For anyone wondering what system Steak ‘n Shake was using to process lightning payments, it turns out to be Speed.
Very interesting.
nostr:note1fpahuzh54jm22mtr3cj0qjqpfs93wdgya0l3vzal9lh0kamluufqy790mf
Discussion
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Part of me was expecting to wake up and see this was all just a massive troll by the Steak n Shake intern. This is amazing.
It’s so crazy it might actually work.
Probably better than standing up their own infrastructure and using something like LNbits. Either way I think it’s a good thing!
Yeah, there’s no fucking way they’re going to run this on their own infrastructure. Speed is massive. They have at least 8 nodes, with over 2 billion sats in liquidity each on the ones I peeked at so far.
https://amboss.space/node/031df8ea711416b52d33c2f4a9b2a41d82f1da3c7672ffef2c24b0751cbdb75404
I wonder what fee is Speed charging them. Curious to know if it's cheaper than the VISA commission
Looks like 1% so cheaper than Visa:
1% still seems too high.
Well they offer volume discounts if you do over 10 BTC a month so there's that!
But still, I bet it's cheaper than Visa and probably faster settlement time.
# none of this matters until retailers PRICE and DENIMINATE products in btc, they can pick just one product , and set the price in sats, like a basic burger, if they want to demonstrate deflation, and demonstrate that "things get cheaper over time" when measured in btc, THEN SET THE PRICE IN BTC AND PRIVE IT