Some users like to share their Lscripts as *.lsc (LScript Compiled) scripts. For those interested, LWPython can run *.pyc (Python Compiled) files in addition to *.py files. The *.pyc version of the file will still run in LWPython, but the user will not be able to read it.

This website shows how to generate a compiled version of a *.py script:
http://effbot.org/pyfaq/how-do-i-create-a-pyc-file.htm