reply on: Will the Monday and Friday prize now be in CC? \ stacker news ~meta

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55 sats \ 12 replies \ @ek 7 Jan \ on: Will the Monday and Friday prize now be in CC? meta

There are a lot of scammers who only post on SN to win contests and zap each other so they are just assmilking us, so we decided to use CCs for them. We will also decrease the bounty soon.

Sorry that honest stackers also suffer from that decision. But 10k sats at current prices for memes or facts was too much anyway.

I have another question, how many Cowboy credits are in circulation? How many of them will exist in total?

We'll show that in analytics soon so everybody can see that the supply does not necessarily increase but can also decrease since 30% of each zap is "burned" for territory revenue and rewards.

26 sats \ 2 replies \ @k00b 7 Jan

We didn't "decide" to use CCs for them really. It's just a consequence of the changes because the bot that pays them can only use CCs without further changes.

21 sats \ 0 replies \ @ek 7 Jan

Ah, yes, sorry

0 sats \ 0 replies \ @bief57 OP 7 Jan

I understand

21 sats \ 0 replies \ @SpaceHodler 7 Jan

If 30% of zaps, including CC zaps, gets converted into revenue and rewards, which can be paid out in sats, would it be correct to say that CC are like sat IOUs (i.e. SN backs them with real sats), but with the caveat that users can't simply redeem them for sats, they only become sats under special conditions (like payouts of revenue and rewards)?

63 sats \ 1 reply \ @0xbitcoiner 7 Jan

I think it's better to stop the contests! I understand the decision.

0 sats \ 0 replies \ @bief57 OP 7 Jan

I thought so too

0 sats \ 0 replies \ @denlillaapan 7 Jan

so... trust, don't verify?

0 sats \ 0 replies \ @bief57 OP 7 Jan

Yes, I had read about the reduction in the sats reward value, I even thought that starting this Monday it would be a smaller reward.

Oh, I see, they're cheating. Is there a way to set conditions for participation? For example, only those who have made X amount of posts (of value) in the week can participate?

0 sats \ 3 replies \ @Satosora 7 Jan

ek, I am just curious, do you have an idea who the scammers are?

0 sats \ 2 replies \ @bief57 OP 7 Jan

I think it's obvious if you look closely.

0 sats \ 1 reply \ @Satosora 7 Jan

You can see their nyms, but I am asking if he knows who created those accounts. That is the question I am curious about.

0 sats \ 0 replies \ @bief57 OP 7 Jan

@DarthCoin has a better eye for that