I don't want to assume what @David Marcus motives are, maybe they are good and he's just trying to get this off the ground quickly. The issue I guess is in the marketing. This stuff should be marketed as "Not-fully-custodial, non-privacy-protected technology". That would be cool. But right now the "non-custodial" marketing that seems to be happening I think is dangerous, because people (naturally?) assume "If I custody it, then it's private. And this is the Lightning Network, and that is private." ...... That's just dangerous....