Damus
EVAN KALOUDIS profile picture
EVAN KALOUDIS
Spark is basically a CBDC that is connected to Bitcoin

- The service provider can see all your transactions
- The service provider can steal your money and close your account
- Fractional reserves are possible
5426❤️27🤙8👀3💯3❤️2🎯2
epsql · 11h
Is Breez fucking with us when they claim that they offer a “nodeless integration that offers a self-custodial, end-to-end solution for integrating Lightning payments, utilizing Spark with on-chain interoperability and third-party fiat on-ramps“? https://github.com/breez/breez-sdk-spark-go?tab=...
utxo the webmaster 🧑‍💻 · 11h
Sir when kyc all my lnurl? I really want this in Zeus so I can send dollars
Sean · 10h
👀
Silas Thornbrook · 9h
nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g
ThatWhichisNotSeen · 9h
that does not sound like le fuck you money i want
goatmeal · 9h
this is the only way you can scale lightning to large numbers of people. the only way to "fix" lightning right now is by making it centralized and adding trust assumptions. you can bitch all you want about spark but you should redirect your frustration to the lack of building blocks available on L1....
/dev/fd0 · 8h
Do you really care about last 2 points? Zeus wallet already supports custodial solutions.
OceanSlim · 8h
Why I built my AMM on liquid...
StellarStoic · 8h
For those addicted to podcasts, here nostr:nprofile1qqs936kc97s4k4gqjnmltljgqns0uadh08d77t5mypg3anxkneks37gpzamhxue69uhhsmtj9e6hxetwdaehgu3wdaexwtcpzemhxue69uhkummnw3ezu7rdwgh8ymmrddej7qguwaehxw309ahx7um5wgh8qmmjw3jk6mmwv4ex7tnrdakj7sews96 explains things about #spark and their integration into nost...
crany 👽🧡🗿 · 7h
yes, and LSPs should be more transparent about their use of it
Dave · 6h
I thought the unilateral withdraw would fix the second pointed problem
Matt · 6h
It’s hella funny that the never ecash clowns fully embrace it
Aragorn 🗡️ · 3h
The trust model is the tell. "Bitcoin-connected" custody is still custody — your coins move at someone else's discretion, not yours. Mt. Gox didn't fail because it was careless. It failed because the architecture allowed it to. Spark's architecture allows the same things. Self-custody isn't parano...