Wallet of Satoshi on Nostr: https://www.walletofsatoshi.com/disclosure Yeah we don't charge anything for ...
https://www.walletofsatoshi.com/disclosure
Yeah we don't charge anything for Lightning, neither sending nor receiving. Zap away! Any fees you see there occasionally will likely be extremely minimal, and are charged by other routing nodes, not ours. Our node really doesn't make much from routing fees from other people's payments either, it's not our focus.
We charge for on-chain transactions (swapping in and out of lightning to on-chain), and make some from the fiat conversions.
The reason we don't need to charge for Lightning: Lightning is the proper retail payment system we've been waiting for ever since we discovered Bitcoin wasn't really suitable for this purpose. It has genuinely brought down the cost of individual retail payments to the marginal cost of sending a bit of data across the internet (LOL) and the cost of having liquidity available, which becomes less with scale.
Some of us worked at banks and credit card companies and were disgusted at how much small business especially are placed at the mercy of payment providers. Visa and Mastercard fees are excessive, but there is limited competition to fix that, because you need a privileged licence to compete in that market. Lightning changes all that.
We want to bring Lightning to the world, and that is our first priority. ⚡
Yeah we don't charge anything for Lightning, neither sending nor receiving. Zap away! Any fees you see there occasionally will likely be extremely minimal, and are charged by other routing nodes, not ours. Our node really doesn't make much from routing fees from other people's payments either, it's not our focus.
We charge for on-chain transactions (swapping in and out of lightning to on-chain), and make some from the fiat conversions.
The reason we don't need to charge for Lightning: Lightning is the proper retail payment system we've been waiting for ever since we discovered Bitcoin wasn't really suitable for this purpose. It has genuinely brought down the cost of individual retail payments to the marginal cost of sending a bit of data across the internet (LOL) and the cost of having liquidity available, which becomes less with scale.
Some of us worked at banks and credit card companies and were disgusted at how much small business especially are placed at the mercy of payment providers. Visa and Mastercard fees are excessive, but there is limited competition to fix that, because you need a privileged licence to compete in that market. Lightning changes all that.
We want to bring Lightning to the world, and that is our first priority. ⚡