31 sats \ 9 replies \ @Satosora OP 17 Aug \ parent \ on: What do you do with your SN Zaps? meta
Eventually you might invest in a territory! Save while you can, in the future, we might only be seeing 1 sat zap comments.
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20 sats \ 4 replies \ @zapsammy 17 Aug
there shall be 1-1000 millisat zaps
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41 sats \ 3 replies \ @DEADBEEF 17 Aug
Probably a really stupid question but I thought 1 sat was the smallest denomination of Bitcoin. How to millisats work?
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70 sats \ 2 replies \ @zapsammy 17 Aug
https://fanismichalakis.fr/posts/millisatoshis/ basically, millisats are valid on the lightning network, not on the mainchain.
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20 sats \ 1 reply \ @DEADBEEF 17 Aug
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
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10 sats \ 0 replies \ @Satosora OP 17 Aug
I didnt know that either.
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20 sats \ 3 replies \ @DEADBEEF 17 Aug
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.
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30 sats \ 2 replies \ @Satosora OP 17 Aug
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.
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20 sats \ 1 reply \ @DEADBEEF 17 Aug
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.
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10 sats \ 0 replies \ @Satosora OP 17 Aug
I think things fluctuate as the price fluctuates, and more people get into it.
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