Oddbean new post about | logout
 It's an indicator of a bigger problem: the users aren't in control of their own keys to unilaterally exit. 
 Bitcoin is a fundamentally flawed protocol if your criteria for success is every user having ownership of UTXOs on the base chain.  
 That's not at all what I'm saying! 
 How can a user "be in control of their own keys with the ability to unilaterally" transact without owning UTXOs on the base chain? 
 The issue is that you're thinking in binary terms of success and failure for technology.

It's about the level of control you have from master all the way down to slave.