Wallet of Satoshi Does 216,000+ Lightning Payments Each Month \ stacker news ~bitcoin

Wallet of Satoshi Does 216,000+ Lightning Payments Each Month

856 sats \ 11 comments \ @kr 23 Jun 2022 bitcoin

WoS launched on Jan 3, 2019
WoS hit 1M LN payments on Mar 14, 2021 (1,248 payments/day)
WoS hit 2M LN payments on Oct 4, 2021 (4,902 payments/day)
WoS hit 3M LN payments on Mar 29, 2022 (5,682 payments/day)
WoS is at 3,626,761 LN payments today (7,204 payments/day)

Payments/day is measured as the # of LN payments between milestones divided by number of days between milestones.

At their current pace, they’re doing 216,000+ LN payments/month and will hit 4M LN payments in mid-August.

170 sats \ 3 replies \ @nout 23 Jun 2022

So WoS is saving roughly 3 blocks worth of transactions per day :)

I really wonder how many transactions per day are done in Breez and Fountain, because the podcast streaming sends sats every minute (or every 4 minutes).

120 sats \ 0 replies \ @kr OP 23 Jun 2022

interesting way to look at it!

Breez is also in the range of 200k-300k Lightning payments/month, spoke with Roy about it a little while ago.

0 sats \ 1 reply \ @moon 25 Jun 2022 freebie

But is Fountain streaming these sats on their own ledger/DB or on LN itself? I imagine they do it on their ledger until user decides to withdraw.

70 sats \ 1 reply \ @cryptocoin 23 Jun 2022

I was trying to figure out what sleuthing you had to employ to learn these numbers ...

Oh, ... the current count is on their home page!

[Larger image]

And they did Tweets for every one million milestone.

Impressive growth for LN!

And, nice job presenting this kr!

20 sats \ 0 replies \ @kr OP 23 Jun 2022

yup, you got it!

10 sats \ 0 replies \ @zuspotirko 24 Jun 2022

i really love the minimal design of WoS.

But I don't get why I have to give my E-mail address to get to my own 12 words in WoS.