@Over the Moon
RoboSats coordinator
Relays (3)
- wss://nos.lol/ – read & write
- wss://relay.damus.io/ – read & write
- wss://nostr.wine/ – write
Recent Notes
⚠️ attention SweepingZabian557
Please send me an email or message on SimpleX regarding your dispute. I do not offer support on Telegram.
Please send me an email or message on SimpleX regarding your dispute. I do not offer support on Telegram.
⚠️ Attention robot UntriedShockwave28
You sent a Telegram username as your contact method, which I do not offer support on. I need information from you to settle the dispute you are in, so please contact me on SimpleX or email. You can find either in my profile anywhere in the RoboSats client.
You sent a Telegram username as your contact method, which I do not offer support on. I need information from you to settle the dispute you are in, so please contact me on SimpleX or email. You can find either in my profile anywhere in the RoboSats client.
⚠️Robots in trade 5206 on my coordinator⚠️
Trade 5206 has been cancelled due to a technical issue in the #RoboSats client at the chat room stage. Your bonds have been returned.
If you would like to continue with the trade, you can restart it at this new order ID:
http://otmoonrndnrddqdlhu6b36heunmbyw3cgvadqo2oqeau3656wfv7fwad.onion/order/moon/5238
Sorry for any inconvenience caused and thank you for your understanding!
Trade 5206 has been cancelled due to a technical issue in the #RoboSats client at the chat room stage. Your bonds have been returned.
If you would like to continue with the trade, you can restart it at this new order ID:
http://otmoonrndnrddqdlhu6b36heunmbyw3cgvadqo2oqeau3656wfv7fwad.onion/order/moon/5238
Sorry for any inconvenience caused and thank you for your understanding!
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ShockingStigma527 please check the dm of the npub you provided in your dispute statement. You still have not responded to my request for more info and I'll be resolving the dispute soon. You can also reach me over SimpleX and email.
#RoboSats
#RoboSats
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⚠️ Attention robots in order 3266 - UnwashedLaw923 and DisciplinedAsh634 ⚠️
Both of you have provided me Telegram handles as contact methods with your dispute statements. Note that I DO NOT offer support on Telegram.
Please contact me directly on SimpleX or send me an email. You can find my contact info by clicking on my coordinator profile in RoboSats.
#RoboSats
Both of you have provided me Telegram handles as contact methods with your dispute statements. Note that I DO NOT offer support on Telegram.
Please contact me directly on SimpleX or send me an email. You can find my contact info by clicking on my coordinator profile in RoboSats.
#RoboSats
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Well, if it was unprofitable from the start and you slash the fees so aggressively now you must 4x your order volume or else you will stay unprofitable.
I see that other coordinators are active on s...
Thank you for your critique! I think you bring up some interesting points for sure. I will try to give you my reasoning behind my thoughts.
I would relish the opportunity to 4x my volume. Before lowering fees it was one or two orders of magnitude behind the well established coordinators, so still a long way from racing to the bottom imo.
I think having the lowest fees anywhere in p2p is only good for the platform and attracts liquidity and users from other less efficient platforms. It creates a positive feedback loop of lower prices and more abundant liquidity. This is only possible because the federation model of RoboSats creates the correct incentives for efficiency.
As for public support, I am active on the NIP-29 chat, for whatever reason very few robots use it. I do not offer support on Telegram and SimpleX simply does not sync my messages nor do I receive them in the general chat. However users have always been able to contact me privately if they encounter issues.
I think it's pretty basic economics to lower prices when there's too much supply of a similar good or service. I did so first because I had near zero opportunity costs, as my volume was already negligible. It does not imply lower quality of service. Other coordinators can also adjust their fee policy as they please, either to lower it or to raise it. Last time I checked we are not a communist price-fixing cartel haha
I would relish the opportunity to 4x my volume. Before lowering fees it was one or two orders of magnitude behind the well established coordinators, so still a long way from racing to the bottom imo.
I think having the lowest fees anywhere in p2p is only good for the platform and attracts liquidity and users from other less efficient platforms. It creates a positive feedback loop of lower prices and more abundant liquidity. This is only possible because the federation model of RoboSats creates the correct incentives for efficiency.
As for public support, I am active on the NIP-29 chat, for whatever reason very few robots use it. I do not offer support on Telegram and SimpleX simply does not sync my messages nor do I receive them in the general chat. However users have always been able to contact me privately if they encounter issues.
I think it's pretty basic economics to lower prices when there's too much supply of a similar good or service. I did so first because I had near zero opportunity costs, as my volume was already negligible. It does not imply lower quality of service. Other coordinators can also adjust their fee policy as they please, either to lower it or to raise it. Last time I checked we are not a communist price-fixing cartel haha
2
Nice to be the fees shaken up!
To be honest, I feel like the big brain move would have been to keep the current fees and double the donations.
Absolute fees are already very low, and this way you wo...
I guess my brain is rather smol then 😅 but that is an option I will explore if volume does not improve
No, for me it is not profitable if accounting for hardware and opportunity costs on liquidity
No, for me it is not profitable if accounting for hardware and opportunity costs on liquidity
2
LOW FEES
I have lowered coordinator fees to 0.1% at Over the Moon. This is a 50% reduction from the previous fee of 0.2%, which is what all other coordinators still charge at this moment in time.
The maker-taker split remains the same as before, at 12.5% to the maker, 87.5% to the taker. At 0.1% total fee, this comes out to 0.0125% for makers and 0.0875% for takers.
These are probably the lowest fees you will find anywhere on the p2p market. Consider that this is 1/20 of Peach's 2% fees, for example.
Why am I making the change? The first 7 months of running the coordinator has been a good learning experience and I am beyond grateful for the help and support I have received. However the trading volume has not meaningfully increased despite a bull market and the lifting of initial order size restrictions. Current volume is not sufficient for this venture to be sustainable and my resources are better allocated elsewhere at this rate. For the average user, there likely has been little to differentiate between the coordinators in the federation. Hopefully the lower fees will incentivise more trades and a more even distribution of orders hosted amongst the federation.
I have lowered coordinator fees to 0.1% at Over the Moon. This is a 50% reduction from the previous fee of 0.2%, which is what all other coordinators still charge at this moment in time.
The maker-taker split remains the same as before, at 12.5% to the maker, 87.5% to the taker. At 0.1% total fee, this comes out to 0.0125% for makers and 0.0875% for takers.
These are probably the lowest fees you will find anywhere on the p2p market. Consider that this is 1/20 of Peach's 2% fees, for example.
Why am I making the change? The first 7 months of running the coordinator has been a good learning experience and I am beyond grateful for the help and support I have received. However the trading volume has not meaningfully increased despite a bull market and the lifting of initial order size restrictions. Current volume is not sufficient for this venture to be sustainable and my resources are better allocated elsewhere at this rate. For the average user, there likely has been little to differentiate between the coordinators in the federation. Hopefully the lower fees will incentivise more trades and a more even distribution of orders hosted amongst the federation.
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