A payment pool binds its users within a single UTXO that is optionally rolled over into another one periodically.
Ark users are not “pooled” together. They have no relationship with one another and need no interaction except with the operator. Users coordinate with operator to batch transactions into multiple concurrent UTXOs.
The world will adapt to Bitcoin.
Not much else is needed.
Adjusting economic inputs regardless of the motivation is an exercise in centralization.
It’s quite incredible that this type of discourse is being held by Bitcoiners.
“What if consumers do no spend enough, we might have to twist the knobs of the economy to fix it”
Layer 2s are anchored in Bitcoin. They directly lead to more economically dense transactions, if adopted.
Trying to intervene with the market is a surefire way to screw ourselves
Once our industry wakes up to the fact that Ark is not a payment pool, we'll be in a much better position to evaluate future scaling conversations.
Taproot transaction batching changes everything.
All priors need to be reevaluated.
Clean slate.
Now that we can batch transactions thanks to Taproot and connectors, every prior needs to be reexamined.
The return on investment for developing solutions that leverage this new paradigm is far greater than hand-wringing over the block size.
We can rebalance Lightning channels offchain.
The Lightning whitepaper is dated and not relevant anymore.
Bullish ingenuity. Bearish magic numbers and central planning.
Let's play some games 👾
VTXOs on the left, UTXOs on the right
Correct, it’s not groundbreaking by any means but it’s a neat way to work around custodial balances/liabilities
Since somebody asked…
We currently use Nostr in our PoC Ark wallet to enable users to recover expired VTXO funds.
Our testnet proof of concept wallet Arkade will be made public very soon.
Not sure what Nostr integration you have in mind but we do use Nostr in some capacity. More on that to follow.
Ark is a technique to batch offchain transactions into a single onchain output using taproot. Nested into that output are what we call virtual UTXOs which can be transferred offchain using an Ark server as the trustless intermediary.
It’s simpler than Lightning and can be used for a variety of use cases beyond payment but also does not have other properties of Lightning like instant finality.
Unlike ecash, Ark is noncustodial. Though it doesn’t boast as good privacy.
Hey! Yes, Boltz integration being completed as we speak. More on that soon.
>configure swap server
Absolutely
By the way this is an interesting option for Nostr apps to integrate bitcoin payments/wallet functionality.
Different risk profile than ecash, less private out the box.
nostr:note1r8z7xkpp2yv3lv4r2lkajx7dzve0usu3psza9m5cxptpm3dwwvks2x85dw
It already works on mainnet. Don’t need additional opcodes
Hey Nostr,
been a while heh. we’ll try to fix that… eventually.
Meanwhile, we just released our Ark wallet SDK!
It’s still at a very early stage but you can now interact with an Ark server, on signet.
Details 👇
https://blog.arklabs.to/introducing-the-ark-wallet-sdk-d1c77ce61cfc
If you truly want to accelerate covenant traction then the single best thing you can probably do is to contribute to development, tooling, and adoption of Ark.
It's the one thing every single one of you have control over.
The UTXO you are trying to swap for doesn't yet exist.
How would that work?
Thanks for the honest feedback. We're definitely working towards making the documentation more developer friendly.
