Why do some experienced stackers suddenly want to buy Cowboy Credits? \ stacker news ~ideasfromtheedge

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Why do some experienced stackers suddenly want to buy Cowboy Credits?

257 sats \ 23 comments \ @Bit_Alb 5 Jan ideasfromtheedge

First, I saw the post of @ek, who offered to buy 100 CCs for 1 sat.

Second, I saw the post of @siggy47, who wants to pay sats for Cowboy Credits.

So why is it that stackers have started to buy Cowboy Credits? What do they know that we don't? 🤔🤔

I'm asking for a friend. 😉😉

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157 sats \ 11 replies \ @siggy47 5 Jan

For me it's just about territory rent. SN accepts cc's for rent. If I can buy cc's less than 1:1 it's worth it. There might be other reasons I haven't thought of.

41 sats \ 0 replies \ @Bit_Alb OP 5 Jan

If I can buy cc's less than 1:1 it's worth it.

Now it makes sense. Then it's a great deal.

41 sats \ 9 replies \ @Undisciplined 5 Jan

Oh, you wanted less than 1:1. I was going to offer more than, but then I realized I don't know how to send you Cowboy Credits, anyway.

42 sats \ 2 replies \ @siggy47 5 Jan

Yes. I guess I didn't make that clear. I value sats more than dollars, so I sure as hell value them more than cowboy credits! @ek's post seems to have the ratio about right.

I think you need to detach your wallet to be sure you're sending cc's

41 sats \ 1 reply \ @Undisciplined 5 Jan

I have no balance, though, so I'd then need to buy cowboy credits in order to sell them to you.

84 sats \ 0 replies \ @siggy47 5 Jan

I made the post on a lark, just trying to make the point that cowboy credits will have value in the SN "free" market. I think that was the point of @ek' post too: #837469

0 sats \ 4 replies \ @NovaRift 5 Jan

It’s simple! disable your wallet, and anything you send will be in CCs.

0 sats \ 1 reply \ @cyphercosmo 5 Jan

I believe if you do that everything you receive will also be in CCs, right? Just to confirm the understanding and clarify for others as well.

0 sats \ 0 replies \ @NovaRift 5 Jan

That's right! If your wallet isn't attached, you'll only receive CCs.

0 sats \ 1 reply \ @ek 5 Jan

You don't need to detach, disable should be enough:

0 sats \ 0 replies \ @NovaRift 5 Jan

Typo 👀

0 sats \ 0 replies \ @ek 5 Jan

If you disable your wallets, you will send CCs

28 sats \ 0 replies \ @grayruby 5 Jan

ek was doing it to prove a point and create a cc’s/sats market. Siggy is doing it because he has to pay territory rent and he values cowboy credits less than sats so he would rather pay in cowboy credits.

20 sats \ 2 replies \ @Aardvark 5 Jan

As far as I can tell CC are treated exactly the same way as sats are within the SN economy. So if you plan on spending sats, buying CC at a discounted rate allows you to increase your usable funds.

I'm not 100% positive on this but it appears to be the case.

0 sats \ 1 reply \ @Cje95 5 Jan

Yeah rn its sending them for people who don't have their wallets set up or if fees are to high. They are great to use to pay to post though or comment!

0 sats \ 0 replies \ @Aardvark 5 Jan

Honestly, if a market develops, I'll probably buy CC in the future too. Right now it just depends on how many CC enter the system vs leave it before a balance is struck.

18 sats \ 1 reply \ @ek 5 Jan

You can pay for territories with CCs.

0 sats \ 0 replies \ @k00b 5 Jan

you can also pay for boosts/posts/comments/donations with CCs

14 sats \ 0 replies \ @brandonsbytes 5 Jan

Well, if I buy CC now, and sats go up in value. Now I can post for cheaper and earn more sats? An arbitrage play?

10 sats \ 2 replies \ @Cje95 5 Jan

There is only one man who knows the answer…

Giorgio Tsoukalos!

0 sats \ 1 reply \ @NovaRift 5 Jan

😂

41 sats \ 0 replies \ @Cje95 5 Jan

I am happy I got here early enough to do that 😂 scared someone would beat me to it!

0 sats \ 0 replies \ @mod 6 Jan freebie

🚩 This post might be more relevant and engaging in the ~meta territory.