The damus lightning node made $116 from routing $18,194 worth of payments this year. We also made $21,000 from lightning purple subscriptions, which helped paid a portion of daniel's salary (our only part-time employee).
It aint much, but it's a start. With purple, HRF, and OpenSats, Damus has been able to build out slowly without VC funds. Hopefully we can keep this up. I thought this was going to be our last year but the LTS funds kept the dream alive a little longer.
Clients have got a *lot* better, but we're still insanely early. nostr is going to continue to get better and better. People will continue getting deplatformed on bluesky, activitypub and the big tech silos. We are one of the few lines of defense against internet censorship and government tyranny, and the first large scale experiment that enables true value for value transfer between sovereign individuals online.
This movement is just beginning, and ya'll are on the front line.
️Looking forward to spending another year with you psychos 🫡
Replies (87)
Keep up the great work! 🫂🙏
Every sat counts!
jb55
The damus lightning node made $116 from routing $18,194 worth of payments this year. We also made $21,000 from lightning purple subscriptions, which helped paid a portion of daniel's salary (our only part-time employee).
It aint much, but it's a start. With purple, HRF, and OpenSats, Damus has been able to build out slowly without VC funds. Hopefully we can keep this up. I thought this was going to be our last year but the LTS funds kept the dream alive a little longer.
Clients have got a *lot* better, but we're still insanely early. nostr is going to continue to get better and better. People will continue getting deplatformed on bluesky, activitypub and the big tech silos. We are one of the few lines of defense against internet censorship and government tyranny, and the first large scale experiment that enables true value for value transfer between sovereign individuals online.
This movement is just beginning, and ya'll are on the front line.
️Looking forward to spending another year with you psychos 🫡
View quoted note →
Well done William, this is super cool. I’m glad to be a part of this and looking forward to how Damus develops 🤘🏼
Thanks for your work. Y’all have built a great product so far.
zaps saved the internet
Congrats, but I really have to ask.
How did you make $116 from routing $18,194 dollars?
My node routed 2 bitcoins worth and barely made $30 🤣 what kind of fees do you have on your node.
Actually I’m close to 4 bitcoins worth now.
🫡
If I had to guess, it's due to zaps typically being microtransactions. This makes even very low fees represent a much higher fee percentage than a more typical routing node that usually routes much larger payments.
His figures work out to only about 0.6%, which would be insanely high for large LN transactions, but makes sense when you're talking about extremely small amounts of sats being sent back and forth.
Maybe. Still the math doest work from what I’ve seen.
Run it back in 2025!!
🫡
Grateful for your contributions to the protocol! 🫡
I do proportional fee with zero basefee. I would have to check what exactly i have it set to
Impressive honestly.
I should probably reply my sats more effectively also.
Onward🫡
Nostr’s economic incentives concern me, as RSS failed due to the same reason.
I don’t want you to have a last year…
thank you for all that you do
True pioneer
Slow but steady🙏 How much made from zaps?
When I try to upload a video it doesn’t let me and it says “Error: no plist detected.” What does this mean?
Congratulations 🎉Freedom is priceless
Your work is beyond appreciated, brotha. Merry Christmas to you and
@Vanessa You are building something truly special.
Wow! Thank you 🙏 🫡
Keep goin..
appreciate all you do…
PV FROM TZ 🇹🇿
🫂🫡
It's very smart to scale out slowly as your revenues allow.
Kudos for not taking reckless shortcuts to scale.
YESTR
Test
Thanks for sharing these stats 🙌
psychos r in a bullrun, i think, also/*
K
If you really have no VC money, it's great that your revenue is hitting serious numbers to support your work.
The hardest-hitting part of your post is right in the beginning though. Lightning sucks. $116 for $18,194 means more than half a percent in fees... That's insanely high for not even being actual on-chain transactions. Might be even higher than it would be with an actual mining rig collecting fees for on-chain doggie coin or Monero tips
It’s not that high and lightning is getting better every year. Rome wasn’t built in a day.
It’s 3% on credit cards and places like Costco don’t accept Mastercard.
It's insanely high and lightning has only gotten worse so far. Ease up on the false hope
Successful payments % have improved with time. Even bitcoin wasn’t perfect when it started.
Bitcoin was good when it started and got better
Lightning is a bad idea for bad people with no way to get better since the people involved made it bad on purpose based on being bad people in the first place
Increasing transaction success rate does not make credit cards a reasonable bar for transaction fees to beat when you're not even doing on-chain transactions
New Nostr use case: angel investing via zaps.
Is there a way we could use the Nostr network to publicize projects that are seeking open funding and then create a vehicle that allows people to send larger sums of money over lightning in return for some kind of equity like a Safe or an Option.
I for one would be interested.
You guys work really hard Merry Christmas
What is a bad person?
Me, you, Michael Saylor, etc
Pretty much everyone
Digit is a good person
I’m not being sarcastic, who is digit?
thank you for building an amazing product 🫂 keep up the great work 🫡
The only definite answer I can give for a good person I've encountered. She had so much less toxicity in her than me and yet she tried as hard as everyone should to fight the inner toxicity - most people only do that if they're at least as toxic as me, or worse. That's what makes it so hard to escape being a bad person - you're either full of toxic impulses you have to fight to blend in with others, or you're less toxic than others and it's easier to blame the toxic people for problems than to take responsibility for yourself.
