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140 sats \ 6 replies \ @k00b 2h \ parent \ on: Stacker Saloon

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.

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124 sats \ 5 replies \ @BlokchainB 2h

Agreed they should say “our app uses spark as the custodian”

And stop saying things like no-KYC

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124 sats \ 4 replies \ @ek 2h

Spark has unilateral exit, unlike custodians

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51 sats \ 3 replies \ @k00b 2h

How do you get the presigned unilateral exit transactions when you're offline and the federation receives on your behalf?

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124 sats \ 2 replies \ @ek 1h

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.

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51 sats \ 1 reply \ @k00b 1h

It's all very hand wavy and no one has implemented unilateral exits in prod afaict.

And, if they are reusing addresses and moving your balance/state forward with you offline, unilateral exit relies on them not doing that when they decide to rug/shotgun kyc.

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1 sat \ 0 replies \ @ek 1h

Mhh, yeah, a sad state of affairs

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