reply on: Cowboy Credits are good for the economy \ stacker news ~econ

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454 sats \ 19 replies \ @Undisciplined 5 Jan \ parent \ on: Cowboy Credits are good for the economy econ

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.

124 sats \ 2 replies \ @grayruby OP 5 Jan

You guys have worked hard and are awesome.

That being said. Generally it is good to have the documentation ready prior or along with a major change.

My only criticism. I don't want to be shouting from the bleachers.

62 sats \ 1 reply \ @ek 5 Jan

Generally it is good to have the documentation ready prior or along with a major change.

yeah, we underestimated how confusing it would be

0 sats \ 0 replies \ @Satosora 5 Jan

I find no fault with CCs. I think we already know the type of people who dont like it.

40 sats \ 0 replies \ @Satosora 5 Jan

Pretty soon everything will be ironed out. Its only been a few days, the people that actually use SN know what is happening. Thats what is important. All the people that come in to this wont know the before.

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?

20 sats \ 1 reply \ @Undisciplined 5 Jan

The rewards do come back as sats, don't they?

71 sats \ 0 replies \ @Satosora 5 Jan

Yes, from what I have noticed. And you have the option of buying ccs, so it makes it effortless. For the most part. There really shouldnt be any complaints, it was well thought out.

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.

150 sats \ 5 replies \ @Undisciplined 5 Jan

They can receive rewards sats in their SN wallets and then withdraw them whenever they want. At least that's how k00b described it.

46 sats \ 3 replies \ @ek 5 Jan

You are right. That's why there is a sat balance in credits.

We can hold sats for you, we just cannot allow you to send that to other stackers which is why CCs exist.

40 sats \ 2 replies \ @Undisciplined 5 Jan

Do those automatically turn into CC when you try to zap someone or do you have to buy the CC's?

42 sats \ 0 replies \ @grayruby OP 5 Jan

Good question.

33 sats \ 0 replies \ @ek 5 Jan

They automatically turn into CCs if you don't already have enough.

29 sats \ 0 replies \ @grayruby OP 5 Jan

Are you sure? I thought that was referring to the existing rewards they had in their SN wallet prior to non custodial conversion.