248 sats \ 17 replies \ @BlokchainB 21 Oct \ on: SN elects to go noncustodial on Nov. 5th - FAQ & AMA
So if I understand this correctly.
Daily Rewards, territory rewards, and zaps from stackers that have their own wallets linked will be sats and will be withdrawn to your attached wallet.
Everything else are cowboy credits that can’t be withdrawn? So stackers with no wallet attached they are zapping credits around that stay within the SN system.
So if I zap someone who doesn’t have a wallet attached it automatically gets converted to cowboy credits to stay in SN forever never to be withdrawn?
So if I zap someone who doesn’t have a wallet attached it automatically gets converted to cowboy credits to stay in SN forever never to be withdrawn?
Yes with the exception that Cowboy credits slowly become sats through rewards again
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so daily rewards and other rewards are not also "money transmission" ?
Or you have a special license for cowboy credits?
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Rewards are just us sending you our own money which isn't money transmission. I know you're just trolling, but I figured I should reply for anyone reading.
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Is not trolling. Is a genuine question.
sending you our own money
Sending is still transmission...
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Money transmission is the act of one party receiving currency for the purpose of sending it over to another party.
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So what is if I donate 1000 sats to the SN pool and then SN is sending those sats to others?
Is not transmitting?
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how convenient...
If you donate 1000 sats it's like buying 1000 cc's. rewards are not considered money transmission. You're missing the @Lux pills! Ahahahha
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Rewards are just us sending you our own money
k00b just said that are not CC
Okay thanks
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