Programmable money (ETH, etc) is hard to scale. So people build Layer 2s.
But these Layer 2s are barely decentralized. And now there’s a crop of L2s that are really just multisigs.
But wouldn’t ...
That's basically Liquid. Fedi does something similar with eCash and it's also possible to spread risk between many individual (singlesig) Cashu mints, which can coordinate to make single lightning payments using MPP.
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