(^
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Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?*
* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.
Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.
also, SCs are more transparent, if not resilient (adding a certain degree of decentralization amongst exchanges, multisig wallets etc), than offchain solutions, which most exchanges currently uses.
as for the xters centralization scarecrow (lol they care about it nao?) over them exchanges point of sales, they already mostly comply with a lot of the tptb inept KYC/AML/bitlaw ting anyway.
so yes, finally, glad there is innovation.
pushing the scaling debate further down the line is the cherry on the cake.
the xtards tears are being delightful tho.