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Will you change your default zapping value if bitcoin 10x in dollar terms?

714 sats \ 28 comments \ @south_korea_ln 12 Oct meta

I guess it all comes down to how you think about Bitcoin.

Either the value of Bitcoin in dollar terms doesn't matter to you, the same way the value of Dollars in Korean Won don't matter to Americans who never plan on selling their Dollars. 1btc = 1btc. The true maxi mindset.

Either you estimate that your zaps will be able to buy more in the fiat world if btc 10xs. Or even in a bitcoin standard world. 100 sats are worth less now than 100 sats in a bitcoin standard world.

I'll be happy to hear arguments too for the other options.

As a side note, for (potential) territory owners, what will be your thoughts if territory fees don't change either in such scenario. If you still need to convert dollars into btc to pay the monthly fee, 600 dollars/month is quite steep a change compared to 60dollar/month. And does this consideration of future behavior affect your thinking in deciding if you (will) keep paying monthly or switch to paying the lump-sum?

Could this also explain the fact people seem to be less generous with their zaps compared to 1 or two years ago, when bitcoin was priced lower in dollar terms?

No, I'll keep it the same. 1btc = 1btc44.4%

Yes, I'll decrease it.36.1%

Yes, I'll increase it0.0%

I don't know yet19.4%

36 votes \ poll ended

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185 sats \ 1 reply \ @Wumbo 12 Oct

Good topic, I have 2 comments:

Zaps

I think it might depend on if k00b and SN team decide to support millisatoshi (.001 Sats) in the future. I am guessing they support this in the database already but I don't think the SN UI allows zapping less then a sat

I could see a day when one might be able to zap .069 sats on SN. If this functions gets added I will probably decrease my default zap.

The office space team already does this

Territory

As a side note, for (potential) territory owners, what will be your thoughts if territory fees don't change either in such scenario. If you still need to convert dollars into btc to pay the monthly fee, 600 dollars/month is quite steep a change compared to 60dollar/month. And does this consideration of future behavior affect your thinking in deciding if you (will) keep paying monthly or switch to paying the lump-sum?

I have often wonder if there will be any change. Does anyone know if k00b has spoken about changing territory fees? Either up or down.

10 sats \ 0 replies \ @WeAreAllSatoshi 12 Oct

millisats are in fact supported in the database. Or at least they were last time I was in the codebase

74 sats \ 0 replies \ @k00b 13 Oct

219 sats \ 3 replies \ @zapsammy 12 Oct

i hope we'll start dropping nuts in a stacker.news nut fork

1 sat \ 0 replies \ @BlokchainB 12 Oct

That would be nuts 😂

0 sats \ 1 reply \ @south_korea_ln OP 12 Oct

What would be the incentive for that, for you?

@calle ;)

0 sats \ 0 replies \ @zapsammy 12 Oct

making it fun and easy for everyone! like a game. stacker.news is demonstrating that already, so stacker.news on a cashu standard would have to be even better.

31 sats \ 8 replies \ @User21000000 12 Oct

At some point you may look back and go someone zapped me 1000 sats 😲will be like the bitcoin for pizza story

1 sat \ 7 replies \ @zapsammy 12 Oct

i already think that 1000 sats is a lot for an idea.

0 sats \ 6 replies \ @User21000000 12 Oct

Yes I think so as well but it happens plenty on sn

1000 sats \ 5 replies \ @anon 12 Oct

deleted by author

0 sats \ 4 replies \ @User21000000 12 Oct

What did I miss haha 😝

0 sats \ 3 replies \ @zapsammy 12 Oct

"lol" troll

0 sats \ 0 replies \ @User21000000 12 Oct

Did you zap him 1000 sats haha

1000 sats \ 1 reply \ @anon 12 Oct

deleted by author

0 sats \ 0 replies \ @User21000000 12 Oct

Haha

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20 sats \ 0 replies \ @OriginalSize 13 Oct

Dollar-terms no, value-terms yes. Zaps are mostly for fun in the piece of bubble gum to candy bar range. Starts to mean something around the coffee level and gets serious when it can pay for lunch or dinner. I love that all of the above are within a tap or three.

0 sats \ 0 replies \ @Satoshi__Nakamoto 13 Oct

1st

0 sats \ 0 replies \ @Satosora 13 Oct

First, I dont know. I dont know if I will remain on this site long enough to see a change in how I zap. As I have gotten more, I have become more generous with my zapping. But I am starting to become more picky how and who I zap depending on the content. I have noticed my comments are starting to pick up more zaps, maybe because I have been here a while? But at the end of the day, I believe I will keep zapping the same way, unless the whole site changes all together towards a certain direction.

0 sats \ 0 replies \ @siggy47 13 Oct

I am hazy on the exact timeline, but my default zap here was about half what it is now when bitcoin was under 20k in 2nd half of 22 and beginning of 23. I never really thought about it honestly.

0 sats \ 0 replies \ @7e6e393a56 13 Oct

I accept any answer to this question. I don't fight with reality and I don't know people's financial condition to make any kind of judgment

0 sats \ 0 replies \ @Rothbardian_fanatic 13 Oct

Since a sat is so small I would not change my zaps at all. If we were talking much, much more, I might lower the number of sats per zap.

0 sats \ 0 replies \ @grayruby 13 Oct

Likely won't change but it will be dependent on all other stackers behavior to a degree. If I am zapping 50 or 100 sats and everyone else is zapping 1, I will probably change too.

0 sats \ 0 replies \ @Manikese 12 Oct

Yeah, instead of spending like 5 cents to like a post I’m not going to spend 50 cents. I’ll just adjust the sats I zap

0 sats \ 0 replies \ @rebel_nomad 12 Oct

I'd focus on investing rather than zapping I think...

But first of all I'd fortify my existence so that I can be more effective in the fight for freedom!

0 sats \ 0 replies \ @Coinsreporter 12 Oct

I think that will depend on others too. If others will start dropping their zaps and you won't get that much you're getting now, at a certain point you'll have to change it, drop it.

I think it's already happened here. If you look at last year's posts and comments and compare it to nowadays, there's a huge difference.

I can't say if that's due to dollar going down against Bitcoin or anything else.

0 sats \ 1 reply \ @Turdinthepunchbowl 12 Oct

21 sats = 21 sats, now and in the future.

0 sats \ 0 replies \ @1GLENCoop 12 Oct

21000 msats = 21000 msats in the future.