I am still trying to get my brain around it, LN I atleast theirs an enforced tether to the chain through channel closing, what I am more concerned about is all the paper claims going on in bitcoin with these CEFI services and shitcoin casinos. You know for damn sure they're rehypothicating because normies are not taking their coins off exchanges.

If banks offer bitcoin and don't do it the way Custodia is pitching then we're going to see a massive inflation through paper bitcoin, which I already think is a problem

Until we move to a model exchanges are built on LN, Liquid or lets say space chains where you can force it back to the basechain, we have limited control over the "backed" by bitcoin

It has to be default that you can call bullshit on a service, and at the moment we dont have that