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281 sats \ 9 replies \ @Undisciplined 25 Mar \ on: Why should someone own a territory? alter_native
Those are all good questions. I think they're still working out exactly how all of this is going to work, but I've heard that the idea is for territories to be transferable.
If I were buying a territory, I would buy it outright: 100k a month is a lot. There's been some talk of allowing co-owners, so maybe you want to wait until they let us know how that might work.
It is transferable and holds some kind of value, I can see it as an investment. Like it's just 3 million sats locked up.
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I look at it differently. I am ok with the 100k sats a month as long as I can generate 100k sats in rewards for the month to cover it. I am going to be on SN anyways so I don't mind putting those rewards back into the site via the territory fee, whereas if I outlay the 3M sats that is 3M sats less in my stack. I could theoretically spend the 3M sats from my stack and then just buy 3M sats to replace it but I am not working so I don't want to throw off my budget.
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How long do you want to have it though. Because after 2 and half years paying 100k, you could have purchased it, right?
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Yes this is true and I will hopefully have it for many years. At some point it might make sense to outlay the 3M sats but as long as my monthly rewards are meeting the 100k fee I am ok keeping it this way. Also at some point I think they will have to lower the cost of territories or have some sort of dynamic pricing to reflect Bitcoin's purchasing power at the time.
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I get that perspective. I like set prices.
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Do you worry about being able to continue generating 100k a month as bitcoin appreciates?
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And I just started so I have no idea what I might generate really
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No. I think zaps stay small bit the number of participants grows and it balances out. 1 btc = 1 btc. Stacker is helping to set the value of things in Bitcoin. I like the fact that they have set prices and plan to keep them.
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