reply on: Will Pay Sats For Cowboy Credits \ stacker news ~AGORA

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20 sats \ 11 replies \ @siggy47 OP 5 Jan \ parent \ on: Will Pay Sats For Cowboy Credits AGORA

They're like the US Treasury. They control the cc printer.

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.

25 sats \ 2 replies \ @siggy47 OP 5 Jan

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.

41 sats \ 1 reply \ @ek 5 Jan

Soon SNL will be like FOMC meetings lol

0 sats \ 0 replies \ @Satosora 5 Jan

This is interesting. All of these concepts are new since ccs just came out.

41 sats \ 6 replies \ @Satosora 5 Jan

The US printer never stops. CCs are exchanged and then destroyed? I dont know the coding behind it.

20 sats \ 5 replies \ @siggy47 OP 5 Jan

I don't have a clue.

61 sats \ 4 replies \ @ek 5 Jan

Every zap turns 30% back into sats

0 sats \ 0 replies \ @siggy47 OP 5 Jan

The whole thing is kind of fascinating. Right now I really don't grasp it.

0 sats \ 2 replies \ @Satosora 5 Jan

Through the reward board?

20 sats \ 1 reply \ @ek 5 Jan

21% go to territory founders as revenue, 9% go to rewards. Both are paid out in sats.

0 sats \ 0 replies \ @Satosora 5 Jan

Right. Now l am seeing the a more clear picture.