I just had a discussion with @Fabs about what he does with his sats. I was surprised to find out that he also keeps his balance on here. I know SN is changing their wallet features. I am just curious, are there any others that dont take anything out of SN? Or if you do take it out, what do you use it for?
175 sats \ 2 replies \ @Athena 17 Aug
Nothing, becaus after zapping back. I don't have so much
reply
It is always a good philosophy. Keeping the sats in the ecosystem is healthy!
reply
Yes you are right
reply
I keep them all here and zap back. Sometimes I zap large(r) amounts as gifts for inspired content with accumulated earnings. So if you get a 5k or 10k zap from me, now you know.
reply
If you ever need to practice your zapping-skills, I'll volunteer.
reply
Those zaps are always a good surprise!
reply
I use the sats earned in SN to pay for VPN and mobile data, food sometimes, and keeping some for SNing.
reply
You have a good setup. And you make great articles! :)
reply
30 sats \ 1 reply \ @Natalia 17 Aug
thanks!
stackers shouldn't be guilty of spending the sats earned here; it's actually quite nice to use them to support Bitcoin business instead of going back to fiat and then spending it.
reply
Right. Supporting the ecosystem is always good. I just havent had a need to take mine out yet. Maybe someday in the future, especially with this wallet upgrade happening.
reply
I zap back some sats and rest sats Stacking for rent a territory in future for Hindi language.
reply
You should get together with all the other guys and make a territory together. Start it up early so you can drum more interest.
reply
I will try my best.
reply
Good luck man
reply
Thanks
reply
Well hot damn! He did it, he really did it.
There's a surprising amount of engagement, too!
It does look like we are a bit special, ain't it? 👀🤭
reply
Haha You are so late to the show. There was quite a bit of engagement. You made me do all the heavy lifting.
reply
You made me do all the heavy lifting.
I did that all out of love, of course, I want to see you grow both mentally and physically... 🌝
reply
reply
No? No warm tingles in your belly after reading all that?

What. A. Shame.

reply
Collect it to zap some interesting content over here Atm these sats as game tokens I can send to real people
reply
Of course, interesting comments and posts always get the zaps!
reply
I zap back some and withdraw some.
reply
What do you do with your withdrawn sats?
reply
I'm stacking them only.
reply
Stack'em, what kinda question is that? :-)
reply
Not everyone has this mentality.
reply
125 sats \ 3 replies \ @Golu 17 Aug
I zap them back!
reply
Even though you zap back, you still accumulate some in the long run.
reply
68 sats \ 1 reply \ @Golu 17 Aug
May be I'm just from a few days here so let's see what happens. If I accumulate 10000 or 20000 sats, I would also distribute here.
But it will take too much time to accumulate 10000 sats.
reply
I dont know if any of the older SNers remember this, but after you get to 10k, you cant really see your balance. It rounds up, which is kind of different. I always liked seeing every sat increase and decrease as I used it. I eventually got used to it, though.
reply
Nice try, Fed.
reply
Haha I was wondering when I was going to get this comment.
reply
I was surprised it wasnt already made. 🤣
reply
Yes, seems like many of my posts need this comment.
reply
All my SN zaps are still right here. My balance is small enough that I’m fine with leaving it right here for now.
reply
Eventually you might invest in a territory! Save while you can, in the future, we might only be seeing 1 sat zap comments.
reply
there shall be 1-1000 millisat zaps
reply
Probably a really stupid question but I thought 1 sat was the smallest denomination of Bitcoin. How to millisats work?
reply
https://fanismichalakis.fr/posts/millisatoshis/ basically, millisats are valid on the lightning network, not on the mainchain.
reply
Thank you for sharing that. Millisats make a lot more sense now.
This was the part that I was missing:
Upon closure, the amount of funds you own in a channel is rounded to the nearest satoshi. Got 100,011.430 sats? That’s 100,011 sats when you go back on-chain. Where did the 430 millisats go? They were simply pocketed by your peer on this channel, because his amount was something like 36500.570 sats, which is rounded up to 36501 sats in the channel closing transaction
reply
I didnt know that either.
reply
I’ve thought about creating a territory but most of what I can think of is already here. Yeah I’m worried the zaps will go down once the new wallet changes fully take effect same thing happened to Nostr once Apple cracked down on zaps.
reply
I was thinking they would decrease because the value of bitcoin increases. When we look back to this time, we will be amazed that @grayruby was random zapping 1 to 1000.
reply
That is true too. I noticed that trend on Nostr as well. When Bitcoin was low, Zaps were larger and more frequent. Then as the value of Bitcoin rose, the frequency and quantity of zaps went down.
reply
I think things fluctuate as the price fluctuates, and more people get into it.
reply
I think it makes sense to keep at least 50% to help keep the SN economy running ie to fund your zaps and posts etc. No hard and fast rules though! Whatever works for the SNer. Glad to be here!
reply
Yeah, one needs ammo in order to shoot, after all!
Glad to be here!
