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I have been rather busy of late. I will not indulge in explanation, nor provide a diary of movements and meetings. If one looks carefully, there is a hint contained within this post, and that will suffice for now.
Lightning is not a “layer” in the capitalist sense; it’s an off-chain credit network. That means the discipline of the blockchain — the immutable, timestamped record that prevents fraud and guarantees settlement — is absent. You get promises to pay, not payments. And promises, when concentrated in a few well-capitalised hubs, are indistinguishable from the old banking model where access depends on favour, compliance, and scale.