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Siggy, l think it is still a bit early. CCs just started, people havent stockpiled them yet.
I'm sure. I just want my offer on the table😀
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How do you think they will price out in the future? Will it be pegged to the sat?
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Of course they will always be worth less than a sat, but they will have some value because they are accepted as territory rent. It's kind of interesting. I'm sure @k00b and @ek have already figured it out.
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It's like the dudes have been reading MMTers. This is straight outta Warren Mosler
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If they knew, wouldnt they raise the territory rent? I thought they just lowered it?
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61 sats \ 4 replies \ @ek 5 Jan
As far as SN is concerned, 1 CC = 1 sat.
Raising or lowering territory cost does not change that.
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Oh yes. I'm sure of that. I meant you were aware of the arbitrage games that would be played. In fact you started it!
Congrats on buying them so cheap then lol
I don't think the lowered rent had much to do with cowboy credits. I think it had to do with the fiat price of bitcoin doubling since rent was set, but maybe I'm mistaken.
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No, you could be right. I didnt even think of that. It would be interesting if they only had a certain amount of CCs, they could create their own economy and market. Lol
Nah, never. sats have use and value elsewhere; CCs are local to SN
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