Is Decred's Lightning Network non-custodial? Addressing the misconceptions and misinformation surrounding the non-custodial nature of the Lightning Network.

Is Decred's Lightning Network non-custodial? This question comes up frequently. The short answer is “yes”, but to be more specific we’ll need to look into some general misconceptions, which are plenty. For this discussion, we’ll focus on how Bison Relay has implemented the Lightning Network.