21 sats \ 5 replies \ @teemupleb 9h \ parent \ on: Unlocking Liquidity Before Shared Output Expiration | Ark Protocol bitdevs
You can unilaterally exit from a VTXO, right? So it can’t be compared to e-cash in that regard?
In practice a lot of VTXOs will be of too small value to actually unilaterally exit... But yes, you are supposed to be able to if you're willing to pay the necessary fees.
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Not necessarily, that's part of the scam
Unilateral exit requires conditions to be met that would disincentivize you from using a VTXO in the first place, it requires you to afford a real chain UTXO and you'd still have a period of trust with the ASP on swap-in
Every trade-off is negative for the user and positive for the ASP
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Yeah, marketing Ark with the “unilateral exit” tag seems a bit disingenuous because to unilaterally exit, you’d need to pay fees for possibly many on-chain transactions, which kinda defeats the whole purpose of using Ark to escape high fees in the first place!
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Something like
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It's a shame too, so many resources get wasted on these scams instead of legitimate projects. ETH didn't die, ETHeads just started pretending to be Bitcoiners.
I probably could have integrated parts of these to better coordinate channel operations in Lightning.Pub, but instead of consulting me they decided to affinity scam Lightning instead, it's war until they repent.
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