298 sats \ 20 replies \ @grayruby 18 Sep \ on: How many territories are set for life? alter_native
Sports is month to month. Need a more clearer path to break even and some kind of standard agreement with SN before I would outlay the 3M sats. Also will be good to see how external wallets only affect behavior on SN.
I have been able to pay the monthly territory fee from zaps and rewards earned throughout the month. If I didn't have the territory I would probably just zap most of those sats away so for me it's really just a time investment.
Yeah apparently I may have to stick with month to month payment methods are failing for me for 3M sats
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Did you try a swap-in service like with boltz.exchange? You can pay onchain but SN gets paid on lightning.
Fees don't look too bad right now:
edit: Oh, just saw you already tried in #689875
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He also owes me a chess move. I am Patiently waiting, however :)
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Wow! That would be so cool. A worthy cause for absence :)
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So far, I can give it algebraic notation and it spits out an image.
For example, I can give it this:
e4 c6 Nc3 d5 d4 Nf6 e5 Ng4 Be3 f5 h3 Nxe3 fxe3 e6 Nf3 c5 g4 cxd4 Qxd4 fxg4 Qxg4 Nc6 Bb5 g6 Ng5 Qe7 Rf1 a6 Rf7and it will print this:
Now I just need to hook this up to SN in a way that makes sense. Would be cool if it could just follow a thread and reply to each move with such a picture. Could also be flipped depending on whose turn it is to fix the awkward perspective with the black pieces.
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Is it lifetime of stacker news or the individual. No one would know if I pass away and someone else takes over right?
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Need a more clearer path to break even and some kind of standard agreement with SN before I would outlay the 3M sats.
I agree. There should be one.
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I feel like it's a very low time preference investment. I can see it though.
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I work under the premise that 3M sats are going to offer a significant amount of purchasing power in the coming decades. Those 3M sats may buy you a small house a decade from now. What happens if SN grows along with bitcoin and territories become profitable (you aren't getting rich but you are profitable and making a nice side income or a modest income from SN) then Saylor comes along and tells k00b he wants to buy SN for 5 Billion sats. k00b sells, buys himself a ranch and Saylor takes over. Saylor says it doesn't make sense for territory owners to capture all this value it should go to the company and territory owners are shit outta luck.
Not saying it is going to happen and if there were some protections or if the bitcoin price cut in half from here I would consider it and just replace the bitcoin I spent for it.
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That's a risk I am willing to take. I don't think @k00b would do that. Right now it's really only 1 or 2 typical mortgage payments in fiat terms. And I am earning more passively every month. And I just want to have the territory because I like it. That is how I would look at it. Yeah, there is risk but it's no different than me buying solar panels and miners. I think it will be great passive income.
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Whatever makes sense for you. I just laid out my logic. Doesn't mean I am making the right decision. Maybe SN will remove the monthly option at some point and then I will kick myself for not paying 3M sats when Bitcoin was 30k and instead paying 3M sats when Bitcoin is 300k.
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There is no right and wrong. Just different perspectives and approaches. I know my idea isn't for everyone.
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No comments š¤
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