It’s not dependent on bitcoin. You don’t need to run a node. All you need is a funding source while it’s common for mint operators to assign a lightning address it could be any shitcoin or any fiat currency there is no bitcoin requirement of any kind.

It’s a trust me bro IOU system

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Good point. It's just banking. Free banking works in certain contexts, but you really have to verify/have a lot of serious consequences for custodians of your bitcoin. It's best used amongst friends and family.