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Is lightning network open source and a non-profit? How can we put our trust in L402? Can it go bankrupt? Can it be corrupted? Can it go down?

Yes, the spec is open and contributed to by the main implementations, all open source.

It is a for profit company, software is closed source.

This is completely false.

This I'd wrong. There are at least 4 independent, FOSS implementations and an open specification and spec process.

Then

Can it go bankrupt? Yes

Can it be corrupted? Yes

Can it go down? Yes