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33 sats \ 4 replies \ @hynek 13h \ parent \ on: Bitcoin Layer 2: Lightning Network lightning
Ark is bitcoin just like Lightning.. Liquid, statechains, drivechains, etc. are not bitcoin
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0 sats \ 3 replies \ @justin_shocknet 9h
Wrong, Ark is another scam fake L2 just like the rest... Worse given how bad their marketing is to overtly lie
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0 sats \ 2 replies \ @hynek 8h
Are you really familiar with the Ark design? You are not sending bitcoin elsewhere and you are always able to withdraw the funds without permission.
I'm not commenting the marketing thou.. it's a bit suspicious.
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0 sats \ 1 reply \ @justin_shocknet 7h
It's literally just another centrally coordinated shadow chain, "pre-confirmed transactions" and "vTXOs" are scammer nomenclature, not protocol design.
There is a unilateral exit happy path with pstx's, if you can afford it, but Ark only exist to serve poors that can't afford lightning (therefore can't afford a UTXO or the exit)
It's a trustodial system and their marketing is just the first violation of trust. Bad actors, avoid.
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17 sats \ 0 replies \ @hynek 7h
Valid concerns.. I will still keep an eye on it.
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