pull down to refresh
0 sats \ 8 replies \ @bergealex4 7 Nov 2024 \ parent \ on: Unlocking Liquidity Before Shared Output Expiration | Ark Protocol bitdevs
No, just like Lightning, you literally craft a 2-of-2 txs with someone and co-sign it.
Prove it, drop the ASP from the design and then update your diagrams (again).
reply
The Ark server is your counterparty, just like anyone else you open a channel with.
reply
That would then make it the same as opening a channel to an LSP, only with worse security trade-offs for the client under the guise of efficiency that doesn't really exist.
reply
So you're backtracking?
reply
No I just painted you into a corner, that ASP's are just worse LSP's
reply
LSPs open channels.
ASPs split UTXOs.
I know it's hard to conceive that both might be useful and serve different purposes.
It's still all Bitcoin signed transactions.