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![IanSmith_HSA Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1498633090704580609.png) Ian Smith [@IanSmith_HSA](/creator/twitter/IanSmith_HSA) on x 3598 followers
Created: 2025-07-20 18:40:25 UTC

@doncurrent_ I am always scared about the security of Bitcoin Layer 2, since of them claims to "securely" manage your private key and another is spending the "staked" Bitcoin as tx fees. First one is theft, second one is a Ponzi. Why do you have a token if you are on a layer 1?


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**Related Topics**
[token](/topic/token)
[coins layer 2](/topic/coins-layer-2)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/IanSmith_HSA/status/1947003680722444479)