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vnprc
d3052ca3e3d523b1ec80671eb1bba0517a2f522e195778dc83dd03a8d84a170e
CTV+CSFS, Hashpool, Triangle BitDevs

Memorizing 12 words is way less of a pain in the ass.

Replying to Avatar Ark Labs

Ark Labs launches today, a new company dedicated to building hashtag#bitcoin layer-two solutions based on the new Ark protocol.

Transaction fees and delays caused by congestion on #bitcoin’s mainchain are increasing demand for more scalable payment solutions. Lightning has made significant strides, but UX challenges (like inbound liquidity management) are driving users toward custodial solutions.

New approaches to scaling are needed to supplement the Lightning Network. This is where Ark comes in. Ark, proposed 2023, is a layer two protocol designed to offer speed and scalability without the burdens of liquidity management (for end users, at least!).

Until now, Ark has been a theoretical solution to bitcoin’s scaling issues. But with the launch of Ark Labs, we’re making Ark a reality—we’ve released an open Ark implementation, which you can use to launch your own Ark Service Provider or wallet.

We’ve already started work on the first Ark-based services. If you’d like to be one of the first to try these out at launch, make sure you subscribe to our newsletter on our website

https://arklabs.to

Ark uses a unique model for hashtag#bitcoin transactions—users connect to an Ark Service Provider (ASP) and transact with ā€œvirtualā€ transactions (VTXOs). Unlike Lightning, end users only need a light wallet and all on-chain liquidity management is handled by their ASP.

Importantly, an Ark VTXO can be redeemed on the hashtag#bitcoin mainchain at any time, even if the ASP is offline. This ensures that users have true self-custody of their Ark funds. Onboarding is easier too—users don’t need any bitcoin to open a channel and receive their first payment.

All that said, we need to emphasize that Ark is not a replacement for Lightning! Lightning is an essential piece of the scaling puzzle. It’s especially suited to enterprise settlements (e.g., exchanges, federations, and ASPs)—Ark simply fills in its gaps for consumer payments.

Ark’s finally here and we’re excited to pioneer new possibilities with #bitcoin. Whether you're looking to integrate Ark into your app, shape the protocol’s development, or make some of the first Ark payments, get in touch!

Full announcement

https://blog.arklabs.to/introducing-ark-labs-a-new-venture-to-bring-seamless-and-scalable-payments-to-bitcoin-811388c0001b

Bullish on Ark!

Any python wizards out there? nostr:npub1v6qjdzkwgaydgxjvlnq7vsqxlwf4h0p4j7pt8ktprajd28r82tvs54nzyr says this is blocking mainnet joinstr. Joinstr is a project to do coinjoins over nostr. This is the 'other stuff' we keep hearing about.

https://gitlab.com/1440000bytes/joinstr/-/issues/7

Yeah I dunno either. I just click the default button every time primal fucks up my relays. Seems to work OK. 🤷

Counterpoint: capital allocators are looking for something to do with their giant piles of bitcoin. Right now they can't generate meaningful yield. Ark funnels this demand into a self-custodial private layer two. With this much money at play regulators will be bought. For users: freedom tech go up. I am very bullish.

This headline boggles the mind. Inflation just delays the recession. People don't want recession they want their government to stop making the problem worse.

Replying to Avatar Crizzo

I used to be able to pay this online retailer in Bitcoin. If I remember correctly they used Coingate to process crypto transactions. Last week I went to make a purchase and found they had removed crypto as an option so I contacted them and told them I was disappointed I couldn't pay with Bitcoin anymore. This is the response I got:

> Hello Crizzo

> Thank you for reaching out to us, and I apologize for any inconvenience caused by the removal of the Bitcoin payment option. We understand your disappointment, and I'd like to provide some context.

> Back in 2014, we were excited about the possibilities of cyptocurrencies, including Bitcoin. At that time, we became one of the first major payments companies to support Bitcoin payments Our hope was that Bitcoin could serve as a decentralized substrate for online transactions, especially in regions with limited credit card penetration or high credit card fees.

> However, over the years, Bitcoin has evolved. Transaction confirmation times have increased, leading to higher failure rates for fiat-denominated transactions. Additionally, fees have risen significantly, making regular Bitcoin transactions as expensive as bank wires. As a result, the desire from our customers to accept Bitcoin has decreased, and revenues from Bitcoin transactions have declined.

> Given these challenges, we made the difficult decision to wind down support for Bitcoin payments. Despite this, we remain optimistic about cryptocurrencies overall. We continue to explore the crypto space

>If you have any further questions or need assistance with alternative payment methods, please don't hesitate to reach out. We appreciate your understanding and look forward to serving you in other ways.

> Kind regards

> Mike

This is from affect3D.com which is a store that sells 3D animated porn. I think he may be referring to the content creators that sell stuff in the store as the "customers" that don't want to accept Bitcoin, not the people who buy the content.

Anyway it's disappointing. #Bitcoin still has a long way to go before it can be used transactionally it seems. It's still the best SoV to ever exist at least.

tell them about lightning, zaprite, and opennode

Replying to Avatar QW

Nostur Client is searching for a rename…

I will commit 50k sats to whoever nostr:npub1n0sturny6w9zn2wwexju3m6asu7zh7jnv2jt2kx6tlmfhs7thq0qnflahe awards the winning name.

Let’s get this trending to promote the contest.

Comment, Like, Boost

All zaps to this note will go to the winner!

nostr:note176ksk5teg6exadj03jaw0ywvxca7pydkxc9j97x4hx0f55wztaeqltgayu

Strstr just to let everyone know you are twice as nostr as all those other clients

Ecash Accelerationist ec/acc

spread it around 🤫

Replying to Avatar vnprc

You know you're winning when the cope is this strong. šŸ˜‰