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Ark is a design to scale payments on Bitcoin. There are several explanations out there about Ark, but I couldn’t understand most of them, so I wrote my own. I also summarize how different opcode soft forks can help improve Ark properties, and compare Ark with other designs to address scalability like Lightning and rollups.
This is by @neha on X.
Ark is so above my brain. What gets me is the expiration of the VTXOs
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As far as I understand you can always unilaterally exit the ark, but that generates on chain fees. Of course, you'd need a watchtower service or somesuch for that. Basically, same as lightning. As I understand it.
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That's the scam, make a Rube Goldberg machine to smuggle trust, call it scaling so you can astroturf a virtue signaling army to shill your shitcoin that you pretend is Bitcoin
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Why it is hard for me to get behind this project when after acquiring it the asset can vanish due to time decay which is a crazy concept when it comes to a digital asset claiming to scale bitcoin
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There's an inherent liveness tradeoff once you leave the security of chain, lightning has this risk too, hense watchtowers
Arks entire positioning though is to be better than lightning, but since the challenges lightning faces are inherent to Bitcoin itself, they just lie
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17 sats \ 0 replies \ @itsMoro 18h
yikes
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The power of Lightning cannot be overemphasized
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And what's up with Ark, k00b?
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Onyé Oshi... 🤣
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