Just took a look at arkpill.me and got my first look at the #Ark network thesis. Super interesting. Scalable transactions but total privacy, no liquidity constraints, and no need to directly coordinate with another peer via building channels.

But as a (former?) #lightning skeptic, I'm not sold on the ASP system. I'll need to read more about how traffic is distributed and how ASPs are set up, but the "advantage" that you don't need to set up a channel with someone else isn't really an advantage if it means you CAN'T set up a channel with someone else. I'm not sure if that's the case before I do a deeper dive but that's going to be the hardest for me to get past, if true.

#Bitcoin needs to be survivable through inevitable nation-state attacks. ASPs sound like a centralizing vector that would make great targets.

Lightning, on the other hand, would survive an attack directed at major nodes, because they're ultimately not mandatory. If you need to use lightning to send a payment and major nodes have been crippled or taken offline, you can just build your own channel directly to the intended recipient. You don't need a go-between to make that possible (like an ASP).

I could have the wrong idea here. If anyone more technical can keep me honest I'd appreciate it. 🫂

#plebchain

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Discussion

I’m not sure about ASPs but my biggest concern with #lightning is that if you use a custodial wallet (which most people do) you should have no expectation of privacy (because of the source routing). Now, it’s fine if you don’t care about privacy but I hear a lot of folks saying that lightning is private which seems like a misconception.

I definitely agree that probably the biggest issue with #lightning is that most people use it with custodial wallets, and that's a strong centralizing force as well.

In that case it's easier to argue that ASPs on #Ark are better than the status quo. But the custodial nature of Lightning today is not a function of the protocol - it's a layer on top for better UX. Non-custodial wallet options can improve without having to change the way Lightning works fundamentally.

ASPs appear to be fundamental to Ark. That's a protocol layer issue.

I’d like to see better easier options for non-custodial wallets with #lightning but I doubt we’ll see improvements that are good enough to onboard a majority of lightning users on non-custodial wallets. I need to look more into ASPs/Ark.