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156 sats \ 8 replies \ @Kenobi 13 Feb \ on: Stacker Saloon
Hey everyone, new to SN, but so far having a lot of fun.
I was wondering if there were any good guides or intros on how Cowboy Credits (CCs) work and how to know when you are paying with CCs and when with Sats.
I looked through the guides but didn't find a satisfying answer to this question.
Thank you all.
Did you read the FAQ? Let me know if you still have questions after reading it.
I assume with guides you meant what @Coinsreporter included in #885108?
Welcome!
edit:
Oh, I think this is actually not mentioned in the FAQ:
how to know when you are paying with CCs and when with Sats.
Whenever you pay SN, we prioritize CCs and when you pay other stackers, we prioritize sats. Does that answer your question?
I will update the FAQ with this answer later, thank you for the question!
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Yeah, I did read those, then I looked into the guides, and then I tried to search using the search bar, but didn't find a satisfactory answer.
But your edit just provided almost all of the info I was looking for:
Whenever you pay SN, we prioritize CCs and when you pay other stackers, we prioritize sats.
This is a good starting point, but my desire for knowledge is unquenchable.
I guess the ideal would be some sort of detailed explanation and economic analysis of how this dual-coin economy works exactly.
Like, what do you define as "paying SN" or "paying other stackers"? If there's some sort of spilt, is part of it paid in Sats and part in CCs?
Also, from a UX perspective, it would be good to have some clearer way to choose between both CCs and Sats. Perhaps the lightning could be different colored?
Just ideas :)
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Like, what do you define as "paying SN" or "paying other stackers"?
Only when you zap, you pay other stackers so it will prioritize sats.
Everything else (posts, replies, boosts, votes (in polls), donations, territories, jobs, downzaps) will prioritize CCs.
If there's some sort of spilt, is part of it paid in Sats and part in CCs?
Every zap pays 30% into rewards but it's not split. If you pay with sats, it's in sats. If you pay with CCs, it's in CCs. But maybe we'll implement paying the 30% fee in CCs, too. This is the first time someone brought this up actually!
Also, from a UX perspective, it would be good to have some clearer way to choose between both CCs and Sats.
Planned and I agree, I check a lot if I just paid in CCs or sats by clicking on
... and selecting 'details'. But we have to be careful with this since making the user think too much about paying in CCs or sats can also degrade UX.Perhaps the lightning could be different colored?
I don't understand, what do you mean? Wasn't this about choosing how to pay so before the bolt is colored in any way?
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Only when you zap, you pay other stackers so it will prioritize sats. Everything else (posts, replies, boosts, votes (in polls), donations, territories, jobs, downzaps) will prioritize CCs.
So when I click the LN Bolt, that's when it prioritizes Sats, because I'm "Zapping" other users. But when I do any otehr type of interaction, it prioritizes CCs.
Thanks, got it.
But maybe we'll implement paying the 30% fee in CCs, too.
From what I'm understanding, the economy of SN is that CCs are not redeemable in any way. You can only buy them, not sell them.
But the way in which CCs are destroyed, and thus enabling an escape valve, is by sending those CCs back to SN through the other interactions where Sats/CCs flow to SN. It would thus make sense that CCs get prioritized for that 30% split.
But we have to be careful with this since making the user think too much about paying in CCs or sats can also degrade UX.
I understand your point. Zaps should be quick and simple, less is more.
Thus, I provided the idea that, in case you guys choose to keep the Zaps UX/UI simple, an easy way to provide feedback to the user on "What did I just send, Sats or CCs?" would be to color the Lightning Strike that crosses your screen in a different color, depending on what was sent.
This way, the user gets a visual feedback on "You sent Sats" or "you sent CCs".
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I was wondering this myself...
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TLDR
CCs are like testnet sats, or like WoW "gold coins", used only INSIDE the game (SN).
I myself didn't attached any external wallet to my SN account (even that I tested many of them). Why? See my older posts (example #796213 and #733426) explaining why this move will create more problems than fixing them.
Using CCs inside SN is perfectly fine, but some of stackers are focused only on how to assmilk SN instead of providing value here. For me SN is a "pay to post" not "post to earn".
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I have to remind you that I remained your old friend and I never joined the Sith, I was forced and manipulated by Palpatine (that in the end I killed him).
I am the Balance in the Force 😂😂
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