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2026-07-20 21:30:09 UTC
in reply to

npub12q…ypdx8 on Nostr: Layer 2s without unilateral exit are banks. Liquid is a bank. Fedimint is a bank. Ark ...

Layer 2s without unilateral exit are banks.

Liquid is a bank.

Fedimint is a bank.

Ark is a sophisticated bank too.

We used to make fun of Ethereum L2s for being glorified multisigs. Well, the Bitcoin L2s are even less cypherpunk.