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20 sats \ 4 replies \ @justin_shocknet 2 May \ on: *Spark TLDR bitdevs

It's another trust-smuggling fake L2... they came up with this crap to handwave the cases where people don't have or can't yet afford a channel.

It's the same mental gymnastics retards that call ecash self-custodial do.

delegating on-chain funds

Scammer linguistics, translates to custodial

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0 sats \ 3 replies \ @OT OP 2 May

I'm a bit skeptical of the company but I quite like the idea. A shared UTXO is at least partial ownership.

Of course having 40 sats in a shared UTXO closing and going to chain would essentially be worthless but I think the idea is worth exploring more.

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0 sats \ 2 replies \ @justin_shocknet 2 May
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0 sats \ 1 reply \ @OT OP 2 May

Isn't LN pretty much a "shared" UTXO?

It functions like one.

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0 sats \ 0 replies \ @justin_shocknet 2 May

No, can dig through the priors for that one

tldr; the two peers in channel "point" are defining their own UTXO... that's the beef people have with Lightning, poors that can't afford their own UTXO can't use it

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