[SWAP] SN Cowboy credits \ stacker news ~AGORA

[SWAP] SN Cowboy credits

590 sats \ 34 comments \ @DarthCoin 14 Oct AGORA

I am posting this offer now as A REMINDER to all SN stackers !

No worry too much about the zapping system starting with 5th Nov, we can have a nice swap service internally.

We can exchange the SN cowboy credits for real sats easily:

I sent you some cowboy credits to your SN account
you sent me real sats to an indicated LN address or LN invoice outside of SN, using our personal external LN wallets

My actual offer start with 1 cowboy credit (CC) = 1 sat ($$) but can be change in the future, depending on the demand.

OPEN FOE BUSINESS 😂😂😂

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44 sats \ 2 replies \ @ek 14 Oct

You described buying cc with sats which is the same as depositing sats since they will be converted to cc but not selling cc for sats

17 sats \ 0 replies \ @siggy47 14 Oct

Exactly! That's why I thought it was a joke.

0 sats \ 0 replies \ @DarthCoin OP 14 Oct

If a stacker do not have enough cowboy credits (CC) can make me an offer for my CC. So he will send me real sats outside SN.

Works also the way around: I want sats and I have many CC (that I cannot withdraw from SN). So somebody will take my CC. Can work perfectly fine.

10 sats \ 6 replies \ @siggy47 14 Oct

If cc's depreciate against sats, as they should, this could be used by territory owners to pay rent cheaply in cc.

43 sats \ 5 replies \ @DarthCoin OP 14 Oct

Exactly :)

0 sats \ 4 replies \ @siggy47 14 Oct

At first I thought this was crazy, but this could turn into a way to earn non kyc sats as cc's become a way to buy bitcoin on robosats.

It depends on real cc demand. Obviously territory owners can benefit, but they can be used in the future for boosting, pinning posts, etc.

43 sats \ 3 replies \ @DarthCoin OP 14 Oct

hehehe now you start understanding my words... On robosats you can put whatever you want as payment method, if the other party accept it, the process is done the same.

And this is how cowboy credits will became shitcoins on the market

0 sats \ 2 replies \ @siggy47 14 Oct

Wait. Ccs can't leave SN. It won't work.

43 sats \ 1 reply \ @DarthCoin OP 14 Oct

Yes is working. I am just sending CC to YOUR SN account from MY SN account. CCs do not leave SN. Only sats are send outside.

Think of CC as being dollars in a bank. And we both have the same bank.

0 sats \ 0 replies \ @siggy47 14 Oct

I see

10 sats \ 1 reply \ @siggy47 14 Oct

You are a good hearted soul! Why do they say those things about you?

43 sats \ 0 replies \ @DarthCoin OP 14 Oct

what things?

1 sat \ 0 replies \ @handtomouth 15 Oct

You came with this idea on your own? I was about to say we will cross the bridge when we get there. As soon as the Cowboy Credits were announced as official, you are all ready tempting us to cross the bridge right away. Very innovative @DarthCoin

1 sat \ 3 replies \ @0xbitcoiner 14 Oct

It's a good idea, but you'll have to trust the other stacker, or have SN act as a third party to broker the operation. Which I think is what SN will avoid.

21 sats \ 2 replies \ @DarthCoin OP 14 Oct

Did you hear about hold invoice? Like Robosats is using?

0 sats \ 1 reply \ @0xbitcoiner 14 Oct

I think I've heard something about it, but I'm not sure what it is. Does it work like a smart contract? How do you link that to cowC?

21 sats \ 0 replies \ @DarthCoin OP 14 Oct

Go to Robosats and make an offer. Put the payment method as "SN cowboy credits" and wait for somebody to take your offer. The rest is described in the Robosats documentation: https://learn.robosats.com/docs/quick-start/

1 sat \ 1 reply \ @hasherstacker 14 Oct

Hahaha. That's a good offer Darth.

101 sats \ 0 replies \ @DarthCoin OP 14 Oct

1 sat \ 3 replies \ @Satosora 14 Oct

I think people will want to convert the other way.

20 sats \ 2 replies \ @DarthCoin OP 14 Oct

works both directions

0 sats \ 1 reply \ @Satosora 14 Oct

You will have to see how the market works. What if the cowboy credits become inflated like fiat? lol

44 sats \ 0 replies \ @anon 14 Oct

0 sats \ 0 replies \ @b73dba08c0 14 Oct

Very interesting offers 🤔

0 sats \ 0 replies \ @SpaceHodler 14 Oct

My bank asked me today what I do for a living, to protect me from money laundering.

Next time I'll tell them I trade cowboy credits for sats.

0 sats \ 6 replies \ @grayruby 14 Oct

What will be interesting is when someone wants to withdraw their cowboy credits. You might be able to get them to take 80k sats for 100k in cowboy credits.

50 sats \ 5 replies \ @DarthCoin OP 14 Oct

CC will not be able to withdraw externally

64 sats \ 4 replies \ @grayruby 14 Oct

Yes, I know. This is why people may want to exchange CC and get less sats in return.

Say I have 100k CC and I want to turn some of them into sats so I message you "hey darth I will give you 80k cowboy credits and you give me 60k sats'. I deposit CC to your wallet on SN and post a 60k sats lightning invoice that you pay.

Of course this would require some trust between the parties.

100 sats \ 2 replies \ @DarthCoin OP 14 Oct

Of course this would require some trust between the parties.

Use Robosats if you do not have that trust. Put the offer on Robosats: I offer 100k CC in exchange for 80k sats. I am coming and take your offer, putting the sats on hold (with a hold invoice in Robosats) until you send me the CC through SN. Once I received the CC I confirm in Robosats and you get the sats automatically. Robosats act as a escrow service.

21 sats \ 1 reply \ @grayruby 14 Oct

Trust problem solved already.

We have a market.

20 sats \ 0 replies \ @DarthCoin OP 14 Oct

Do you trust Darth to play honest?

And when we will have the SN badges implemented we can assign trust badges to others...

50 sats \ 0 replies \ @siggy47 14 Oct

Exactly

0 sats \ 0 replies \ @Coinsreporter 14 Oct

Yes, P2P Says for CC!! When you go beyond anything than Bitcoin, it causes P2P mode to activate.

0 sats \ 0 replies \ @anon 14 Oct