Maybe you meant L2 instead of integration of another L1? Because I don't see any other L1 other than Bitcoin itself, and by doing self-custody there because of the original nature. I see some paths progressing towards self-custody in L2 for the mainstream, but they are still far from reaching a trustless state and/or the mainstream. Since phoenix seems to be making easier/seamless to swap between L1 <> L2, IMO they are a little ahead of the others.

Replies (1)

Default avatar
woolcycle 1 year ago
Thanks, but I do indeed mean integration of another L1. My point is that if we rule out such a possibility, then we have closed off the exploration of another developmental path, and I don't see the logic for doing that, especially given that L2 solutions that tick all the boxes are still some way off. Let's put it this way: if a candidate optimal L1 payment coin and ecosytem already existed, would we want to spend time investigating it?