reply on: SN elects to go noncustodial on Nov. 5th

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31 sats \ 1 reply \ @k00b OP 2 Nov \ parent \ on: SN elects to go noncustodial on Nov. 5th - FAQ & AMA meta

I do understand that territory fees can be paid in CCs which is great, but if we're getting a mixture of sats and CCs as payment for our content or value for our value, then are we able to pay the bill with a mixture aswell? Eg half sats half CCs?

Yes, that would be the plan.

Specifically thinking about ~Music most of the posts in the territory are my content, getting territory revenue is one thing but CCs would negate the individual content posts income. However minor that is, is still relied heavily upon to foot the territory bills.

The rewards pool approach wouldn't fix this exactly because you wouldn't get the sats you're zapped from those folks either - it'd go to the rewards pool. But, the rewards pool would be larger, and if you qualified for rewards, the sats you got in rewards would be larger.

But could you implement an automated message such as, "you've been zapped but there's no attached wallet to send them to, your sats have been sent to the rewards pool. Please attach an external wallet to send and receive sats" then maybe link a post on how to?

We were planning to do that with CCs, e.g. "you could've stacked sats but got CCs instead."

I do like the cleanness of the reward pool approach though. Adding another asset complicates things a lot. I'll keep thinking on it more.

208 sats \ 0 replies \ @Public_N_M_E 3 Nov

Thanks for clearing this up k00b, appreciate it bud.

You are doing great work trying to navigate the money transmission laws, thanks for all you do.