Paul makes an interesting assertion which really makes me question my metrics for evaluating layer 2 proposals.

Now I had been assuming that one of the most important characteristics of a layer 2 is unilateral exit to layer 1.

But Paul argues that if it's impractical or impossible for everyone on the planet to hold a utxo, then there is no need for them to exit the layer 2 independently.

This blows my mind a bit because, yeah, if people have a UTXO of poverty-level sats, then the fees in this "hyperbitcoinized world" will make the UTXOs into dust on the main chain, even if they hold value on layer 2.

But maybe they can exit to lightning or ecash somehow.