First days of Satoshiwall
Four days ago I finally released Satoshiwall.cash, a fully non-custodial bitcoin paywall. Although I'm currently on an island with painfully slow internet, I want to share a couple of insights I compiled on what feels like a 1997 ISDN connection.
The numbers
As of November 25 02:43 UTC Satoshiwall handled 66 payments totalling 0.06709643 BCH or $13.41 (~200USD/BCH). That's $1.34 in fee revenue for Satoshiwall.
Not impressive, but it's actually better than I expected. This is a very early version and it's running on what is basically a minority fork of Bitcoin. Such a business can only be profitable on scale, but with Bitcoin Cash there is huge scaling potential.
Most traction will probably come with third party integrations (think of WordPress plug-ins etc) and maybe even support for SLP tokens (lots of stuff happening in the space). Imagine users paying for content without knowing they're dealing with Satoshiwall or even BCH at all. This is what ultimately needs to happen.
The traffic
Similar things can be said about the overall traffic. Roughly 100 users per day. The Novermber 22 spike came with some coverage in various news sites like news.bitcoin.com.
The content
So far it's mostly shitposts and I feel like I built an elaborate trollbox. But that's nothing I'm concerned about. The point of Satoshiwall is not to find content (although Cain made some interesting suggestions that could be considered), but to get access to the content of content creators they already trust. I advise everyone not to spend significant amounts on paywalls unless they know who is behind them.
...and you will also help the author collect more tips.
I tested the Satoshiwall a bit and found that "Copy address to clipboard" does not work on my Android. Nothing is copied. If I select "pay with wallet" and then select Bitcoin.com wallet it won't work either. With badger app it works. Besides, people tell me badger payment doesn't work (Brave browser).