Holy Shit!!!
9.7% REAL yield on a payment network while holding the keys to their BTC the entire time!!
Holy shitballs that is absolutely insane! This has to be the craziest thing to come out of the conference this year. I don’t think people will get how big of a deal this is.
Things are about to change big time. This is fucking nuts.
Wow, so far I’ve only seen peanuts.
Running a routing node requires a skillset and a substantial amount of capital. I doubt many pleb-nodes are getting anywhere near that kind of rate.
Imagine a municipal government setting up a full node, and encouraging the businesses that operate within their jurisdiction to use it for commerce.
Hell, imagine the US strategic reserve doing this. Makes taxes completely unnecessary.
Exactly.
More like -9% yield 😅
👀
How tf
Explain this to me like I’m five…
Nah…
once its circulating like business in economy, it will change many thing who running commercial node unlike just the dumb lightning node like umbrel for fun
Who is paying out the money and what do they get for it if I’m holding my keys?
It’s lightning routing. They get paid fees every time someone zaps or moves money between exchanges, pays for a service, etc.
I don’t know what position they have and what traffic they are getting that’s giving them this much volume. But that’s a crazy number
there’s no way. did they say how (specifically)?
I said it before. Imagine Strategy setting up a lightning node. Just with 20k Bitcoin or so.
🤯
🔥🔥🔥
😁 Tobins tax?
Problematic, since a node can be considered a hot-wallet.
Not problematic. Just a risk to be accounted for. But it’s WAY fucking preferable to custody risk or loaning it out to someone.
They don’t get it.
Holy shitballs
Haven’t heard that In a dog’s age
now I just 184 BTC lol
just __need__ 184 BTC
Are they also working as an LSP? Because this can explain yield.
"This has nothing to do with the sort of routing that pretty much any other node in the network is doing.
The c= node has an exclusivity deal with CashApp so all their users's payment have to go through c=.
If the CashApp nodes would be open to accept channels from anyone the c= APR would be much lower because their entire operation depends on the special setup.
It's basically a combination of an accounting trick combined with obfuscated fees for the CashApp users.
CashApp could just charge their users a spending fee but instead they do not and split it of to c= which then claims to earn by "routing"." - @bigrouter at SN
Gentry actually said that they explicitly noted the fees for their own users paid directly to them have been removed from the data because it skewed it.
I still haven't seen anything that they published and can't find the session, but hoping to dig in further and verify.
If it's a big deal then the DOJ might take notice. Profitability is a factor in assessing whether something is a "business." 
Trying to understand this as a normie
I don’t have 184 Bitcoin, not even 1/10 of that, but want to be part of the network. Bitcoin must flow. Stay humble, stack sats and move with sats.🧡
