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L-BTC is the same as CASHU or Fedi, a token pegged to BTC. Call it whatever you like, but it is not Bitcoin.
The concept is eactly the same as the ones called wrapped BTC tokens used on alternative "smart" contract layers.
People need to really learn the hard way, wait for catastrophes to happen before starting to consider the consequences.
As long as the greatest risk (counterparty risk) is present, I wouldn't touch it with a ten-foot pole.
L-BTC is the same as CASHU or Fedi, a token pegged to BTC. Call it whatever you like, but it is not Bitcoin.
The concept is eactly the same as the ones called wrapped BTC tokens used on alternative "smart" contract layers.
People need to really learn the hard way, wait for catastrophes to happen before starting to consider the consequences.