I’ve been keeping a close eye on Wallet of Satoshi’s website which updates their LN payments every few minutes, and the numbers are starting to get really big.
Through most of the summer they’ve consistently done 10,000 payments/day, but something has changed since November.
- In November they did 11,266 payments/day
- In December they did 14,290 payments/day
- In January they’re on track for 19,124 payments/day
At first I figured there was some temporary Nostr-related bump, but I’ve got no real data to back that up… also, the payments are still steadily accelerating which typically doesn’t occur when a new use case goes viral.
I also have no reason to believe this data is wrong, but curious to hear from other LN wallet operators on whether or not you’re seeing an acceleration in payment volume in the last couple months.
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504 sats \ 0 replies \ @Coinosphere 11 Jan
I doubt it's Nostr; Alby integrates extremely well with nostr and lots of ppl are using that.
My money would be on a community in Africa. Ask Ray Yousef or the Bitcoin Ekasi boys if they are seeing lots of folks use WoS.
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229 sats \ 2 replies \ @blockguard 11 Jan
Nostr.
Lots of @walletofsatoshi.com lightning addresses there.
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10 sats \ 1 reply \ @kr OP 11 Jan
is there a good way to get aggregated data on nostr LN addresses?
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0 sats \ 0 replies \ @brugeman 12 Jan
It's not aggregate, but you could search for specific @LN addresses this way:
https://nostr.band/?q=lna%3A%40walletofsatoshi.com&media=nostr_people
Looks like there are 138 people w/ WoS address, vs 167 w/ Alby.
Added lna: filter to my nostr search just for you :)
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203 sats \ 1 reply \ @TonyGiorgio 11 Jan
I think there's a very obvious answer here that I won't say publicly. But have you considered asking them?
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1 sat \ 0 replies \ @kr OP 11 Jan
I haven’t asked WoS directly, good idea though.
As another data point, THNDR Games says they’re seeing much higher payout numbers now, and I imagine WoS is a preferred wallet for their users.
https://twitter.com/THNDRGAMES/status/1613154979304378369?s=20&t=rDyCJlp6QdDiJnEzh4L2pg
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253 sats \ 0 replies \ @moneydelics 10 Jan
Would be interesting to see some data about the geography of those payments 🤔
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43 sats \ 0 replies \ @GabeBHiggins 12 Jan freebie
Might be a new LSP... 😎
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151 sats \ 0 replies \ @brianoflondon 11 Jan
What are they actually counting? I can send 1 sat for free to my own Wallet of Satoshi account (I have channels with them) and back again.
I dare say I could shuffle myself 10,000 payments or more if I wanted. Unless they're watching for this I'm not sure they'd even notice.
One of the joys of using WoS for testing (for me anyway) is that they charge zero fees if you have a channel with them.
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151 sats \ 0 replies \ @TheBTCManual 11 Jan
We can see a slight uplift in interest for the brand search term, but I don't know if thats all organic or maybe some press releases that have pushed people to try it, I think WOS would be the entry point for most normies onto LN since its custodial and abstracts a lot of the drama of lightning away from you and allows an easy fiat onboarding
It could also be an entry point for users who want to try out other apps for example before fountains latest update, WOS would be the easiest way to get sats to fund your account
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151 sats \ 1 reply \ @omekau 11 Jan
Do you use Nostr? There’s quite a bit of activity recently with no signs of slowing down so that seems like a plausible explanation.
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20 sats \ 0 replies \ @kr OP 11 Jan
yes. typically viral growth leads to large spikes and falls in activity… WoS payments have been quite steady.
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10 sats \ 0 replies \ @Cleartest 11 Jan freebie
Yea I setup a wallet of satoshi when I signed up for nostr. Was originally useing blixt but wanted a quick send to address for Lightning!
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16 sats \ 0 replies \ @notgeld 11 Jan
Oldest, simplest wallet.
And finally, why payments can't go parabolic if LN should fundamentally allow that.
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5 sats \ 0 replies \ @DarthCoin 11 Jan
I think is due to more influx of new LN users.
The great purge of shitcoins pushed them to use LN.
And WoS is the simplest fsstest and easier solution for these users. Is quite a natural process of healing.
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0 sats \ 0 replies \ @selfish_gene 12 Jan
это как инфляция 5% на 100$ или 5% на 250$
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0 sats \ 0 replies \ @faithandcredit 11 Jan
s-curve adoption maybe
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0 sats \ 0 replies \ @TomK 11 Jan
I downloaded it some weeks ago. Perhaps it's the design and that it is really easy to use?
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0 sats \ 0 replies \ @seantoshi21m 11 Jan
I am using it in tandem with nostr.
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0 sats \ 0 replies \ @Bear 11 Jan
This is not parabolic.
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0 sats \ 0 replies \ @benoni 11 Jan
Interesting. Now someone please tell me how does Stak make any money?
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