pull down to refresh
13 sats \ 11 replies \ @handsome_latino 11 May 2022 \ on: How Many Bitcoin Will HyperBitcoinisation Run on? bitcoin
A soft/hard fork may come into play where Satoshis are divided further -- in the Lightning Network it is possible to transact mSats (1/1000th of a satoshi).
It's kind of like slicing your pizza into further smaller slices.
Funny story: on my first Lightning transaction, I saw the fee as been 2000sats and I freaked out. It was actually 2000mSats.
I wonder what we would call mSats, I guess its the same issue taking to people about bitcoin vs sats. I don't think that's the best user experience, but I guess we worry about that when we get there
If we do get to the mSat level, I wonder how many current UTXOs that are considered dust today, would be worth looking for those Private keys again
Lol I moved some bitcoin on Liquid today was laughing because the cost was 400 sats and I was so stoked 2000mSats damn its really stupid cheap to use LN people are sleeping on it, just wish there were more P2P markets for it
reply
Andreas suggested 1/1000th of a sat to be called a sipa after Pieter Wuille's nick. Can't remember if it was actually Andreas's suggestion or he was just relaying someone elses
reply
How about something like Nakamotos? Or Minimotos.
"Just sent you 2500 minimotos (2.5 sats)".
Alright, I know it won't stick. But if it does I have thus written it first (I think)
EDIT: On the other hand it'd be nice to attribute Peter Wuille, as long as he doesn't turn evil -- how will we ever know? ;)
reply
How about calling them Finneys?
reply
Yup my vote goes to Finney or short Fin/Fins also could be nice, but not necessary.
reply
Lol I do think we need to have a finney something, maybe for something on new side chains that launch if we do get things like drivechains or softchains
reply
love this one! 2000 finneys was the fee.
reply
@handsome_latino was charged 2000 sipa to move his sats on LN, lol gotta get used to the jargon unofficially or officially
reply
It is a milliSat. And my impression is that only CLN is able to pay 1msat invoice from a CLN node to another CLN node connected straight through a channel.
coinos.io ignores msat, so does stacker.news wallet.
reply
Ah, I see, I thought it was widely used, thanks for the correction! Take 10,000 mSats ;)
reply
It is widely used by any Lightning Network node, just that they mostly count the fees in milliSats and set the minHTLC to 1000 which is one Sat and so it is not possible to send one milliSat between many nodes. CLN has minHTLC set to 1 milliSat by default. Others can possibly do it as well, just that it is not the default setting.
reply