Flashnet
@flashnet
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Fast, trustless trading on Bitcoin
Bitcoin
Joined November 2021
We've gotten dozens of pings about this today, so here's a quick TLDR. Flashnet enables instant, dirt-cheap swaps on Spark. When you need to send a payment denominated in BTC (or any other asset) Flashnet can act as an orchestration layer between payments. In this demo,
The very first stablecoin payment on a @Square terminal! Works with any @spark wallet. Bitcoin is TCP/IP for money. Name one other network that allows using stablecoins to pay in person at up to 4 million merchants. Demo time:
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Flashnet and Spark enable flows that aren’t possible on any other network 🧱 🛳���
The very first stablecoin payment on a @Square terminal! Works with any @spark wallet. Bitcoin is TCP/IP for money. Name one other network that allows using stablecoins to pay in person at up to 4 million merchants. Demo time:
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Brick by brick, slowly then suddenly. Foundations take time to build, and now that we have ours, we get to scale. More soon
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>50k unique traders in the past three days. Everything flows back to Bitcoin, this is just the beginning
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Day 1 done. Everything’s running smooth, momentum is real, and the patience you all showed is about to pay off. We built for this moment. Now let’s dominate.
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⚡️ SPARK SEASON GIVEAWAY! ⚡️ T-5 Days until @flashnet goes LIVE. We are launching a massive activation giveaway to reward early supporters and unlock the full Sats Terminal experience. If you funded on Luminex, UTXO (or any other wallet), you’re already halfway there. 👇 🧵
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We've been slow on comms, so we wanted to break the silence with a proper update. We're putting our all into this, we're so excited for what's to come. Dec 1st. Read the full post: https://t.co/joflUb4m4L
flashnet.xyz
A quick update on what's been going on, what happened, and the path to reopening.
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Scaling past limits is never clean, it’s how you earn your place at the top. Everything being built now is designed for millions of users, not thousands. The goal is simple: when we go live, we stay live. When we do, it’ll be the fastest, most scalable Bitcoin native market
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Still in the trenches with the Spark team. Partners are here in person, devs haven’t slept. Targeting go-live midweek. Full technical post-mortem coming after for those interested.
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Update: devs are heads down grinding away at the issues we saw today on Spark. Flashnet will remain in maintenance mode today. We'll provide advance notice before bringing it back online. Appreciate your patience as we finalize upgrades. ⚙️
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Flashnet and Spark team are working through the issues seen from high activity today to ensure that we can continue running smoothly. Please hang tight! Our teams will provide ample notice before we turn things back on. Soon.
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Spark hit record traffic at 100M+ requests an hour. Our devs are hard at working remedying issues and scaling up.
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There's a trillion dollars sitting inside your computer, you just have to build on bitcoin to get it out.
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We’re seeing a spike in Spark SSP failures, causing some outbound sat transfers to fail. All funds are safe. Flashnet’s internal health switch automatically pauses outbounds when issues arise, protecting users and preventing cascades. Overall swap success remains above 99.5%,
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