Is there a single nice article that would explain how Cowboy Credits work (with a nice diagram :) ), maybe with example to show the conditions when CCs are used and when sats are used?

Shouldn't it be linked from FAQ and from the /credits page? I tried checking these usual spots, but I didn't find any good description. I saw the "What happens to the sats in my SN wallet on Nov. 5th? ... Nothing." post, but that doesn't really explain how it works and why it's good & needed.
@k00b @ek :)

Hey @k00b @ek here is an interesting one for you.

When you scroll over the sats on Siggy's post #836419 it says zero sats and I see (200 CC's) from me but I didn't have 200 CC's in my SN wallet and I checked my attached wallet and it showed the sats being zapped.

Is it because it has a forward?

Of course they will always be worth less than a sat, but they will have some value because they are accepted as territory rent. It's kind of interesting. I'm sure @k00b and @ek have already figured it out.

I am more surprised how SOFT some Stackers are being right now.

It’s pretty straight forward in the settings. After that attach a wallet and stack sats.

I think zaps under 30 sats via coinos aren’t going through and are getting converted to cowboy credits. k00b mentioned something about the default fee being set at 22 sats. Maybe @adam_coinos_io can look into for us.

40 sats 💪

I see. Could he not receive sats due to the forward?

That’s what it is set at. It never charges that but if that is the default fee anything lower will not go through.

Siggy, l think it is still a bit early. CCs just started, people havent stockpiled them yet.

Even if the recipient wants CCs, you don't want them to have them?

We aren't doing this for our own benefit. Many stackers won't run nodes or connect to external services, and even for those that do, it will be unreliable or inefficient to route real sats in some cases. CCs are there so that someone creating value gets something when their lightning situation is insufficient, and then they can use those CCs to earn to real bitcoin.

You know what feels off to me? The level of cynicism I'm seeing around this change. All CCs, except for when territory founders use them to pay their territory fees, end up back in the rewards pool or territory revenue and are paid out as real sats to stackers.

How do you think they will price out in the future? Will it be pegged to the sat?

If they knew, wouldnt they raise the territory rent? I thought they just lowered it?

One thing I would say is while CC are not ideal you can use them to pay for your posts while everyone finishes up connecting wallets for p2p. Essentially in my mind I'm stacking some free posts and comments

No. I think it is set through coinos for their channel with SN. I am sure it will get sorted in the coming days.

To me it's about transparency and clarity, I don't doubt SNs intentions. The mechanics around zaps are very different now, without the UI having changed to the same extent.

To stackers living in the CC verse, who mainly used SN as pay to post, and then used the sats they earned to post again, things haven't changed much.

From the perspective of a stacker who mostly zaps without posting, they now have less control on who actually gets the sats they put into SN. This will get better as more stackers link wallets, and payments route better, but I'd like to have the final say on who gets my sats ya know?

I would like to submit that @Natalia is our favorite Bitcoin nomad.

I don't spend 500k sats every week but when I do it's on Stacker News.

You've got me thinking about how people always adopt current technologies as metaphors for our psyches. