0 sats \ 0 replies \ @justin_shocknet 5 Jun \ parent \ on: Ark Labs - Thread 🧵 lightning
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
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