pippellia on Nostr: Ark is cool, but the biggest concern for me is the capital requirement. To put it ...
Ark is cool, but the biggest concern for me is the capital requirement.
To put it into perspective, to achieve Visa scale, the ASP has to anticipate 1 month of payment volume, which is roughly $1T.
In the case the state is weak, Ark can work, but fedimints work even better: scale much better, are more private, and high competition keeps everything in checks.
In the case the state is oppressive and strong, Ark is fucked because only a few companies can have that much money, which means the state can go knock on their doors.
To put it into perspective, to achieve Visa scale, the ASP has to anticipate 1 month of payment volume, which is roughly $1T.
In the case the state is weak, Ark can work, but fedimints work even better: scale much better, are more private, and high competition keeps everything in checks.
In the case the state is oppressive and strong, Ark is fucked because only a few companies can have that much money, which means the state can go knock on their doors.