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I've been absent from SN in the past year or so (because life), just skimming through some discussions here and there so I didn't pay attention to some major changes that happened in this period.

Can some one give me (or point me to) a TLDR about Cowboy Credits? What are they for? Why would I buy more?

Basically just a workaround for U.S. money transmission laws.

Welcome back!! ⚡⚡

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Thanks man :)

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8 sats \ 11 replies \ @ek 18 Jul

Welcome back! Does this answer your questions?

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Nice, I understand it now :)

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Stacker News never takes custody of stackers' money to send it to someone else.

Not exactly true, I’ve got sats in my SN wallet and I can send ’em to others no problem.

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0 sats \ 5 replies \ @ek 18 Jul
I can send ’em to others no problem.

not as money (sats)

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That’s our money not your money, legally, until you transfer it out.

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I’m no lawyer, but this might be one of those depends how you see it’ things. So legally, what’s my deal here, since I can send it to someone else?

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33 sats \ 1 reply \ @k00b 18 Jul

No it’s not. You don’t have to be a lawyer. I just told you what lawyers say about it.

You didn’t give me your money to send to someone else (we transmit money for you). I gave you my money and you sent it to someone else.

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Gotcha, thanks for the heads-up.

Yes thanks @ek :)

I should've thought of the FAQ 😅

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130 sats \ 1 reply \ @ek 18 Jul

one my favorite memes:

https://m.stacker.news/77542

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buahahaha good meme

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Why would I buy more?

You don't buy them as sats. If you are new to SN you just buy them to post. SN is a "pay to post" game. As any other game "pay to play". CCs are in-game credits to do whatever you want with them but useless outside the game.

https://postimg.cc/rDDsqbLp

If you came here with "I will post to earn sats" in your mind... you are wrong.

https://postimg.cc/vx8cx0Qs

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I know what SN is @DarthCoin

I've been here for a few years too :)

I just didn't keep up with the changes

If you came here with "I will post to earn sats" in your mind... you are wrong.

I don't know why you would say that

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I don't know why you would say that

because is the truth

I know what SN is @DarthCoin

Seems that you don't if you ask what are the CCs....

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