Every true bitcoiner knows - stack of sats should be holded on a cold wallet you have the private key of. This is true because “not your keys, not your bitcoins”. On the other hand we have the Lightning network for everyday use and some of sats are living there.
I'm from the county where there's no chance to buy something with Bitcoin, we're still early here. As I mentioned before on this post, I store 300+k sats to orange pill my family and friends, plus I stacked here on stackerNews 7k sats. My bad I use custodial wallet however I decided I'm ready for this risk atm. So, my daily use of Lightning network consists of tipping great post on stackerNews and tipping my friends’ wallets if they are ready to try an orange pill.
Here comes the question. What the part of your stack or how much sats do you store on your lightning wallet? And how do you use it?
My main focus is to organize my stash on the 3 levels: HODL, cache, spending (think like a bank) https://postimg.cc/vg5Sf85D
From there I use this strategy:
I will repeat this over and over:
10m sats? I can't even dream about it
Now you're a bit closer 😉
Thanks for this generously tips. I'm just dreaming about millions and come closer to it, next generations won't have a chance to grab so much
That's for a PUBLIC routing node, not for a private one. Pay attention to what I said.
https://darthcoin.substack.com/p/private-lightning-nodes
~80,000 sats ($50)
whatever you would feel comfy holding physical cash in your pocket/purse
TL;DR spending = nostr zapping / streaming sats/boosts to podcasts on fountain.fm
not many shops on btcmap.org in my hood yet😂
I still can't start to use nostr.
As you mentioned, yes there's no local place to spend sats, and at some point it's great, I HODL it for better times
nostr is fun like stacker news.
spend and replace bitcoin (wen on chain is low )🤙🏽
sats the standard⚡️
I don't like the idea about storing private keys in browser to conveniently use nostr
Usually about 20k sats. I have a system in which I will buy a grocery gift card from Bitrefill whenever I accumulate 22-23k sats. Then, my balance drops to zero, and I will get motivated to raise it to 20k sats again. Replace what I spend!
Sounds like cash back on my credit card
i keep around ~$200, mostly use it to buy gift cards on Bitrefill. Occasionally I'll find a place that accepts Lightning and shop directly. Any larger amounts I'll only transact from cold storage
As I noticed, most of people answered in replies store less than 1m sats on lightning. And only when you become node operator you dive deeper
None of your business
Now you have 1 sat more. Have a nice day
My phone is worth $1k, so approximately that amount in a ln wallet on the device wouldn't be too weird.
However since I rarely can spend on a day-to-day basis I keep around 200k sats in my main ln wallet. The rest goes to cold storage.
When I purchased my phone it was around 800k sats, store accepted only local currency and dollars
just the lunch money.. sats are not yours if you have a basic set up.. So, why risk?
That's right. In my plans setup my own nodez especially when Bitcoin be legalized for everyday use
LOL Bitcoin do not need anything like that. Bitcoin it just exist and is used.
https://postimg.cc/ZBQy09QS