pull down to refresh
How do you think they will price out in the future? Will it be pegged to the sat?
If they knew, wouldnt they raise the territory rent? I thought they just lowered it?
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.
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
They're like the US Treasury. They control the cc printer.
I don't have a clue.
I know it was probably tongue-in-cheek but let me explain why printing CCs would be a bad idea:
Every CC has to be backed by sats because they’ll eventually turn into sats again via rewards or will be used for territory rent. So we would literally cut into our own revenue if we would print them.
Yes, it was tongue in cheek, but it's still good you explained it. It will take a while for everyone to wrap their heads around these things.
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!
It's like the dudes have been reading MMTers. This is straight outta Warren Mosler
Nah, never. sats have use and value elsewhere; CCs are local to SN
I'm sure. I just want my offer on the table😀