Oddbean new post about login | logout How would you propose they make money? They’ve been burning money providing services for free for us for years.
True, but they do make big money from all the fees when you send payments.
They don’t add on any extra fees when sending payments afaik
I think they do, if they didn't I don't know how they would still be running.
Nope. Just sent a payment from Alby to Blink and there were 0 fees. They have probably been running from money they’ve raised.
I've sent payments and it takes like 100s of sats. I don't think there's any way that those are network fees or that they wouldn't be charging fees, they are to big to have been running for free for that long and so many users even with grants.
Routing fees can definitely be that much. It’s only 0 when they have a direct channel. I checked Blink because I assumed they have a direct channel with Blink. Companies can raise millions of dollars and they don’t have to tell everyone about it.
According to Crunchbase they raised $2,725,000 in Jan 2024 https://www.crunchbase.com/organization/alby-a3a3
Oh man. We could have asked for a larger booth donation nostr:nprofile1qqstsw3gkljwt5stm9svt7htvcjlj4ffze4chkcyt4pxxj30xkgeg5qpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcpr3mhxue69uhkummnw3ezumt4w35ku7thv9kxcet59e3k7mgpz3mhxue69uhhyetvv9ujuerpd46hxtnfdux3wqdz 🤣🤣🤣
Rugged by @TomekK 😂
It's okay. He bought me a beer and Bar 7. All is forgiven 🤣