Oddbean new post about | logout
 I know this isn't the conversation you're having, but this just made a question come to mind... 

Legally speaking, when you peg into something like liquid are you selling your Bitcoin for L-BTC or is L-BTC your receipt for them custodying your BTC.  I guess the same question could be asked about Cashu/fedi?  Or maybe we don't have legal frameworks for these things yet (most likely I guess)