Exactly. Don’t you have to exchange your btc for L-btc? Liquid btc? After majority btc are exchanged it will be time to increase the 21 million limit. Just like printing fiat system.
For LiquidBTC that is correct. You have to trust they (the 23 (I think) exchanges responsible of Liquid) won't scam you. It isn't correct for LN because the cryptography can't scam you
