0 sats \ 8 replies \ @bergealex4 7 Nov \ parent \ on: Unlocking Liquidity Before Shared Output Expiration | Ark Protocol bitdevs
No, just like Lightning, you literally craft a 2-of-2 txs with someone and co-sign it.
Prove it, drop the ASP from the design and then update your diagrams (again).
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The Ark server is your counterparty, just like anyone else you open a channel with.
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That would then make it the same as opening a channel to an LSP, only with worse security trade-offs for the client under the guise of efficiency that doesn't really exist.
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So you're backtracking?
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No I just painted you into a corner, that ASP's are just worse LSP's
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LSPs open channels.
ASPs split UTXOs.
I know it's hard to conceive that both might be useful and serve different purposes.
It's still all Bitcoin signed transactions.
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Bitcoin doesn't have split UTXO's, that's total nonsense... not your UTXO not your coin. There's no crypto-theatrics at the application level that change that.
At the end of the day you're sacrificing trust/security to try gaining (dubious) efficiency, maybe you wouldn't have to market it as Bitcoin for people that can't actually afford Bitcoin if scammers like Rearden could be honest about it.
If you really just wanted to stick it to Liquid over the poverty use-case I could see that, but there needs to be repent on directly affinity scamming Lightning first.
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It's just a multisig.
You're just spouting non sense.
have a good day.