HYPE is basically a trusted third party It'll always be controlled by someone If it was an Ethereum L2, we could exit from it to Ethereum L1 if SHTF ------ “Commerce on the Internet has come to rely almost exclusively on financial institutions serving as TRUSTED THIRD PARTIES to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model… What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other WITHOUT THE NEED FOR A TRUSTED THIRD PARTY.” - Satoshi Nakamoto