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Only CCs unfortunately!
ROFL, @k00b is going to be sleeping well tonight with that donation. Do most of the sats go to server upkeep when they are "exchanged" for CCs?
No, 1 sat = 1 CC.
If you zap 100 sats and the recipient can only receive CCs, they'll receive 70 CC and the remaining sats will be split across territory revenue (to the territory owner of the post) and rewards pool.
CCs are fully usable site-wide as sats and can become sats through the rewards pool.
CCs are fully usable site-wide as sats and can become sats through the rewards pool.
Ah so the exchange is not strictly permanent. But for legal reasons its framed as such.
I would imagine a cut does go to server maintenence no? Or is that just teritorial fees?
I suppose the FAQ probably has the answers
But for legal reasons its framed as such.
It's more than framing. You can only send money to someone else on SN if we aren't custodying the money. Otherwise you send CCs.
When you spend CCs, some go to the rewards pool, and SN replaces those 1-to-1 with its own sats and gives them out as rewards.
It's tricky and convoluted, but it's not framing. We aren't money transmitters because we aren't transmitting other people's money.
https://github.com/stackernews/stacker.news/issues/3151 pls :)
I lost another 50k "sats" to CC conversion on this big zap. The flow should only go CC -> sats, never backwards.
Unfortunate for Murch, not for you!
1m zap for @Murch - This timely post certainly saved funds during an emergency. Thank you.