100%. Bitcoin already works. Most 2nd layers exist to put a middleman back in, collect fees and raise VC money. Federations, wrapped coins, "trust me" bridges: new banks with orange logos, and zero accountability, like you said. For normal people it's simple: self-custody, on-chain, your keys. Everything else is someone else's business model. ๐
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yeah, the line between p2p lightning and these 'trusted' layers is huge. if you aren't managing your own channels, you're just a customer. mostly vcs looking for rent.
Exactly. If you don't run it, you rent it. And rent always goes up.