First mistake

I actually don't hate it, just seems to be an idea that's failed a few times already, its merge-mined approach isn't new.

I don't think I've ever seen them misrepresent it, being legitimately proof of work through merged-mining makes it automatically better than any fake L2.

Execution just seems to be terrible, I investigated it to see if it could do things fake L2's are claiming to do as far as bootstrapping Lightning wallets, but the swapping/pegging resources are a nightmare. If they could get their shit together on DX i'd give it another look.

Another issue is its a lot more expensive than Liquid, which if people are going to downgrade security to something pegged then they're going to do that because of cost efficacy.