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0 sats \ 4 replies \ @random_ 21 Aug 2022 \ parent \ on: @moneroshill's bio bitcoin
- Open a channel >$3
- send <$3
- ???
- Profit.
LOL most shitcoiners are underpants gnomes
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The fees are like 3 bucks. The answer is to just spend more money? How is that sustainable in the long run?
Hypothetically, let's say bitcoin takes over the world in ten years: the fees will be astronomical. At some point "just spend more money" is no longer a practical solution for the majority of users.
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Opening a small channel doesn't make sense. Channels are meant to be used more than once. That's the whole point. If you have recurring purchases, you can open a channel to save on miner fees.
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It would be interesting to see a calculator that could estimate profit based off channel size and fee settings.
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