Is truly trustless even theoretically possible?

Even Bitcoin (L1) is just trust minimizing solution.

We'll see how it turns out, the markets will decide what are the acceptable tradeoffs.

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Trustless in the sense of "unilateral exit", not in the sense of "no tradeoffs".

LN would be "trustless" in this context but unfortunately it does not survive sustained high fees.

That makes sense. Thanks for clarifying.

Hopefully achievable.