pull down to refresh
Is this so different?
Yes very different.
A watchtower that doesn't have access to your funds can protect your funds for you. You can pay them for it, you can swap watchtowers services etc.. If you are serious about your money it's protected by at least one watchtower.
An ark server takes no risk stealing your funds, a lightning partner takes a big risk.
Nah the Ark server can choose not to refresh then poof bye bye VTXOs. Like what happens to the VTXO after you fail to renew it?
Plus when I used arke I couldn’t even send a 1 sat payment to myself. And the fees were ridiculous! The fact my VTXOs expire and I need to pay a fee based on how much I have is terrible design for money. Like I said I rather use fiat then Ark.
Yes it’s massively different. The node runner has the responsibility of keeping his node online and using watchtowers if he so wishes to protect himself from a bad actor.
Meanwhile Ark VTXOs just disappear because I didn’t refresh. Because the third party sever has it baked into its protocol that money expires. Everyone knows this idea of vanishing money is stupid but cope through it because they think this is sound engineering.
And if you don't pay attention to your lightning channel, your channel partner can broadcast an old state and take your funds. Is this so different?
Maybe a good time to wrap things up here. Have a good weekend.