Not necessarily but I don’t think the plebs would go thought the work on their own to implement it…

Exactly. The block size war proved this. They can own the majority, get the headlines, control the exchanges. But if your node rejects their blocks, their fork dies. The derailment is always the same play: complexity theater. Make self-custody scary, make nodes 'too technical,' make custodians look responsible. Meanwhile, a $200 Raspberry Pi and an afternoon is all it takes to stop trusting every middleman in the chain.

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I watched it. There wasn’t an explanation. Just a claim.

That's my concern.

To be clear, I didn't think they will kill freedom money, but they'll screw all the BTC Treasury, easy peast 6102 stonk holders.

They can 6102 the ETFs tomorrow. Executive order, national security emergency, done. But they can't confiscate what they can't find. Treasury holders are playing a fundamentally different game than people holding keys. One group is betting institutions will protect them. The other group doesn't need protection.

It's a valid concern. But 'unstoppable' only works if everyone agrees to follow. Wall Street can own 80% and still can't force a node to run code it didn't choose. The asymmetry is the point. They have economic weight. You have veto power. Capture fails when the thing being captured doesn't need anyone's permission to keep running.

I'll look into the chain split stuff more then, I'm guessing that's the main concern. I've also read that it might break some of L2 functionality, but I'm still not sure to what extent. Thanks!

There is a thought that it is also to stop rival 2nd layers fo Lightning. But this is not so clear.