they always were, this is what everyone was trying to tell you a few years ago but the bitcoin media industry was too loud for anyone to believe what a lot of people on the ground were seeing and talking about at the time, apparently even the ceo of fedi didnt know

https://x.com/obi/status/2097700260910952790?s=20

sure, but my epiphany is that they are clearly custodial services.

Scoresby

let these things play out it takes care of itself, in this case liquid had one use case which was swaps, so if you just used for that you likely were fine, but likely didn’t use after boltz left, with ecash I’m still waiting for a use case I see none yet

> they usually take 3-4 years to cook

Can't cook the bad out of bad principles. 

Fake L2's are what they are. Lightning is how it is because real constraints exist and are immutable.

You can believe in engineering or you can believe in magic, engineering has limits, the way Bitcoin works has limits. 

They may get better at sweeping things under the rug, or coming up with new narratives, but underneath the laws of gravity still apply. They will always be fake and make un-Bitcoin tradeoffs.

justin_shocknet

also worth mentioning, I think these services are fine for certain use cases but they usually take 3-4 years to cook and bake to even have that use case, things just move incredibly slow in Bitcoin especially when it comes to new payment technology the devs work on, always best to just wait and see, you don’t lose any sats that way💫