https://xcancel.com/shocknet_justin/status/1939774027746484579

Yep, first use here: https://stacker.news/items/1019434/r/justin_shocknet?commentId=1019472

It's not a nuanced label as the article implies, but a slur for fake L2's that lie about being non-custodial. https://x.com/shocknet_justin/status/1939774027746484579?t=rVBRBHLZC28FyjfxkLeqjA&s=19

Shinobi, the author of the article, is a faithful waterboy for scammers though of course.

Spark and statechains are 100% custodial, naive users simply hoping they don't rug doesn't change that.

justin_shocknet

lightning

> In the situation where an operator is actually being honest, it fits all the criteria I laid out above to be noncustodial. The user has an unimpeded ability to gain full access to their funds, and no one else is able to stop them from doing that or steal their funds. 
>
> The problem is that it isn’t verifiable. 

@justin_shocknet made the word 'trustodial' afaik.