Nostr Archives

QnA9d ago

Cake Wallet shipped self-custodial Lightning this week. Built on Spark. No channels to manage, but what are the trade-offs? Get your questions 👇 On Friday we're going deep: how Spark's statechain model actually works, what the trust assumptions are, and Seth from Cake Wallet demos the whole thing live. 9AM EST / 2PM UK. Live on the Ungovernable Misfits feed. @f818cd17…041ebdfd @58ead82f…9e6d08f9 @9609b093…0ae73e3d #FREEDOMTECHFRIDAY

💬 7 replies

Replies (7)

Btcwrestle9d ago

Is it accurate to describe Spark as self custody? No shade, genuinely curious. Seems like using Spark is regulatory arbitrage to keep wallet devs away from being considered money transmitters and just shifting that risk to Spark.

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Marc9d ago

I agree, but Cake doesn't collect KYC information though. This is why I am willing to test it, but I am not willing to test the Wallet in Rumble.

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Louferlou9d ago

Spark seems to be really close to a custodian model tbh, as much rely on the will of the Spark entity to not rug you. But curious to hear this episode, even is Seth will triger me as usual 🤣 for sure. Bitcoin and Lightning doomer but Spark enjoyer perfect receipe to triger me.

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Nick Klockenga9d ago

Is Cake Wallet on nostr? If not, why? :)

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The Daniel 🖖9d ago

They’re here but don’t post much. @9140435b…874d0928

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