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193 sats \ 4 replies \ @Undisciplined 4 Nov \ on: Is Anyone Thinking About Maintaining A Separate Cowboy Credit Account? meta
I don't think there's any reason to think of cc's as importantly different from a custodied sat with a withdraw delay. Eventually, they turn back into rewards sats.
There's some tiny arbitrage there, but it doesn't seem worth much effort to exploit. You'd be better off just gaming the rewards system.
That's why we need real economists.
I like the theory of cc's as custodied sats with a withdraw delay. The lawyer in me is now thinking we're straddling pretty close to the custody/noncustodial line. I kind of skimmed over cc's when the explanation was made since I really wanted to attach a wallet anyway.
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I'll try to find some.
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On each transaction 70% will go to the recipient as CC's, while the other 30% will turn into rewards/territory revenue sats.
That means CC's have a half-life of slightly less than two SN transactions.
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