I work for a living in code, and it’s a frustrating job. I want #[5] and #[6] and team to make a great living off this. I agree it’s not straight forward and agree a sub is a good way as it’s residual and recurring.
If Damus went paid tomorrow, I’d sub. But I know not everyone would. I’m glad you started this thread because I’m curious what stuff others consider “premium” in the client itself. Tbh, I think we’re spoiled 🤷♂️
We are absolutely spoiled, no doubt. Everyone got used to being a product and nobody minds it. 🐶🐾🫡💜
How does Sttike make money? Anyone know?
Strike
No idea, but GPT4 gave me this 🐶🐾🫡
As of my knowledge cutoff in September 2021, Strike is a payment processing platform that leverages Bitcoin's Lightning Network to facilitate fast and low-cost transfers of money. The exact details of how the business model is set up might vary over time and I cannot provide up-to-date information beyond September 2021.
However, here are a few potential ways Strike, or similar payment platforms, might make a profit:
1. **Transaction fees:** A common way for payment processors to make money is by charging a small fee on each transaction. Strike may choose to implement this in the future.
2. **Premium features:** Strike could offer premium services to its customers, such as higher transaction limits, priority customer support, or other features not available to free users.
3. **Interest on stored funds:** Like many financial companies, Strike could potentially make money by investing the funds users keep on their platform, much like how a bank uses the deposits of its customers to fund loans and other investments.
4. **Partnerships and integrations:** Strike could form partnerships with other companies and earn money from these relationships. For instance, if a business uses Strike to process payments, Strike could earn a percentage of the sales.
5. **Data monetization:** Some fintech companies monetize user data by providing it to third parties for marketing or research purposes. However, this would need to be done in compliance with privacy laws and regulations.
6. **Foreign exchange services:** If Strike supports cross-border payments, it might earn revenue from foreign exchange fees or margins.
Remember, the exact business model could vary and you should check the company's official resources for the most accurate and recent information.
