It's the exact same, custod6is custodial. At least uncle Jim nodes localize trust to where it exists already, the house/business/community. Liquid is centralized custodial. Peg, lol.... What they user holds is ious.

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You can't solve the core issue. That's just how it works. Those are the constraints. But to act as if there can be no other emergent L2 is a fallacy. Ark was halfway there but the ASP is too centralized and carries too much trust alone. Liquids trust model is better than ark, but ark scales payments more than liquid of course because VTXOs... We can build something better than both. Or complimentary to one another.