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149 sats \ 2 replies \ @optimism 29 Oct \ parent \ on: Is trust the best way to scale bitcoin? AskSN bitcoin

If it weren't so, it would be self-custodial.

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136 sats \ 1 reply \ @SimpleStacker 29 Oct

I thought a lot of these services were premised on the possibility of unilateral exit

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113 sats \ 0 replies \ @optimism 29 Oct

They are larped on that premise, yes.

What I mean: you say unilateral exit is an option, but it isn't. It's literally your only defense. Not optional because it's your only way out. Thus, the optionality of the base layer is a mirage. It's wishful thinking. The optionality is the non-base-layer, i.e. the Fake L2s. You can own Bitcoin without a fake L2, but you cannot own Bitcoin without the L1.

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