I agree, but he might not see it that way. He doesn’t like tinkerers. From his perspective, funding them in *any way* may make them more likely to attempt soft forks that could introduce existential or, at the very least, economic risks. He talks about that at length in the SLP episode.

Him and Weiss have also recently made it clear that they don’t care if Bitcoin is a MoE because they’d rather spend fiat against their Bitcoin collateral, indefinitely. So for them, all they’d care about is base layer settlement if they ever need to move their Bitcoin collateral around to get more spendable fiat debt. Any changes that facilitate scaling are a threat to their moat and, to be fair, may introduce risks to their base layer settlement.