Ah so scam ones are those who lie about having backing-BTC in the bank?

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Yes. And we can easily (& very publicly) call them out

Awesome!

Also, lastly. Dumb question. The 1 cashu is 1 sat?

That would make sense. Hence the protocol focus.

Yes. Cashu denominates all amounts in sats

There are also stable mints, which peg your cashu wallet to $ if desired (all backed by Bitcoin)

Both Boardwalk.cash & stablenut.umint.cash have fiat pegs if desired. Can always denominate in Bitcoin too. User choice.