> hybrid federated custody That's a hoax, it's Shroedinger's node, key distribution can't be verified and there's still centralized infrastructure > Eventually we will have a noncustodial ecash token that is directly redeemable for bitcoin on L1 lol no... thats not how any of this works... anyone claiming that can be done is selling a perpetual motion machine, the physics of the chain are immutable. Lightning as the only real L2 is how it is because it recognizes this, its just re-usable on chain transactions.