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The trust folks place in Spark is like the trust folks place in custodians.
The trouble is they call it self-custodial. If we are classifying things in a binary custodial/noncustodial fashion, Spark is custodial imo.
So, you're right, it doesn't fix lightning permanently and when it sours like custodians did, folks will blame bitcoin.
Agreed they should say “our app uses spark as the custodian”
And stop saying things like no-KYC
Spark has unilateral exit, unlike custodians
You mean if you use a static deposit address instead of being online and creating a new address + presigned unilateral exit transaction for every deposit?
I guess in that case you need to trust that you will be able to claim your deposit.
I also don't know how unilateral exit works for lightning deposits.
This is bad framing. I thought trusted 3rd parties were security holes??
It seems like developers are skirting this by saying lightning is for spending only and shouldn’t be used with large amounts.
But these apps will feel a lot of pain if Spark goes down and all the users will say see Bitcoin still sucks!!