Addendum for pedants 😛Yes stage 1 means that a security council with a 75% vote can override the onchain code. However, stage 1 also requires that a quorum-blocking (>=26%) portion of the council sits outside the org that is managing the L1.Hence, the org cannot unilaterally censor or steal via a security council vote, so they are not a custodian.See also here for the math on when switching to stage 2 (even 100% security council vote cannot override functioning onchain code) makes sense: https://t.co/igIEJ3 ...