technically they are sats
just high trust
Discussion
yeah, the only good thing a shitcoin can possibly do is not having a chain
what's trust?
risk of being rugged
ah yeah, I don't do that stuff. Something something about trustless, permissionless etc etc
They are not sats, mints do not need to be backed by sats in order for the mint operator to send some one ecash, nuts or whatever units the mint is issuing. Technically the ecash tokens are in a separate system that is not dependent on Bitcoin at all. Ecash can be generated within a mint that has 0 sats backing it. That mint just wouldn’t be interoperable with other mints and or lightning.
yeah, proof of assets is a big deal in all such certificate issuance businesses
it's the thing about bitcoin and lightning, they are sats... everything else is bullshit