this post was submitted on 16 Nov 2023
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And it's controlled by a 5 of 7 (or 8?) multisig? I see it as a great representation of how little security and decentralization actually matter to money grabbers.
ETH is also very centralized and is pretty unsecure.
The real layer 2 chains are not any better in this regard. Arbitrum, Optimism, etc they all have multisig admin keys that can steal funds from the bridges, etc.
Metis is trying to decentralize their sequencer if I remember correctly.