SilberWitch on Nostr: Well, as long as euro prices are highly stable and Bitcoin stagnates. If they start ...
Well, as long as euro prices are highly stable and Bitcoin stagnates. If they start euro stimmies again, all bets are off.
We like pricing in sats because we're offering a service to people who want to get a Bitcoin economy going. As much fun as it is to zap each other, it's more exciting to move larger sums. Feels more significant and it's a harder test.
The fee-advantage of lightning tends to thin out, once you get over 100 euros, or so. I had to use Phoenix to accept payment, at one point, cuz channelz ain't channeling, and the fees were higher than on-chain. 😬 On the other hand, on-chain can be sorta slow. Didn't show up, confirmed, until hours later.
Another thing that comes up, in a real-life situation, is that one person can collect cash euros (rounded up, to cover fees) from multiple people and then send the sum of the payments on-chain or over Lightning. I thought that was a clever work-around, for bad internet connections or whatever. Combine the two cash monies.
We like pricing in sats because we're offering a service to people who want to get a Bitcoin economy going. As much fun as it is to zap each other, it's more exciting to move larger sums. Feels more significant and it's a harder test.
The fee-advantage of lightning tends to thin out, once you get over 100 euros, or so. I had to use Phoenix to accept payment, at one point, cuz channelz ain't channeling, and the fees were higher than on-chain. 😬 On the other hand, on-chain can be sorta slow. Didn't show up, confirmed, until hours later.
Another thing that comes up, in a real-life situation, is that one person can collect cash euros (rounded up, to cover fees) from multiple people and then send the sum of the payments on-chain or over Lightning. I thought that was a clever work-around, for bad internet connections or whatever. Combine the two cash monies.