Oddbean new post about | logout
 In a high fee environment, onboarding people with non-custodial wallet can be very challenging and expensive. More people will be pushed to use custodial wallet. Lightning doesn’t fix this. 
 Self-custody is only possible on L1. You don't have Bitcoin on L1, you don't own Bitcoin. You can't afford on-chain fees, you have to use federated solutions (Liquid, Fedimints) or custodial solutions ( Wallet of Satoshi, Blink, ecash,...).