Understanding Ark Service Providers (ASPs) and Lightning Network

Tiero of Ark Labs joins me on the show to discuss the latest with Ark. We get into: 

• How Ark has changed since initial proposal

• clARK - covenant-less ARK

• Trade offs to make clARK happen

• Which covenants would help vs what is ideal for Ark

• Ark on Liquid 

• Capital requirements and costs

• Fiatcoins

• Nostr

Timestamps:

(00:00) - Intro

(01:37) - What is Ark? ELI5 version

(05:42) - Tradeoffs of scaling payments

(07:41) - Interchangeably using LN & Ark under the hood

(10:52) - Updates on Ark 

(13:57) - What are out-of-round payments?

(17:48) - Trade Offs of out-of-round payments

(19:45) - The fee structure in Ark

(21:39) - Sponsors

(24:15) - Who runs the ASPs?

(28:55) - ‘Congestion control’ with Ark

(33:06) - The role of covenants with Ark

(39:44) - Ark on Liquid

(41:20) - Sponsors

(43:49) - The ideal covenant & its impact on Ark

(48:00) - Thoughts on extreme conservatism on Bitcoin

(52:55) - Way forward with Ark Labs

(56:18) - Opportunities & threats of stablecoins on Ark?

(1:02:39) - NIP46 & building Nostr Connect

(1:06:40) - Summary & closing thoughts 

Links:

• https://twitter.com/tierotiero

• https://arklabs.to/

Sponsors:

• Swan.com (code LIVERA)

• CoinKite.com (code LIVERA)

• Mempool.space

• Nomadcapitalist.com/apply

Stephan Livera links:

• Follow me on X: @stephanlivera

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