And boy are we happy to have ya!
reply
Thanks! Very heart warming….
reply
I moved some of the sats earned here to my SATs Piggy Bank, the rest is used to zap users and pay the fee to post some content.
reply
Stacking sats is always a good idea.
reply
I'm still collecting them, hopefully one day the price of sats can soar high and they can be used only for necessary needs.
reply
Yes, hopefully bitcoin increases in value by many times. And we have all stacked enough for our retirement.
reply
That's right, I also hope for that, friend, that the savings we need in old age and retirement have been collected and we just have to enjoy them.
reply
Zap other people as much as I can
reply
141 sats \ 3 replies \ @gmd 17 Aug
Yup. I'm 180k sats net negative lol
reply
What? You are negative?
reply
41 sats \ 1 reply \ @gmd 17 Aug
553.9k stacked \ 734.3k spent
Here for fun and to support the community.
reply
lol You play in style.
reply
This is always a good philosophy.
reply
I zap them back!
reply
Thats good!
reply
20 sats \ 1 reply \ @suraz 17 Aug
Half of them are still here and remaining i transferred it to my wallet. Hoping for someday it worth it enough to do something good.
reply
Me and you both. Hopefully all the sats I store here can be used for retirement.
reply
I may be in the minority. I spend them like a BOSS
reply
Haha I know you do. Spend them like they are going out of style. Each to their own.
reply
I used to buy gift cards with extra sats earned on SN but now I just pay for the territory with them.
reply
Are you able to make enough to pay for the territory?
reply
Yes. Not in territory revenue but territory revenue plus what I stack in zaps and rewards over the month is usually just enough to cover.
reply
Thats good. I always feel your sports posts do well. I would comment more if I knew about half of the things you talk about. haha
reply
They usually do pretty well. I have been doing them a long time now. I started posting about sports daily July 2023. Before that I only ever posted about sports if I was doing a contest for playoffs or something like that.
reply
Yes, your territory has a lot of activity! :)
reply
I’ve used it to pay for VPN services a few times. Over a years worth of Mullvad VPN.
I also use it to cover fees when doing swaps from lightning to on chain
reply
VPN. That is interesting. Something I should think of doing.
reply
I follow the @Fabs strategy.
reply
🙂. There's actually a strategy called the "Fabian" strategy, a military strategy where pitched battles and frontal assaults are avoided in favor of wearing down an opponent through a war of attrition and indirection.
reply
Is that what we're doing?
reply
No, we're slowly enriching ourselves while making others happy, too! 🙂.
reply
As I've seen the cowboys ahead of me slowly drop off, it does feel like I'm winning by attrition.
reply
Yeah, you've got quite the streak; If I'd own a hat myself, I sure would've tipped it your way!
reply
Oh wait, I do!
"Tips hat in a slow- yet determined way"...
reply
But you have a territory that takes a big chunk of your sats, right?
reply
Nope. I'm just a wanderer in these territories, offering my services wherever I can.
reply
Your balance must be up there. I told Fabs I wanted to have the highest balance on SN. His was larger.... deflated me instantly.
reply
I would wager mine is the largest, because anyone who's made more than me is also too smart to keep it here.
reply
Maybe someday you will use it, and mine will be larger :P Plus you will have to be paying for the territory you are going to start.
reply
I have an aversion to taking it out of the SN ecosystem, but I’ll get over that at some point.
reply
I do, too. Im not really interested in the profit. But it does allow you to have freedom to post the way you like.
Yeah, I'm with ya on that.
reply
My balance mostly lives here, but I don't have so much that it's something I generally need to think about.
reply
Same with mine. Makes things easy.
reply
TheWildHustle likes connecting rewards and zaps to the sn wallet and autowithdrawing to strike once the balance is over 11k. From there he'll either throw sats into jam on start9, buy a giftcard from thebitcoincompany, buy some ai credits, zap some freaks etc.
I don't think we have a product out in bitcoin that allows users to easily track how much they're zapping vs getting zapped. Most freaks probably have 3-4 transaction histories, which when put together, detail a clearer picture.
Would be cool if the unified balance nostr wallet nip, generates excitement around some sort of sat stream visualizer to accompany it.
reply
The truth is that I am new to stackers news and because I am new I have only a few sats stacked and the person who is teaching my brother and me from the beginning told us that everything we stack. We must return 20% in order to keep the sats in circulation... and I have done so every day and since this application, if that's what it could be called, it is job by job... I think that others also deserve their reward for their publications... So we all feel motivated to interact with more people who are in the world of cryptoeconomics.. 💪
reply
Yep, it's a constant give-and-take, otherwise the system won't work.
reply
  • Zap interesting stuff
  • Spend the sats by posting new stuff and participating in discussion
  • Withdraw when they are needed elsewhere
reply
0 sats \ 2 replies \ @OT 17 Aug
I zap about as much as I get so it stays pretty constant. Sometimes I take some out to zap over nostr, or to donate to projects I like.
reply
Ah, a 1:1 ratio huh? I'm currently setting my aim on a 1:4 ratio.
reply
0 sats \ 0 replies \ @OT 17 Aug
It goes down usually but then I write a post every now and then that does surprisingly well and it goes back up.
I found this general balance after raising my default zap to 101 sats.
reply
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.