If you look at all the centralized fake L2 scams on Ethereum, and the money "locked" in those scams, you'll begin to understand all the "covenants" astroturf
There's no technical justification for them, just the same combination of greed and stupidity that keeps Ethereum around
The forker astroturf is back, and the timing is not a coincidence
These ego-centric crusaders can't accept that Bitcoin doesn't need them and their fragile ETH-lite scripting delusions are nonsense
Bitcoin is just fine and they're spiteful about it
Ark is an open-source scaling protocol for #Bitcoin, initially proposed in May 2023, and now being developed by software companies like nostr:npub1hf5sgehj874r3y2hps9r36qap20cffauc7t895var2ajlsg32mcqa7dp8n .
Ark is not a competitor but complements the Lightning Network, focusing on shared UTXO ownership via Virtual Transaction Outputs (VTXOs) managed by Ark Service Providers (ASPs).
Ark could save on transaction fees, is especially beneficial for daily payments, and does not require covenants but would benefit from them.
Read more here:
https://stacker.news/items/756943/r/teemupleb
#Ark #BitcoinScaling #Layer3Solutions #BitcoinLayer3 #ArkLabs #ArkNode #Arkade #LightningNetwork #BitcoinEcosystem #UTXO #VTXO #ArkServiceProviders #payments #grownostr #zap #btc #freedom #zaps #opensource #foss #lightning #sats #satoshis #covenants
It's a trusted shitcoin protocol affinity scamming lightning for resources
https://stacker.news/items/756225/r/justin_shocknet?commentId=756286
Ad hominem would be dismissing the case for ECash because it is made retards, that's not what I have done... I have said there is simply no case for ECash.
Maybe spend more time on vocabulary and less time on ways you can sign useless strings over to yourself.
Lightning doesn't have to be perfect for ECashers to be complete morons, but that said it does scale sufficiently and trust is optional.
Whatabout Lightning all day if you want, it won't change the fact that ECash doesn't improve anything. Just another retarded custodial shitcoin that skates by on privacy virtue signaling by the same retards that think they're private behind Tor and their CIA run VPN.
Some people are retarded.
Is an LSP trusted if you pay it out-of-band in hopes they open a channel in return? Absolutely.
Fortunately, LSP is just a made-up term by some company, that is now reselling blockstream cloud nodes. Coincidence? LSP's aren't a real thing in the protocol, you don't need one... you can just open a channel like you would make any other chain transaction.
Whataboutism doesn't address the fact that circle-jerk-coins don't improve anything... just mindless cope for pedantic fetishists that were too dense to bother understanding the profundities of Bitcoin.
I don't care about any crypto nonsense, it's not interesting, it's completely useless in any trusted or custodial context... total distraction for tinkerers that can't stick to a long term vision like real Bitcoin
Eventually, I think Start9 is still going through some changes for bundling
Old laptop is perfect or even a cheap VPS
A channel per device is wasteful, it'll be too low volume to be sustainable and will get closed
For kids, share a family node over Nostr with lightning.pub and ShockWallet
I work on LN because it is useful
ECash is just retarded virtue signaling
Yubis are meant to have backups, it's a perfect fit
Circle-jerk signatures all you want, Bitcoin is the only goal post
Bitcoin in has metadata, Bitcoin out has metadata, if you don't trust a custodian with that then no crypto-wanking can help you
False premise, no transfer of anything is actually taking place
Crypto theatrics don't matter with a small anom-set and countless other forms of metadata
Small brain thinking to equate cryptography with privacy
NIP-69 fixes this

note1862y00r383q3mge0lkl7jat40p65kamhx0znfpy7lmmpuhlxuj9sgu396r
Relays are no different than any other hosting service in terms of incentives, they're a CDN for notes.
Some hosting services cater to illegal content, like seedbox services for torrents.
Others, like business tier S3 with a terms of service, do not.
The only difference vs. traditional hosts is that Nostr uses keys/signatures so that data is verifiable and therefore can be easily distributed across redundant hosts (exactly what torrents do by using redundant trackers with hashes to ID files).
Unlike torrents though, there's a reputational lever available in Nostr because of author keys. This will allow it to become more email-like, where servers generally drop everything that doesn't pass some checks.
Email and traditional file hosting is enured to legacy DNS/IP4 limitations, and therefore not as simple to have provider redundancy, which makes service offerings less commoditized than is possible with Nostr relays.
So, while Nostr is an improvement over legacy hosting services in terms of censorship-resistance, there's no magic that makes it a different animal in terms of incentives or how it evolves service hygiene.
There's comparison to Bolt12 in the PR comments, Nostr-native offers feature better performance, portability, web-friendliness, and privacy than Bolt12 offers
Go outside
