I finally see the failure mode of spark, and that means it is very much a custodial system, no different than a cashu mint, but with worse privacy.
Being a custodial system is not such a big problem.The problem is that they are lying about their true intentions and try to present Spark as a L2, when in fact IS NOT.
If they would just say what really is and stop pretending to "save Bitcoin" will not a problem at all. Who wants to use their shity crap network, fine. But don't lie that is bitcoin.
People should read this article entirely and realize that what I am talking all days is true and is a big warning:
https://unlimitedhangout.com/2024/10/investigative-series/the-chain-of-command-how-facebooks-libra-bank-regulators-and-paypal-built-a-new-world-currency/
Spark is a real threat to Bitcoin !
If they would just say what really is and stop pretending to "save Bitcoin" will not a problem at all. Who wants to use their shity crap network, fine. But don't lie that is bitcoin.
People should read this article entirely and realize that what I am talking all days is true and is a big warning:
https://unlimitedhangout.com/2024/10/investigative-series/the-chain-of-command-how-facebooks-libra-bank-regulators-and-paypal-built-a-new-world-currency/
Spark is a real threat to Bitcoin !
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