Sir, please calm down.

The supermarket doesn’t though, I need food to survive.

no

Assuming you’re using a noncustodial wallet, they’re not IOUs. The btc isn’t backed by anything, you have full possession of it. I’ll try an analogy, hopefully it’s helpful.

Bitcoin on lightning is kind of like bitcoin loaded on a bullet train. Once it’s on, it can go anywhere really fast, but you can only get it off at a station (going back to base layer).

And while it’s on, it can change owners any number of times

Are you asking about lightning or the wrapped stuff?

“Btc tokens” are owned by a contract and multisig, you don’t actually hold them, you just have an IOU.

Lightning channels stand on top of the bitcoin base chain. They’re “real” bitcoin in every sense of the word. Plus you can move them faster and cheaper

its not

i hope i didn't just repost child porn

yeah thanks for that

“Btc tokens” are owned by a contract and multisig, you don’t actually hold them, you just have an IOU.

Lightning channels stand on top of the bitcoin base chain. They’re “real” bitcoin in every sense of the word. Plus you can move them faster and cheaper

Some clients only show you stuff from friends of your friends with a few degrees of separation if you want that.