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 Subscribe to Substack