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35 sats \ 11 replies \ @grayruby 14h \ on: Empty Mempool Makes Me Sad bitcoin
Make some transactions. Be the change you want to see in the world.
Where... do I transact? If I want to buy something the best I can do... is a VPN subscription. Oh wait I already paid for that.
And to buy in-person coffee or anything else, I have to travel relatively long distances (possibly over the ocean).
And to actually buy something I might as well use Lightning, which vendors want anyway.
OK so what do I do with on-chain? Maybe a monthly withdrawal from an exchange plus one more if I coinjoin afterwards. That's 2. Per month.
This is why the mempool's empty.
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Fair points. I sent some sats to cold storage yesterday, sent some to freebitcoin to bet on sports and loaded up a lightning wallet. I don't really need to consolidate utxo's right now. I could buy some gift cards using on chain funds but I could also use lightning for that. @realBitcoinDog will sell you his book for Bitcoin. I am sure he will accept onchain.
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I think we are witnessing something really obvious... but somehow it has evaded most of the Bitcoin community?
Most people will rarely touch on-chain. The Bitcoin economy of the future will be 90% Lightning, and folks will use and refill some sort of Lightning channel or channels that they can spend from.
Large transactions, or transactions involving institutions, banks and ETFs will be on-chain but that's about it.
I think it's a mistake for people to 'use on-chain' if they have no real reason to. Bitcoin is not about charity if that's not where people's incentives are... and I have little reason to go on-chain regularly? A couple hundred thousand sats in a Lightning wallet and that's... it. Savings is on-chain cold storage like most people.
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@DarthCoin would never pay me on-chain Bitcoin for my books, but @028559d218 might! Guaranteed more funny than the lightning guides!
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I would pay you in Lightning. Lightning more private (especially for the sender) and lower-fee.
Btw, are you running your own BTCPay server?
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Hey that works for me!! I’d love a review in ~BooksAndArticles like @grayruby did!
My friend who has started a small business is running his own BTCPay server on my behalf. So it’s not quite non-custodial but better than CoinOS I’ve at least shook hands in-person with my custodian. Check it out!
says the one that is throwing away his sats on gambling on indian scam sites
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Doing my part I made 3 on chain transactions yesterday.
My sats. I can do what I want with them and I don't care what you think. I know that's what hurts you the most because you love to try to manipulate people.
Does it make you feel weak that you can't control me with your sorry ass dark side Darth?
Vader died in the end. Albeit a bit of a hero.
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ah no I am happy that you lose your sats...
MORE SATS FOR ME.