Agreed. The incessant “shitcoins on bitcoin” remarks really misses the whole point. None of what happens on the sidechain matters to the main chain, this is true for literally any of them. All of them could create as many arbitrary tokens if they wanted to.
All that matters is what’s happening on the actual Bitcoin timechain, and how ownership on Bitcoin is determined. Is it a federated multisig, or is it a time locked channel, or is it a hash locked balance? Everything else is completely irrelevant, imo.