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86 sats \ 27 replies \ @IamSINGLE 28 Jul \ on: Why Are On Chain Transaction Fees So Low Now? bitcoin_beginners
How low? I haven't looked at these since I'm holding sats in multiple lightening wallets.
Also, just before a few days, I've listened that fees are too high on the mainnet?
I'm holding sats in multiple lightening wallets.
Keep in mind that LN is not for holding, but for spending.
LN is THE payment network, not the holding network.
Onchain is for holding.
- is good that you spread your stash on different wallets
- is lightning not lightening
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My God! It's for me! My keyboard suggests me the spelling as Lightening. Don't know why? Sorry for the mistake! Will make it sure not say it again that way. Thanks!
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Haha! That happened with me as well. At least he didn't call you a shitcoiner!
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It's because 99% of shitcoiners write lightening instead of lightning. And most of them intentionally.
1st time can be interpreted as a misspelled /autocorrect word, but when is repeated over and over is already intentional or in total ignorance and like joke of LN.
If newbies are afraid to not make this mistake, simply could say LN and is perfectly fine.
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I'd love to see the ledger where you keep track of the mistakes we've made, as well as your formula for deciding which insult to apply.
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After more than 12 years in Bitcoinlandia and a blocksize war (literally shitcoiners war), you will see how is it to fight every single day with fucking shitcoiners...
Many people ridicule me. for being such bitcoin toxic maxi...
Many people laugh of me being such a crazy bitcoin maxi...
Many people are trying to reduce my voice with useless arguments...
I DO NOT FUCKING CARE!
I ALWAYS STAND MY GROUND WHEN I KNOW I AM RIGHT!
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Alright! Please don't start this vocabulary class again! I've had enough of it! I told you before and telling you again that I respect you for your guides but despise you for your overreactions on simple vocabulary mistakes.
I actually don't agree that 99% data on this matter. In fact you need to learn a thing or two about India's English legacy. We all actually feel pride in speaking English but we never take care of pronouncing and spelling words correctly. We are so much into this that we have already started to call it 'Hinglish' (a short for Hindi+English) instead of English.
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Thanks! 🙏 I will remember the next time! 😀
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I'm following you. Thanks!
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I just can't get it that's why I asked. Please tell me, What would be be the cost if I send one million sats to my wallet?
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Given a tx with 1 input and 1 output, onchain size would be 192 vbytes.
192 vbytes x 5 sats/vbyte = 960 sats = 65 cents at $68k/btc
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So, this means that if I transfer 1 BTC to my Cold Wallet, it would cost me only 960 Sats?
I can't tell you exactly what it would cost, but it would be as cheap as I can remember it in the past few years. Of course part of it could be fiat price, but if I recall correctly when prices were at or near this level in 2021-2022 fees were far higher.
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Ohk! Thanks! Will make a transfer in one or two days and will know.
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looking at joho 24hr by count, it looks like next block confirmation is around 4-5 sats per vbyte at the moment
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i see you are a man of culture aswell 👍
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