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0 sats \ 1 reply \ @pillar 15 Jan 2024 \ parent \ on: Aqua Wallet by Jan3 to go Open Source in as Little as a Week bitcoin
I would have a hard time being convinced that L-BTC is Bitcoin.
The fact that you can buy and sell Liquid with Bitcoin doesn't make it Bitcoin. By those standards, Ethereum is Bitcoin because you can easily peg in and out of it. Probably more easily than with Liquid.
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0 sats \ 0 replies \ @freetx2 15 Jan 2024 freebie
By those standards, Ethereum is Bitcoin
No.
L-BTC only comes into existence when it is backed by BTC. There is no independent supply of L-BTC aside from that.
Its fundamentally no different than a fedimint from a practical perspective