
you need entities that orchestrate liquidity and routing.
this is also mathematically supported by network topology.
regular bitcoiners aren’t economically incentivized to deploy liquidity on lightning. treasury companies are, because they need that 2-4% yield.
a normal bitcoiner is fine with number-go-up. they don’t need yield, so they don’t deploy capital on lightning.
what i’m saying is: yes, bitcoin itself doesn’t need businesses to succeed. but lightning absolutely does. not understanding that is just cope
I don't want to debate this with you this now. I am tired of all this crap.
Please read here: #1275977
Sir, you are retarded
" Lightning already scales transactions infinitely. "
This is incorrect
Sir, you don't understand Bitcoin 101 and are dealing in shitcoins as a result.
The premise of Lightning is literally infinite transactions, because it makes transactions infinitely reusable.
Careful who you call retarded when you show up like this.
there is protocol and there is economic reality and reality of incentives
Reality of incentives is that scammers create shitcoins 2.0 that solve nothing
So by peddling ark, you're a shitcoiner and a scammer
Quality commenting right here. Read the protocol and come with actual feedback, otherwise be gone.
I advise you to try and find any shitcoining related to me. Best of luck.
lol that's a first
if you took your time to study openark intead of resorting to some old post of yours, you'd get it.
but since you haven't read it, you wont understand how it differs from the existing Ark implementations.
openark is not a VC backed project
but still, you're wrong regarding lightning scaling infinitely. maybe it does in your perfect fantasy world where you magically solve the liquidity problem... with.. idk.. vibes..?