pull down to refresh

1264 sats \ 44 comments \ @grayruby 5 Jan econ

Just call me the Paul Krugman of SN.

Cowboy Credits are fine but let’s face it they suck compared to getting zapped those sweet sats. If you don’t like cowboy credits you should probably attach a wallet.

If you don’t like cowboy credits and you have an attached wallet spend those suckers as soon as they hit your account. It’s good for the SN economy (plus 30% of cowboy credits spent get cleaned back to sats via rewards for those of us with attached wallets)

Where is my Nobel prize?

view all related items

375 sats \ 24 replies \ @Undisciplined 5 Jan

The half-life of Cowboy Credits is less than two transactions. People are losing their minds over things that turn back into sats almost immediately.

127 sats \ 0 replies \ @gmd 5 Jan

seriously. in real world value people are complaining about $20 bucks max in real life value. get a job or something if you're in a first world country trying to make a living off of SN. I'm here to net spend sats on the community not collect.

67 sats \ 20 replies \ @grayruby OP 5 Jan

Only for people with attached wallets.

454 sats \ 19 replies \ @Undisciplined 5 Jan

No, only 70% of cowboy credits survive each transaction, so after two transactions only 49% survive. The half-life is how long it takes half to decay.

78 sats \ 9 replies \ @Satosora 5 Jan

I feel it could have been explained a bit better in the beginning. Because at the end of the day, they eventually get turned into sats. There were big blowups about it over nothing.

53 sats \ 8 replies \ @Undisciplined 5 Jan

I thought k00b did a good job communicating how they work and what they are. There's only so much you can do for people who aren't listening or willfully misunderstanding.

81 sats \ 4 replies \ @ek 5 Jan

I am working on updating the FAQ. Then everybody can simply point to the section in the FAQ that states once and for all that everybody receives rewards in sats, IT DOES NOT MATTER IF YOU HAVE AN ATTACHED WALLET.

Sorry for all caps. I'll use bold font in the FAQ.

view all 4 replies

42 sats \ 2 replies \ @Satosora 5 Jan

It could have been that I wasnt reading it carefully enough. I do remember he said the rewards would come back as sats. At the end of the day, do you care which one you get?

view all 2 replies

30 sats \ 8 replies \ @grayruby OP 5 Jan

The 30% that goes to rewards only become sats for people with attached wallets. I would imagine that is most of the reward getters but I don't know what the actual number is. Maybe 1/3 of the 30% stays as CC's and gets distributed.

150 sats \ 7 replies \ @Undisciplined 5 Jan

All rewards are supposed to be sats, even for people without attached wallets. Is that not what's happening?

22 sats \ 6 replies \ @grayruby OP 5 Jan

But they can't receive sats in custodial wallets so they would convert back to cc's for them as far as I know. Unless they are prompted with an invoice to collect their rewards, which would be really cool, but I don't think so.

view all 6 replies

73 sats \ 1 reply \ @Aardvark 5 Jan

The only thing cowboy credits have done for me is incentivizing zapping more often. I consider it to be a positive if anything.

52 sats \ 0 replies \ @gmd 5 Jan

haha yup hot potato to give them to others

220 sats \ 2 replies \ @Shugard 5 Jan

You are Paul Krugman of SN!

21 sats \ 1 reply \ @grayruby OP 5 Jan

Amazing. Well done. Big zap, real sats for you.

40 sats \ 0 replies \ @Shugard 5 Jan

Thank you!

68 sats \ 1 reply \ @SimpleStacker 5 Jan

For your contributions to the economics of virtual currencies, I hereby award you the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

30 sats \ 0 replies \ @grayruby OP 5 Jan

Thank you. I accept this with pride and gratitude.

50 sats \ 1 reply \ @siggy47 5 Jan

If you receive the honor, please be like Bob Dylan and don't show up to accept it.

41 sats \ 0 replies \ @grayruby OP 5 Jan

Too late. Someone already gave me a nobel prize jpeg and I accepted it.

Now on to my next mission. SN by fax machine.

40 sats \ 0 replies \ @supratic 8 Jan

Guides to connect your wallet on Stacker News

These guides help you withdraw your sats from SN wallet. Not mandatory, you can also play with SN Cowboys Credits (CCS) and enjoy Stacker News without hustles!

Not enough? Learn more here #835262

40 sats \ 0 replies \ @sasasuina 6 Jan

I agree, except for the Nobel Prize. 🤣

The simplest way to calm the complaints is to make cowboy credit circulate like sats. For instance, allow withdrawing cowboy credit and paying in sats.

However, doing so would make cowboy credit equivalent to custodial bitcoin, which means SN would essentially become another form of custodial wallet. This would contradict the goal of moving towards noncustodial solutions.

So we need to accept cowboy credit.

40 sats \ 0 replies \ @User21000000 5 Jan

Cc is fine sats are better bigger things to worry about than cc on sn 🤠

40 sats \ 1 reply \ @Cje95 5 Jan

Lmaoooo! I cant get ya a Nobel but I could call up good 'ol Joey B and see if he has a Presidential Medal of Freedom lying around you can have since they are being given out like hotcakes!

0 sats \ 0 replies \ @grayruby OP 5 Jan

I see that.

40 sats \ 0 replies \ @Satosora 5 Jan

I think at the end of the day, and with a longer perspective, the people that will earn sats will keep earning sats.

40 sats \ 0 replies \ @NovaRift 5 Jan

This is a good post; no one is understanding. CC does the same thing as Sats here 😂.

0 sats \ 0 replies \ @Aardvark 5 Jan

I'm spending them as quickly as I get them so far. If anything has changed, I zap a bit more generously now.

0 sats \ 0 replies \ @mod 6 Jan freebie

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

81 sats \ 0 replies \ @Coinsreporter 5 Jan

I appreciate your contributions to the economy of SN but you've a tough competition for nobel from @siggy47 @ek and me. We all are also CC maxis. So, let's wait who wins.

61 sats \ 0 replies \ @Coinsreporter 5 Jan

74 sats \ 0 replies \ @carlosfandango 5 Jan

deleted by author