pull down to refresh

238 sats \ 1 reply \ @Sasquatch 22 Nov 2023 \ on: Stranded sats bitcoin
I can sort of relate to that. I have some various alt's that I have sitting in various wallets, and some on side chains of ETH. In some cases I might I have $100 worth that I now want to flip to BTC. However, the transaction costs on ETH are so high that it makes no sense to move them now. I have to find a various ways to use these scraps. One way I found is that I was able to swap p2p for BTC. Huge win! So trx fee's to send are not nearly as high as to interact with defi. So, applying this logic of the BTC fee problem that is possible in some future universe... I can imagine having a wallet with say a 1mil sats, and let's say the fee would amount to 30% of the value. In this case you could give the wallet seed in exchange for some other value proposition. Or recover the seed in another wallet as a mode of transfer. Boom!
write
preview
31 sats \ 0 replies \ @elvismercury OP 22 Nov 2023
I can imagine having a wallet with say a 1mil sats, and let's say the fee would amount to 30% of the value. In this case you could give the wallet seed in exchange for some other value proposition.
Exactly -- real-life xfer of Opendimes, or some similar thing, is another kind of L2. I think the xferring of seeds wouldn't work by itself, as without sweeping contents on-chain to another address both the seller and buyer would now have access to them. But that general idea will be important, I expect.
reply