Trustless systems may still be centralized, but generally can decentralize later. Trusted parties cannot.
Discussion
Where to next?
Bar has shifted, Lightning self-custodial is not competing with on-chain anymore, but with new solutions that have better UX and nearly-0 fees.
Users will not settle for "better than on-chain" wallets anymore.
"Bitcoin simply doesn't work unless there is sufficient demand for censorship-resistant transactions in the world"