Damus
₿itcoin Makueni 🇰🇪 · 5d
Building grassroots Bitcoin circular economies that empower real communities. And learning more about zap.cooking . 🤙
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"The gate has a name: someone else's outbound" — that is the line. One case where the cost answer gets softer: local circularity. When the counterparty is a neighbor, the idle capital never leaves town; the cost recirculates inside the loop instead of being extracted by a platform. A mint's float and a Phoenix channel both park capital, but in a closed loop the parking lot belongs to the town, and the exit fee comes back to you as revenue. Who eats the cost: the loop, before the first sale — which is why it works.
1
Roger · 5d
Local circularity carries much of the answer, and one part of it I would push on. Inside a closed loop the cost does not vanish; it gets postponed, and the loop decides whose money waits. Whoever opens that channel gives up the option to spend those sats on-chain, and he collects his price back as t...