I just calculated the difference between a $4.99 in-app purchase of sats on Primal Strike and a $4.99 purchase directly in the Strike app.
Primal in-app purchase would have given me 4260 sats, which works out to a spot price of about $117,136 per bitcoin.
Strike would have given me 5001 sats, which works out to a spot price of about $99,780 per bitcoin.
So you’re paying about 17% more by purchasing the sats directly in-app on Primal vs. Strike.
Is it also happening on Android or only on Apple due to them working around the politics of them banning zapping.
Not sure. I don’t have Primal on an Android device to test it.
Yip the same (No cheap sats) for primal users nostr:nprofile1qqsdv8emcke7k3qqaldwv956tstu40ejg663gdsaayuuujs6pknw7jspp4mhxue69uhkummn9ekx7mqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyf8wumn8ghj7ur4wfcxcetsv9njuetnn9mexk i stopped people onboarding with primal only damus or Amethyst. Don't want to be a bad teacher for pe op le ✌️🏳
The feature is meant as an easy onboarding tool. The premium is because of in-app purchase policies and I believe it’s very limited in how much people can buy for that reason. It’s fine for someone who knows nothing about bitcoin, but it’s also good to be aware of so you can educate people once they start getting more into it.
yes that's why. I let them choose between those clients. primal works great for desktop and it's just whatever works best for them to use. I will be happy if they remain active on nostr and wake up here. and say nostr is nice and then delete all those other apps. X insta etc. I'm really tired of the apple android fight. I have had it for 8 years now. but i don't think there is hatred between nostr clients. just a lot of questions from the people who use primal. and have little reach if they are new here? nostr only, primal is also part of that. so everyone has their favorite preference. sorry for the typo 🫂 As long as we have fun. I will continue to use nostr. I'm almost 2 years into it. I have never been socially active online for so long. i build irl 🤙🫂 Pura Vida.🫡 glad there are people here who have the time to teach everyone via nostr. and put their energy and time into it! to help people and show the light. without burning out their candle. to stupid discussions. have a nice day and keep onboarding nostr:nprofile1qqsyv5nszs3qdfq7y2rlmjvphd48dqxa28pxd034vh9zwpy6zzp2hfqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5m9npkv 🍊💊🫂
That’s some spread you got there nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr!
WHAT ABOUT STRIKE FEES?
I based the estimate of spot price on the total cost to the buyer which includes the fees.
Maybe difference is a Strike?
fee..
No, the fee is included in the $4.99. Primal openly charges a premium because of in-app purchase policies.
Yikes. I mean, they have to profit from something, but 17% is way too steep.
It’s not really a profit for Primal though. Apple charges all app makers a premium on in-app purchases, so they adjust their prices to make up the difference. It’s the same reason a subscription to X costs so much more in the X app compared to buying it directly on the X website.
Right, but Strike also pays these 30%?
While you buy from Strike in their app, you don’t buy from Strike using Apple in-app purchase. Hope that makes sense.
In other words, no. You only pay the fees that Strike directly controls. “In-app purchases” are an Apple feature and subject to Apple policies.
Yeah, it does. Not sure how do they evade it, it doesn't matter. If that's the case, I don't see the issue with Primal if they have to pay Apple and are transparent about it.
There’s no issue with it. I was just responding above to someone who asked about the cost difference between the two.
I see that now. I landed here from a different place. 😅
https://primal.net//e/note1q99qj047wax2mw88nlsuzyhff9ffvft0ge7na57h4veyxmp52ffsmusp3e
Yea he’s a big Primal hater. It’s comical.
People gotta eat
Does Primal require KYC?
Non-KYC sats often have a 12-20% premium.
You are purchasing using Apple’s in-app purchase feature. Not sure what info Primal gets when you make a purchase, but whatever KYC info you have to give to Apple and the associated bank for your card would be tied to that purchase on at least Apple/Bank’s end.
Working out what the price of a whole bitcoin would be, is asinine, since that would never play a part in which way your purchased.
It’s roughly 4200(almost 1000 sats per dollar) for primal and 5000(exactly 1000 days per dollar) for strike. I would have no problem spending the extra 80 cents to have it done quickly instead of jumping through hoops by using differ apps and moving it to your primal wallet, which was what my whole comment was about.
TL;DR it’s not worth. Using hem through strike and transferring, at least not for me.
The price of a whole bitcoin is the exchange rate. That’s just how sats are priced when you buy or sell it ANYWHERE, which is why I mentioned it. Either way the percent difference works out the same.
I agree, I just like keeping things simple, lol.
And yes, it works out about the same, as I said in my previous response, I am ok with losing 17% of $5, for the convenience. Some may prefer the lower price and that’s ok as well, I’m lazy and try ti keep the amount of steps I go through, to a minimum. Haha
