ELI5 👨🏫
Discussion
This is all i got, talk was high level. I haven’t deep dove into it yet
Basic idea is that he’s trying to build a new bitcoin L2 with less channel and liquidity requirements, but the tradeoff is transactions are not instant.
We're going to have a whole cycle of suits talking about how they need to change bitcoin. Same way we had a cycle of individuals saying how they need to change bitcoin.
As long as they build on top, I don't see an issue. Free market can then decide which solution wins imo.
Ok, thx 🙏 Do you know, what exactly would not instant mean? More than 3 seconds for settlement?
I just read that it's like a mempool that updates every 5 seconds and finalizes every block.
What I'm wondering is if there are any security flaws in the time from spend to block finalization?
Wonder if it's trustless? If the ark server operators earn routing fees?
Very interested in how the incentives align