btconboard #LNHANCE or #CTV 2 months ago

Currently Lightspark is publishing the entire Spark state chain tree, making everything effectively public but pseudonymous (think similar to onchain BTC). This ensures unilateral exit in a simple naive way, but is horrible for privacy.

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btconboard #LNHANCE or #CTV 2 months ago

ALLEGEDLY: Worth reading in full, Lava a Bitcoin loans company claiming to use self custody on chain DLCs with collateral in a unique address was able to push a forced upgrade that converted the product to fully custodial with no information on how collateral is held of proof it even exists, effectively seizing the collateral in violation of their own term of service and which they claimed was impossible. Seems like they may have never used DLCs or they did and they controlled the oracle giving them custodial like control even if you had a key. I know linking to X is taboo, but this is important and worth reading in full. Unless something is open or at least viewable source it isn’t self custody. Be extra careful with loans, start small, and probably only use loans that are either multisig or DLCs with a verifiably third party custodian.