Replies (33)

Nymmo's avatar
Nymmo 1 month ago
Focus on your job in which ever field your in. Try to be the best and provide value for your organization. Bitcoin is only easy to hodl if you have a cash generating job and/or you’ve held long enough >5-10 years to see substantial gains. Otherwise you’re gonna panic and sell.
Alvaro's avatar
Alvaro 1 month ago
Working is a generally accepted way of producing some positive cash flow 😁
AlcoB's avatar
AlcoB 1 month ago
Look at the things that give you joy and you do without "effort" Also look where you naturaly make a difference to others. The last is usually caused by a loss you experience in your own life. Write a short list for each three themes: joy, contribution and pain.Your dream will be where these three harmonize. Follow your bliss and wealth follows.
Fascinating. I love this concept. Open market. Provide computer value, support the network, get paid Are you able to share revenue data somehow? My issue initially is nowhere to setup the node physically How does it look if you run via @Alby for example?
I tried running a Lightning node to earn sats about a year ago, but gave up after a while. It grew too big and locked up too much of my bitcoin. I shut it down and recently started again. Now mainly for my own good node, and if I earn enough fees to cover costs, I’m happy. I think it’s both fun and a way to contribute to decentralization. I also have a small core Lightning node just for incoming payments from Ocean from my miners (used to heat the apartment).
I will gladly help anyone who wants to spin up a node! That much is easy enough to teach/learn. The actual liquidity and channel management is a whole other beast, and a constantly moving target! It took me a year or two at least to understand the basics before I was profitable, and I am still constantly learning / trying new strategies every day. I have vaguely considered the possibility and would be interested to take on capital allocation and return dividends since I am maxed out as to the amount of sats I can personally dedicate in outbound liquidity. But it would have to be structured correctly (legally), and then there’s the tedious problem of custody of funds which I am definitely not comfortable with!
Revisiting this thread since it stuck in my mind. Does just making a node available to the network give you volume, or do you have to specifically tie into a known active transaction network or promote somehow for volume? Feel free to save typing and link me to where you’ve answered such basic questions before if you like. I’ve never explored the moving parts of lightening other than as a user, so you sparked my curiosity into something new to me. Happy Thanksgiving. Hope you are able to get near friends and family. 🍗
Making the node available and opening channels you will certainly get some traffic and routing. But that alone is not enough for it to be sustainable / profitable. Lightning at the base from a noderunner’s perspective is a liquidity marketplace. Buy low, put that liquidity where it is needed, and sell high. It’s a bit of an art and learning curve to do this effectively. And a constantly moving target as well, since liquidity, volume, etc on the network as a whole are constantly shifting. View quoted note →
@SwBratcher it’s caught my attention as well An infrastructure play, with Bitcoin/sats, with yield, in a growing market, high barrier initially You could see specialist funds popping up to add liquidity I wonder how you could do it in a non-custodial manner for an investor? Lots of questions
Fantastic. I spent time talking with Jesse in Nashville, and his comments from our conversation actually lead to my question earlier. Jesse was talking about the need for transaction volume, and finding it to achieve a volume of yield on your staked coin. Anyone looking at this thread with intrigue; pile your filler questions to Jake so we get some good pleb how-to angles worked into his cast.
Yes this is the big key, how to do it non-custodial? I’d love to be able to take on/manage more liquidity— I could easily offer a fairly guaranteed 5-10% yield and still cover costs plus earn a cut for ‘liquidity management.’ But I am not about to start holding custody of other people’s funds, and a lightning node in essence is a hot wallet— so not altogether without risk, especially as the value of liquidity under management grows. Can’t wait to hear what ideas @Jestopher might have to add to the convo
A software that automatically manages based on your proprietary analysis or proprietary reports recommending management strategies could be a big thing for you.
In the same way that analysts sell information, “buy alerts” or something along those lines, you could sell to lightning channel operators A subscription like substack Or a private 1/1 coaching program Even a weekly mentor call Lots of ways to package it up