I typed and backspaced a lot of answers to this. It's always so hard to answer. I feel like the question is incomplete and it asks for too many answers at once. Who is she to me? What's a good summary of her for a Wikipedia page? And I don't know how many of my other posts about her you've read, so I don't know if I should repeat stuff I've said in other posts or try to expand on it to find what detail you're looking for. And most of all, every time someone asks me who she is, I want to plead with them to ask "who is Digit" on reddit.com/r/wallstreetbets or discord.gg/wallstreetbets or discord.gg/wsbverse to make them remember her and put pressure on the people there for information about whether she's alive
only 18k ? this seems low
but i dont know how much capital you got locked there
this stats would mean about 10 000 ppm ! fees
10k ppm is really high!
Good job
Good luck
Thank you
I didn’t have any previous knowledge. I think I understand what you are saying. I’m sorry that they disappeared. They sound like one of the lighthouse people in your life, and it’s sad that they aren’t there right now.
Thank you. I hope she's safe, and I hope the human race she shares the world with has more good people than I say.
Here's to another year of meeting around the world and partying in backalley clubs 🤝
Small node here with just 10 channels and quite cheap fees. The number is going up and that’s a good thing!
I second this 🎄🙏⚡️
Thanks William
I was going to say even my shiddy node routed almost as much and I've made... About 4000 sats 🤣☠️🪦
Not much capital, i don’t try to optimize my node or anything
thanks for the transparency! looking forward to a great next year developing #notedeck
that's about what I make with ln routing, also 😄
LFG
TL;DR:
NGMI, Lightning bros.
Send all your zaps to Will if you want to, I'm not taking a single sat if you do.
jb55
The damus lightning node made $116 from routing $18,194 worth of payments this year. We also made $21,000 from lightning purple subscriptions, which helped paid a portion of daniel's salary (our only part-time employee).
It aint much, but it's a start. With purple, HRF, and OpenSats, Damus has been able to build out slowly without VC funds. Hopefully we can keep this up. I thought this was going to be our last year but the LTS funds kept the dream alive a little longer.
Clients have got a *lot* better, but we're still insanely early. nostr is going to continue to get better and better. People will continue getting deplatformed on bluesky, activitypub and the big tech silos. We are one of the few lines of defense against internet censorship and government tyranny, and the first large scale experiment that enables true value for value transfer between sovereign individuals online.
This movement is just beginning, and ya'll are on the front line.
️Looking forward to spending another year with you psychos 🫡
View quoted note →
bro this is huge imo. onward🫡
You got one more purple subscriber today 💜 Thanks for your work on making nostr great
How can I help? 🙂
We is the signup for subscription?
sorry, meant "where?"
Hacen un gran trabajo Will. Gracias por compartir con Damus tu sueño de un internet más libre. #hispano 💜𓅦
well done
i made about 20k sats
i got 140 million sats routed with only about 10 million sats locked in channels
That’s very boozhy statistic you are fancy! I just had a channel closed overlapping lol. After 2024 is closed I’m considering opening some new channels to manage better
i think my node could do even better
but no worries
i am 200k sats in the negative
because of all the channel open and closes !
I’m so negative I’ll never recover from this.
never say never
i think i got a chance
You’re better than me. But I’ll never stop trying.
There’s a lot to come, there’s a lot to explore! May the entire our ecosystem with its customers and devs be able to gain even greater breath and momentum, in this final stretch of 2024, to make a 2025 even more incredible and libertarian.
May God be with us. Merry Christmas, Casarin. 🎄
@jb55 I guess like most businesses, there will likely be early struggles to drive revenue.
This post made more than your lightning node
lol
I can see how you can be deplatformed from Bluesky at the moment, but how can you be deplatformed from ActivityPub? If you setup and host your own instance of any software, the only limitation is if other instances block yours..?
Setting up and hosting is really hard, even for me. I even tried to build my own to have something minimal, but the protocol is so difficult i gave up. You shouldn’t have to be IT or developer to have freedom.
Freedom should be freely available for everyone
Yeah I agree it’s hard to setup, but I feel like _most_ people don’t use social media considering their freedom of speech, in my opinion, which can be both good and bad imo.
I think Nostr will need something else special to grow. Sats are cool, but in their current form too complicated.
What do you suggest
@ryanThe answer is between Jack Dorsey & Chris Dixon.
Asking for practical steps
We need fair network governance and distributed ownership if we want to compete.
This can be done through integrating with a blockchain. I like bitcoin…but not sure if it’s technically feasible.
If Nostr succeeds in its current state it will likely spawn a new large corporate network. Twitter was once an RSS node.
> fair network governance
What do you wean by this?
> blockchain
???
> how do we envision Nostr’s protocol decision-making unfolding in the future?
> how do we compete against billions of dollars in development funding?
> how do we protect against protocol coups from the largest nodes?
These are traits of failed protocol projects in the past. I do not have the solutions, but being tied to a blockchain might provide a few.
