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It looks to me like the problem being solved is rather:
The ag-solo wallet trusts the node that it connects to, which makes sense only for validators, not typical users (it's sort of OK in dev mode, since the dev can pretend to be a validator)
What is the Problem Being Solved?
We want to be able to use IBC to communicate between the Agoric solo machine to the Agoric chain.
Description of the Design
Security Considerations
Improved security, as we won't be trusting the full node we're connected to; we'll use CosmJS's light client to verify that they're telling the truth.
Test Plan
TBD, but based on #259
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