For small amounts like zaps I think custodial is fine. nostr:nprofile1qqstxwlea9ah3u6kjjszu6a7lrnhqkfh8eptp2z6v0e9558tlkkl2rgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshszxnhwden5te0wfjkccte9ekkjmnfvf5hguewvdshx6p07xr4s5 and nostr:nprofile1qqst4qyeqenw7zm0fwjsty68h6cnys5jre2xd8ngqpjv5a2j26s78fspzemhxue69uhhyetvv9ujucm0d9hx7uewd9hj75a0pev are my favs. I use them both for zapping interchangeably.
For self custody you will need to start with a large enough amount to make a channel worth while. Then purchase a channel for incoming liquidity. nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzyrhwden5te0dehhxarj9ekxzmnyqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueq555fk2 is my recommendation here but nostr:nprofile1qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0spzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcprdmhxue69uhkummnw3ez6vfwde3x7tnpdenkzmnf9e3k75xqss4 also now offers this.
I use Zeus with my own node for self custody solutions.
*over
Under $100k/BTC
I mean I'm stacking over, under, at... it doesn't matter.
GN
GM
Ok got ya.
I hold long term anyway because another major problem I have with fold is they don't have lightning withdrawals. So I want to amass a large enough UTXO to be worth holding onchain. That's about 1mil sats for me. So that takes a long time to amass in rewards.
They do separate the rewards sats from the sats you buy (roundups, direct deposit) so those you can move to cold storage without tax implications.
I gave Fold a chance. But everytime I want to use it, I notice new things that don’t make sense to me.
The debit transfer has 1.5% fee. So you have to do bank transfers.
Coupons do not activate instantly. They need 48 hours. So every time you need to buy something, you have to either plan, or wait.
Sats are taxed as profits when you withdraw. So even if you get 3% back, you will lose 1% for tax.
I seriously don’t understand the model 🤷♂️
But at this point I’ll continue to get 2%-3% from my credit cards, use those to buy bitcoin directly and send them to cold storage.
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev what am I missing… how is this more sats that CC rewards?
Where do you buy Bitcoin directly with credit card? I've yet to find a way to do this efficiently. What is this 1% tax?
For me, I have paycheck direct deposit to fold. Some percentage gets instantly converted to Bitcoin. I use the debit card for daily purchases like gas and groceries. I earn a small amount of sats for this, and I do roundups to get more sats.
I also use it to pay my bills, but that is real small percentage. Like 0.25%
I agree it used to be way better. But this still works for me. And is net positive.
GM
Just finished this. Excellent, approachable book for going down the quantum gravity rabbit hole.
#bookstr
