fractional reserve on LN. it has begunhttps://www.bitrefill.com/buy/lightning-channel/500,000 sats capacity You pay 0.000403 BTC
2,000,000 sats capacity You pay 0.001341 BTC
4,000,000 sats capacity You pay 0.002011 BTC
8,000,000 sats capacity You pay 0.003753 BTC
16,000,000 sats capacity You pay 0.004825 BTC
Can you explain how that would be possible? Are you telling everyone who reads your post that Bitrefill is issuing "Lightning pegged IOU tokens"?