No. As it stands today, if adoption really goes mainstream, we will end up with layer one being something that only nation states, major banks, and the world's billionaires transact on while regular people are priced out and forced to transact on L2.

This is probably best. There is no privacy on the base layer.

However we must ensure that self-sovereignty is available to all who want it on our L2 solutions.

Custodial L2 is just banking system 2.0