Wasn't fedi kind of custodial?
If you’re worried about anything in the current news cycle and you haven’t watched nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 video on Fedi yet, you probably should….and then imagine the scalability and where it takes us.
Discussion
Different - worth watching to understand.
Custodied by a federation. A large Multisig where everyone has to come together to access the underlying bitcoin. It's custodial, but without a single point of failure. It will work well for communities and allow people to transact without fees. Most people will not be able to afford to use the base layer, so this is one approach to scaling it for communities.