Replies (46)
Wow, so far I’ve only seen peanuts.
👀
👀
Running a routing node requires a skillset and a substantial amount of capital. I doubt many pleb-nodes are getting anywhere near that kind of rate.
How tf
Explain this to me like I’m five…
Nah…
Imagine a municipal government setting up a full node, and encouraging the businesses that operate within their jurisdiction to use it for commerce.
Hell, imagine the US strategic reserve doing this. Makes taxes completely unnecessary.
once its circulating like business in economy, it will change many thing who running commercial node unlike just the dumb lightning node like umbrel for fun
Who is paying out the money and what do they get for it if I’m holding my keys?
Where does the yield come from?
routing fee on the Lightning Network payments
Does the math math? I didn't think lightning was so lucrative.
there’s no way. did they say how (specifically)?
I said it before. Imagine Strategy setting up a lightning node. Just with 20k Bitcoin or so.
🤯
🔥🔥🔥
What if ...
😁 Tobins tax?
How is that possible?
@LNBϟG is generating a 0,6% yield, and this seems more reasonable.
Exactly.
More like -9% yield 😅
Can someone explain this to me pls?
와 라노 대부 c= 수익률 쥐리넹
Problematic, since a node can be considered a hot-wallet.
💯
#asknostr
They don’t get it.
Holy shitballs
Haven’t heard that In a dog’s age
This is generated from fees from a Lightning node with ~184 BTC capacity.
now I just 184 BTC lol
just __need__ 184 BTC
Yeah and then they force everyone to do it and also surveil every single transaction over their centralized node.
No thanks 💩
Are they also working as an LSP? Because this can explain yield.
It’s lightning routing. They get paid fees every time someone zaps or moves money between exchanges, pays for a service, etc.
I don’t know what position they have and what traffic they are getting that’s giving them this much volume. But that’s a crazy number
Not problematic. Just a risk to be accounted for. But it’s WAY fucking preferable to custody risk or loaning it out to someone.
I have no idea. They must be catching some big traffic moving between exchanges or traders arbitraging that need instant transfer or something. Thats a crazy number.
LNbig is extremely poorly managed in terms of maximizing yield though. I earn far higher than LNbig with a small fraction of the liquidity.
At least a big part of their sources are CashApp users. The node is positioned in such a way that any payment from those users have to go out via the c= node. On the way back I'm not sure if they catch all the traffic but all outbound from CashApp goes via c=.
Kinda feels like a shadow fee for CashApp users since they both fall under Block.
Arkham just doxxed Microstrategy's wallets. You think that's better somehow?
"This has nothing to do with the sort of routing that pretty much any other node in the network is doing.
The c= node has an exclusivity deal with CashApp so all their users's payment have to go through c=.
If the CashApp nodes would be open to accept channels from anyone the c= APR would be much lower because their entire operation depends on the special setup.
It's basically a combination of an accounting trick combined with obfuscated fees for the CashApp users.
CashApp could just charge their users a spending fee but instead they do not and split it of to c= which then claims to earn by "routing"." - @bigrouter at SN
Gentry actually said that they explicitly noted the fees for their own users paid directly to them have been removed from the data because it skewed it.
I still haven't seen anything that they published and can't find the session, but hoping to dig in further and verify.
Trying to understand this as a normie
I don’t have 184 Bitcoin, not even 1/10 of that, but want to be part of the network. Bitcoin must flow. Stay humble, stack sats and move with sats.🧡
