reply on: If BTC hit a million tomorrow, what would you do? \ stacker news ~bitcoin

pull down to refresh

182 sats \ 8 replies \ @Undisciplined 11 Nov \ parent \ on: If BTC hit a million tomorrow, what would you do? bitcoin

The opposite has been true so far. When BTC was exchanging for $25k, stackers were only zapping one sat.

I don't think zapping is strongly correlated to the fiat exchange rate, because the incentives come from the reward system.

24 sats \ 2 replies \ @ek 11 Nov

Everybody gets richer here at the same time the price goes up. Maybe that's also related? I think that's called the Wealth effect.

0 sats \ 1 reply \ @Satosora 11 Nov

Richer in fiat? Or bitcoin?

5 sats \ 0 replies \ @ek 11 Nov

I’m not going to discuss this with you again

27 sats \ 4 replies \ @Satosora 11 Nov

Interesting thought process. I wasnt here when it first started so l didnt see how everything went. I can see the CCs staying higher, but maybe not the sat zaps? Who knows until we try it.

30 sats \ 3 replies \ @Undisciplined 11 Nov

As long as k00b continues dumping 100k into the rewards pool every day, then people will keep zapping like they do today. If they successfully find advertisers, then the rewards pool will be bigger and people will zap even more.

30 sats \ 2 replies \ @Satosora 11 Nov

Also, as the site grows the rewards will grow. In the future, k00b wont have to put in the 100k.

19 sats \ 1 reply \ @stack_harder OP 12 Nov

k00b doing this is the only subsidy i approve of lol

8 sats \ 0 replies \ @Satosora 12 Nov

I think the point is that once this site grows to 5 times what it is now, he wont have to.