Cashu/fedi - you are as custodial as you want to be. I hope you are the uncle running the mint for the family.
It's not an altcoin at all. Just different payment network and possible custody for Lightning.
L-BTC has a real security model, it's just not very decentralized. But it's there. If there was NO security model, anyone could just take any L-BTC at any time and spend it.
