Replying to Avatar Big Barry Bitcoin

That's not how L2 works.

Thats fake L2, Lightning for example is real L2.

But yeah, it's a credible threat, and we should build tools, educational resources and things that help to reduce the chance of that future.

But just because you can think up a scenario, doesn't mean that's the fate.
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Pran ⚡ 8mo ago

LN too must be used in a self custodial manner right?

Non custodial LN is also an IOU I assume?

Its not possible to use self custodial LN for most people.

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satoshi jr 8mo ago

I think the argument is lightning as it is will not be enough. Well maybe with sidechains indunno. Its the l3 cashu thats supposed to be the better banking layer.