Episode
GoBTC Pay Wants to Make Bitcoin Spendable Again. The Fee Math Says It Might.
- Podcast
- The Good Tech Companies
- Published
- Jun 22, 2026
- Duration seconds
- 1075
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/01117bda
Actions
POST https://stenobird.com/v1/public/podcasts/the-good-tech-companies-6882802/episodes/gobtc-pay-wants-to-make-bitcoin-spendable-again-the-fee-math-says-it-might/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/the-good-tech-companies-6882802/gobtc-pay-wants-to-make-bitcoin-spendable-again-the-fee-math-says-it-might.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
This story was originally published on HackerNoon at: https://hackernoon.com/gobtc-pay-wants-to-make-bitcoin-spendable-again-the-fee-math-says-it-might . GoMining launches GoBTC Pay June 19: 0.2% merchant fee, on-chain settlement on Bitcoin L1, non-custodial multi-sig, and a mining-pool moat. Check more stories related to undefined at: https://hackernoon.com/c/undefined . You can also check exclusive content about #gobtc-pay , #fintech , #payments , #good-company , #web3 , #software-engineering , #blockchain , #bitcoin , and more. This story was written by: @ishanpandey . Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com . Q: What is GoBTC Pay? GoBTC Pay is an open Bitcoin payment protocol launched by GoMining on June 19, 2026. It enables instant payment authorization at the point of sale with on-chain final settlement on Bitcoin's Layer 1, targeted at 12 hours by end-2026. The protocol charges 0.2% to merchants, nothing to users, and splits the fee between GoMining's dedicated mining pool (0.1% to miners) and the wallet that routes the payment (0.1%). It uses a 2-of-3 multi-signature architecture involving the user, GoMining, and an independent recovery custodian, making it non-custodial by design. Q: How is GoBTC Pay different from the Lightning Network? The Lightning Network is a Layer 2 protocol that processes Bitcoin payments off-chain through payment channels and settles to Bitcoin's base layer periodically. GoBTC Pay processes payments directly on Bitcoin Layer 1, prioritized by GoMining's own mining pool. The key architectural difference is that GoBTC Pay does not require liquidity channels or routing, and its settlement guarantee is backed by GoMining's direct control of mining capacity. Light…