How Much Should You Donate?
Sats are money. It’s okay to give some every now and then, but soon enough you will find your wallet empty.
So, how many sats should you donate?
I’ve seen some videos where they donate up to 60 british pounds to strangers on the street. I get that it’s for the shock value to make the video attractive but don’t do that.
Honestly, any amount should be okay. Stick to four digits in sats. At the time of writing this, that’s just a few cents. If you give any precoiner 1000 sats, that big round number will stick in their minds as being a lot.
It’s a negligible amount to give out and it feels important.
There are exceptions. For example, I wanted to demonstrate to a businessman how he could simply use Breez as a POS to accept lightning payments in his business. I know Breez eats up a small amount to open channels, so I sent him 6000 sats instead.
Always expect those sats to be lost. Most of the times, they’ll simply get forgotten in a custodial wallet, and that’s fine.
That’s why I insist on not giving out too much, even if you can afford it. Give them a taste, they can get their fill on their own.
Figure out what amount you’re comfortable with giving out and just have a lightning wallet handy.
glowleaf / George Saoulidis
npub1xn…e0gr0
2023-03-30 17:22:38
Author Public Key
npub1xnq22v5rhtx4edkyt7ds27l2qh0mya3n8h83f6d3va5qkhfk8rjqve0gr0Published at
2023-03-30 17:22:38Event JSON
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"content": "How Much Should You Donate?\n\nSats are money. It’s okay to give some every now and then, but soon enough you will find your wallet empty.\nSo, how many sats should you donate?\nI’ve seen some videos where they donate up to 60 british pounds to strangers on the street. I get that it’s for the shock value to make the video attractive but don’t do that.\nHonestly, any amount should be okay. Stick to four digits in sats. At the time of writing this, that’s just a few cents. If you give any precoiner 1000 sats, that big round number will stick in their minds as being a lot.\nIt’s a negligible amount to give out and it feels important.\nThere are exceptions. For example, I wanted to demonstrate to a businessman how he could simply use Breez as a POS to accept lightning payments in his business. I know Breez eats up a small amount to open channels, so I sent him 6000 sats instead.\nAlways expect those sats to be lost. Most of the times, they’ll simply get forgotten in a custodial wallet, and that’s fine.\nThat’s why I insist on not giving out too much, even if you can afford it. Give them a taste, they can get their fill on their own.\nFigure out what amount you’re comfortable with giving out and just have a lightning wallet handy.",
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