This exactly. My GF works at the CBC which gives me some insight to what's going on behind closed doors and let me tell you that I've never seen such incompetence and mismanagement at the management level. An additional $400M will go up in smoke the minute the cheque clears with very little to show.
Sad state of affairs. Blockstream/Core has crippled Bitcoin in order to conveniently provide a solution which takes transactions off the Blockchain. This of course will be quite profitable for Blockstream which, coincidentally, has most of Bitcoin's core developers on the payroll. Bitcoin has been usurped.