I think the BTC we keep at LN is like the money we carry,
and the BTC we keep at On Chain is like the money we keep it at safe places.
Since I'm just starting to create LN Wallet,
I would like to know your opinion for the best ratio?
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Always keep in mind this scheme of 3 levels of stash:
I would split it in: 60 - 20 - 20
https://i.postimg.cc/MTL2kvT0/3level-stash.jpg
More guides I wrote about these things on my substack:
https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like
https://darthcoin.substack.com/p/getting-started-ln
https://darthcoin.substack.com/p/lightning-wallets-comparison
https://darthcoin.substack.com/p/private-lightning-nodes
60/20/20 sounds like a lot depending on how much is in your vault/multisig.
For me it's more like 5 times less than the more secure one. So assuming my total stack is 124, I would go for 100/20/4.
Exactly what I though.
It depends of your holdings and what are you doing.
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I don't have a set ratio or amount. I keep what I think I might spend soonish on Ln the rest on-chain. average ratio over time for me works out to about 1:50.
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I'd say in the current market just to keep a few million sats. On chain transactions are super cheap (110sats).
But I might start putting more into lightning over the next year before the halvening. It would be a good idea to prepare a little for another bull run & congested mempool.
Super cheap? Not compared to 90% of other cryptocurrencies... And if you pay 110 sats, most of the time you'll get into a block maybe in 3-5 blocks..
Most other cRyPt0 are not money. Don't get fooled by "cheap" fees.
110sats is a few cent for transferring the hardest money ever created. That's AMAZING!
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According to mempool.space to get into the next block, this is posted at 9:39pm EST btw, you need to pay at least 3 sat/byte. That's about 10 cents or 426 sats
https://ibb.co/rpg1VzB
Yeah, but 1sat/byte are getting through in a fee hours. Depends if you need it sooner OR if an exchange like binance consolidate dumps on the mempool. Then you might need to pay more
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Depends how much you have, rich people need smaller amounts of their wealth readily available for their life's expenses. if you have 10 million dollars of bitcoin, having more than $1,000 on LN is excessive IMO, and so your ratio would be 99.99 % on, .01% off chain
But in general...
Keeping it off chain is best, and the colder the better
So most in a onchain cold wallet you access once a year: 75%
Then a "warm" onchain wallet you access once a month 20%
Then a hot onchain wallet you access once a week 4% this is where you switch it to your...
Every day offchain wallet 1%
It's now about 1 dollar or less to move it off chain, I guess if that doubles or triples, doing that once a month could save some sats.
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It's literally the same you were already doing with fiat.
The actual split would depend on both your stack and your spending habits:
If you're super rich but spend a little:
95/4/1
if you're super poor but spend a lot:
50/40/10
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