Oddbean new post about | logout
 No. This will be live on mainnet soon.

Covenants can make it better but it doesn’t require a fork 
 okay, interesting! 
 without covenants and instead being built on top of lightning this seems to be competing directly with cashu. 

another example of FOSS vs VC money hacking. 🧐 
 it doesn’t compete with cashu and it’s not built on top of lightning 
 that sounded pretty much like they are using LN 🤷🏻‍♂️:
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Initially conceived as an alternative to the Lightning Network, Argentieri emphasizes that his company’s immediate focus is on supporting the adoption of Bitcoin's popular Layer 2 solution.

"Lightning has made tremendous strides recently,” he said. We believe we can leverage this network effect to bring Ark to market and enhance the self-custodial experience for existing Lightning users."

Ark addresses these challenges by utilizing trustless servers, allowing Lightning users to mitigate the difficulties typically encountered with operating Lightning infrastructure. A recent trend in reducing the costs of on-chain operations related to liquidity management has been to rely on custodial or federated options such as the Liquid sidechain.
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...anyway. I'll wait for more clarifications. 
 Sooo... all these six sentences described the fact that they offer swapping your lightning sats for VTXOs? 😄  
 Press Releases are for the masses and a broader public. Nobody ever heard of Lightning or VTXO in our small bubble of stingy maxis 
 *outside of our small bubble