@sethforprivacy does a nice job explaining the trust tradeoffs between Ark and Spark.
Tldr: Ark has stronger finality guarantees and requires less trust...as long as the user is reliably online (not constantly, but frequently available to sign. Spark has lower online-ness requirements, but leaves the user trusting the Spark Operator to a greater extent.
Read the whole article for a pretty good basic explanation of the two protocols.
I'm kinda confused, and this is low-key contradicting itself. It mentions non-custodial solutions right here, but then you're talking about having to trust them. Run that back for me, please?
@justin_shocknet has been using the term "trustodial" to describe things like Ark and Spark, which isn't a bad description. It's kinda like they don't have custody of your coins if you stay online or if the person who sent you the coins isn't colluding with them.
Seems like there's no free lunch in the world of trust-minimization.
Ahah... Google
That's a ref to Shinobi's article after he tried to do damage control after I coined it...
Origin: #1019448
trustodial is a bang up word. makes me smile every time I see it in the wild.
Me too hahaha
Thanks for your work
Yea trust-minimization is a weasel word, anyone using that in a presentation is automatically scamming... things are either trusted or they're not.
Trustodial is how they think they're going to loophole the regulator, the problem with that is that they're scamming the unsophisticated user (and probably investors) in the process.
We don't. Only dumb poor nocoiners need.
Ark and Spark are exactly about this:
They don't even need them, these are like 0-conf Lightning channels with extra scam.
right... wait.... now you made many bitcoiners to ask "WTF are 0-conf channels? Can we do that?"
😂😂😂😂😂😂😂😂😂😂😂
Anyone dumb enough or dishonest enough to call these centralized apps a layer 2 lacks the mental capacity to research such topics.
Alex Berg (Arkade) pointed this out to Seth, who backpeddled and claimed it was a "good simplification to help people understand how to think about it."
source
That's funny, Ark Labs had been calling it a Layer 2 for a long time... my debunking every time they lie is having an effect, the only consistency in their narrative is that their narrative changes constantly.
Seth is a Monero shill so a certified moron in his own right.
trololol