Wallet of Satoshi Is Doing 27,000 LN Payments/Day \ stacker news ~bitcoin

pull down to refresh

It’s still early, but WoS on pace for a massive month of March.

Anecdotally, Nostr zaps are quickly becoming my top source of sats earned for the content I create, I suspect that is playing a meaningful role this month.

THNDR’s new game might also spur on more WoS activity in the coming weeks.

view all related items

208 sats \ 7 replies \ @WeAreAllSatoshi 9 Mar 2023

It stands to reason that setting up some LN channels with WOS to act as a routing node would be smart, yea?

5 sats \ 6 replies \ @timechain 10 Mar 2023

Yes, but, they generally only allow one channel per node they connect to. When Calle (Cashu, LIGHTNINGTIPBOT dev) opened up a larger channel with Wallet of Satoshi, they accepted the larger channel, but then force closed the smaller one. When asked why, they said "Inefficient use of capital mainly."

Source: https://twitter.com/walletofsatoshi/status/1627080714222190592

0 sats \ 0 replies \ @m00ninite 10 Mar 2023

Force closing seems needlessly aggressive. Wonder why they wouldn't just do a collaborative close? 🤔

0 sats \ 4 replies \ @WeAreAllSatoshi 10 Mar 2023

Good call out, I guess when I said channels plural, I meant a channel with lots of liquidity

1 sat \ 3 replies \ @sandbeach123 10 Mar 2023

They suck a lot of sats (pull liquidity to their side of the channel). That is my experience at least, so I keep rates a bit high in that one. Their node is very reliable and responsive. And it is true that they only allow 1 channel, they closed a second one I opened a few month ago.

43 sats \ 2 replies \ @WeAreAllSatoshi 10 Mar 2023

Thanks for your insight. What was your process for opening a channel with them, if you don’t mind me asking? Was there some kind of out of band communication to get them to send liquidity your way, or do they do that automatically? Sorry if that’s a stupid question, I’m very much a LN noob

22 sats \ 0 replies \ @sandbeach123 10 Mar 2023

No stupid question. At first I just opened the channel with all liquidity on my side. No manual comunication was needed. Everything is automatic. IMHO their node probably only rebalances liquidity on big channels (with nodes like 1ml, bfx, acinq, lnbig, etc) With my channel I had to do all the rebalancing, and pull the liquidity back to my side. I did that by rebalancing using Ride The Lightning application of my umbrel. Another way is to use LNDg, which you can set to automate rebalancing and trigger them under certain liquidity threshold. For rebalancing you need a second channel to compensate, that will move its liquidity to the inbound (the other party) side.

0 sats \ 0 replies \ @ek 11 Mar 2023

That is a very good question! Thanks for asking

0 sats \ 0 replies \ @faithandcredit 11 Mar 2023

They are stress testing rn it's not organic. And I think they will sell soon, I mean sell to JPMorgan or something

0 sats \ 0 replies \ @ca 11 Mar 2023

Source?

0 sats \ 0 replies \ @TheBTCManual 10 Mar 2023

Lol sooo make sure one of your channels is connected to WoS and hope to god you can rebalance it without it falling over all the time