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I didn't realize this was a new Ark implementation!

Under the hood, this is powered by an Ark-like settlement layer, a bitcoin scaling protocol that batches off-chain transfers efficiently while keeping users in control of their funds.

See also this in their docs: https://wavelength.lightning.engineering/concepts/balances-and-vtxos/

I don't think the are relying on bark or arkade, so this would be new, third Ark implementation, I think? Kinda cool!

Kinda cool!

what's so cool in enshitification ?

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100 sats \ 1 reply \ @Scoresby 22 Jul

I like competition. I'll accept that ark and ecash are shitty versions of lightning, but I still a role for them in using lightning. I feel much better about a world where ten or twelve large companies are each running their own ark than I do about a works where there's only one or two games in town.

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You think having three big banks is better than everybody being their own bank? If we have three big banks they can just refuse to talk to the independent lightning nodes.

I think you greatly underestimate the dangers of fake L2, once they are the dominant players they can even make bitcoin another fiat currency.

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