Wake up honey the latest Bitcoin affinity scam just dropped

users connect to an Ark Service Provider (ASP) and transact with “virtual” transactions (VTXOs)

users only need a light wallet and all on-chain liquidity management is handled by their ASP.

: it might scam the regulator but is still completely trust-based for users

an Ark VTXO can be redeemed on the #bitcoin mainchain at any time, even if the ASP is offline

: If nothing malicious happened AND you can afford it, which you cant because otherwise you'd have just used Lightning

: It's just lower-key FUD against Lightning

lightning

Ark Labs - Thread 🧵

Rsync25

Wake up honey the latest Bitcoin affinity scam just dropped

> users connect to an Ark Service Provider (ASP) and transact with “virtual” transactions (VTXOs)

**translation**: it's a centralized shitcoin

> users only need a light wallet and all on-chain liquidity management is handled by their ASP.

**translation**: it might scam the regulator but is still completely trust-based for users

> an Ark VTXO can be redeemed on the #bitcoin mainchain at any time, even if the ASP is offline

**translation**: If nothing malicious happened AND you can afford it, which you cant because otherwise you'd have just used Lightning

> Ark is not a replacement for Lightning

**translation**: It's just lower-key FUD against Lightning

