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32 sats \ 4 replies \ @DarthCoin 7 Mar \ on: What USD amount do you feel comfortable holding in a custodial Lightning wallet? bitcoin
- You are NOT keeping any USD in a LN wallet. Bitcoin and LN works only with sats.
- Those amounts are useless, because you should NOT use just ONE LN wallet but many. Spread your stash in multiple parts, multiple wallets, different types. Each one with a comfortable amount that you spend at a daily basis.
For example: you know that in a week you will spend 1M sats over LN. Then spread that into 2-3 wallets or whatever your are comfortable with.
- Read this guide for more details: https://darthcoin.substack.com/p/stacking-sats-noob-journey
Thanks for the suggestions.
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Everyone knows that there are satoshis in a wallet and not USD. However, that does not mean that people don't calculate in USD.
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Those amounts are not useless. You need to connect them to the real world, which for most people means converting them to their local currency and assessing how much they feel comfortable holding in a custodial wallet. This is similar to what they feel comfortable holding in their physical wallet as cash. The amount of satoshis people will keep in a certain setup will change over time (custodial LN, self-custody LN, single sig on-chain, multi-sig on-chain, etc.).
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All that is bullshit crap fiat mindset.
And that's why we will never make it.