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
• Subscribe to the podcast
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