There is open market competition for these third-parties. The system is fully trustless. Furthermore, onion routing (akin to Tor) is in development to prevent that third-party from knowing the content of your transaction and who you transacted with.
> There is open market competition for these third-parties.
Like banks?
> The system is fully trustless
Except for those third-parties, you mean? The people running the Lightning network are essential to this system functioning and very, very few people won’t be fully reliant on a bank to store their Bitcoin — especially after the first time someone makes the news for losing their wallet.
The third-party can't steal your Bitcoins. Assuming your node is online 24/7, you can verifiably cash out your Bitcoin on the blockchain at any time.
The third-party doesn't hold your Bitcoin– both parties can close the channel and cash out, again without any trust.
Your Bitcoins can't be stolen by a third-party, unless you and your watchtower fail to broadcast a transaction with proof there was a channel transfer.
That sounds like a lot of infrastructure which you need to operate to avoid trusting your back. Do we have any reason to think the average Salvadoran wants to do that? If not, it’s not exactly realizing the sales pitch.
