Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Rare Sats and Rare Sats trading on Magisat
by
franky1
on 28/09/2024, 16:22:17 UTC
⭐ Merited by d5000 (1)
the notion of rare sats and counting sats is wrongly applied by ratamov

firstly imagine that you have a new block of 10 coins
oooooooooo
now imagine you want to decide to give some change to different people
and you know when spending that amount you will be charged a fee (call it 2 coin of 10)
(oo)oooooooo

so the economics is that you tell the system whom you assign the change to
sooo, knowing upfront how much fee(2coin) is not counted in the change(8 coin) you tell the system this

i want dave to have 4 coin and ill have 4 coin
oooooooooo

yep. the "first sats" go back into being a fee which goes back into mining rewards
so the counting of sats is not as people think, because the destination of transaction value first takes the fee away and then gives change out to destinations

and before anyone tries to say the economics is different EG that in a 1in 2out tx the second out is always the "change" thus the first sat goes to the first out, and then fee is deducted after(facepalm).
this is not a true economic rule nor a rule at all.. some people can set how much of the change they want back themselves first and then pay out to someone else an amount secondary

so the real economic rule is the fee comes first and then both destinations get the remainder(change).. thus first sats go into the fee
.. but then again in the silly markets of idiots buying fluff.. who cares about math and economics of how things actually work