Mempool founder lists potential risks of some Bitcoin L2 projects, Ordinals founder agrees

Mononaut, founder of Bitcoin browser Mempool, expressed the following views on the current Bitcoin L2 craze on the X platform: If a Bitcoin L2 project does not support unilateral exit, then it is not a real L2 but a multi-signature; If a Bitcoin L2 project has VC investors and its own tokens, then it is not a real L2, and this token is a pump and dump junk coin; If a Bitcoin L2 project provides "reciprocal rewards" based on how much the user's friends deposit, then it is not a real L2, but a Ponzi scheme; If a Bitcoin L2 project is supported by an upgradeable Ethereum contract controlled by a single company, then it is not a real L2, but a Rug Pull scam that may happen at any time; If a Bitcoin L2 project provides rewards to lock up users' tokens for as long as possible, then this is not a real L2, but Hex 3.0; If a Bitcoin L2 project claims to be Bitcoin native, but is actually just an Ethereum multi-signature, then it is not a real L2, but a seemingly friendly scam; If a Bitcoin L2 project has no white paper or technical details, only 20 If there is a page of documentation explaining how to deposit BTC and calculate future returns, then it is not a real L2, but a disguised Bitconnect (a collapsed cryptocurrency lending platform). Ordinals founder Casey said: "Facts."