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L-BTC is at least 1:1 with BTC, so they didn't create their own money-supply. You can issue Tethers and others on top in a more native way on Liquid than on Bitcoin I believe, but they also target stocks, which is more honest than tokenomics pump-n-dumps.
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Stacks operates a perpetual ICO and Liquid doesn't.
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how is stacks different to, say, liquid network?
in terms of being considered a shitcoin