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211 sats \ 23 replies \ @ek 2 Sep \ on: Cowboy Credits and the cost of belonging meta
The other is the conversion service offered by AGORA. It is cheaper

It is not: #1560488

I send 1129 sats to you, I get 1000 CC.
I send 1000 sats to wallets/cowboy-credits, I get 1000 CC

Why would I pay 12.9% premium for CCs?
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1 sat \ 10 replies \ @denlillaapan 2 Sep

exactly

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23 sats \ 9 replies \ @ek 2 Sep

Did you see @ccbank? 2.00 credits/sat today! #1560564

(not sure if I've ever seen you hanging out in the saloon)

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1 sat \ 7 replies \ @denlillaapan 2 Sep

ok, that looks feisty.

... wait, so I pay a Lightning invoice for 1,000 sats and pray that this nym zaps me 2,000, after fee yielding me 1,400 CCs in my wallet...?

For security reasons, lightning invoices are not paid immediately for now. The bot notifies @ek to manually pay any lightning invoice. This means it can take up to 24 hours to get paid.

Sexy

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16 sats \ 6 replies \ @ek 2 Sep

No, the bot pays your lightning invoice. Today, you get 1 sat for every 2 credits you send (fee already included). See the instructions in its bio.

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1 sat \ 5 replies \ @denlillaapan 2 Sep

Oh, wrong direction. Don't need that

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1 sat \ 4 replies \ @ek 2 Sep

@denlillaapan doesn't want to sell credits for sats?

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1 sat \ 3 replies \ @denlillaapan 2 Sep

no, I keep my shitcoin stash to a minimum... enough to post and comment

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23 sats \ 2 replies \ @ek 2 Sep

damn, I need to rethink my business model

I thought you’d be my best customer haha

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1 sat \ 0 replies \ @ccbank 2 Sep
Usage: @ccbank sell <invoice>
  Exchange credits for sats. <invoice> must be a mainnet lightning invoice
  with an amount that is valid for at least 24h.
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126 sats \ 5 replies \ @AG 2 Sep

I'm realizing it may not make much sense, appreciate the feedback. I'll probably draft another offer in the next coming days. Need to do better at math.

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1 sat \ 2 replies \ @optimism 2 Sep

Unless you have a stash of CCs sitting in your account that you can't get rid of otherwise, I don't really think that there is an incentive to make an offer. As a territory owner you definitely don't have an incentive to sell CCs at a loss because they're liquid for you as you're a recurring SN customer.

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126 sats \ 1 reply \ @denlillaapan 2 Sep
Unless you have a stash of CCs sitting in your account that you can't get rid of otherwise, I don't really think that there is an incentive to make an offer.

aaah yess... who is in such a completely hypothetical position?!

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1 sat \ 0 replies \ @optimism 2 Sep

Anyone w/o a receive wallet that likes liquidating IOUs for .5 sats on the sat.

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1 sat \ 1 reply \ @ek 2 Sep -2 sats
Need to do better at math.

Get your math right next time before @AGORA or you call me a scammer

1 sat \ 2 replies \ @optimism 2 Sep

It's only cheaper if you buy from @thebullishbitcoiner in #1323521 if that offer is still actual. Every other offer carries premium the way I read them.

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126 sats \ 1 reply \ @AG 2 Sep

That was probably an exeption, not sure that offer is still valid.

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1 sat \ 0 replies \ @optimism 2 Sep

It would mean that there is no real market as there is no true supply, only stackers trying to make money off the naiveté of other stackers.

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1 sat \ 2 replies \ @satoshiplanet OP 2 Sep

Yeah, it looks like they posted two (buy and sell); they posted this one right after I posted that one. Thanks for sharing it

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1 sat \ 1 reply \ @ek 2 Sep

Your AI got confused by the different item id for the comment. It's not a different post.

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1 sat \ 0 replies \ @satoshiplanet OP 2 Sep

lol, damn, what's more human than making a mistake? I copied your link directly, thinking it was the one they'd posted

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