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Felix | 11 months ago (raw) | root | parent | reply | flag +1 
 You can have financial self sovereignty on 2nd layers. You can't have 8billion people on chain and there is no technical solution to scale to that afaic.
I wish it would be easy to do but its also not possible to fly to the moon with a car, compromises have to be made.
I guess the best solution for normal people in near to mid future will be Fedimint.
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Fiat Shenanigans 🤡🌎 | 11 months ago (raw) | root | parent | reply | flag +1 
 High fees break lightning too except for custodial services with deep enough pockets to manage channels. Custodial lightning is just banks 2.0.
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Fiat Shenanigans 🤡🌎 | 11 months ago (raw) | root | parent | reply | flag 
 And TBH I would trust Wells Fargo more than Wallet of Satoshi
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Felix | 11 months ago (raw) | root | parent | reply | flag 
 Federated custody lightning will be the future, if you don't like it better use Wells Fargo.
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Fiat Shenanigans 🤡🌎 | 11 months ago (raw) | root | parent | reply | flag 
 That is a defeatist mindset that I will not accept.

Custodial anything will lead to regulatory capture. You will end up with the same surveillance and capital controls that exist in the legacy banking system, only these tools of oppression will be even more effective. At least I'm the legacy system we can still transact privately with physical cash. Get rid of that and you will have even greater tyranny then we have today. 

The goal was to empower financial liberty for all.

Too many 'bitcoiners' today have either lost sight of this goal, or never understood it's importance to begin with.
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Felix | 11 months ago (raw) | root | parent | reply | flag +1 
 A custodian can be a raspberry pi behind Tor running a cashu mint. Good luck to the regulators trying to capture this.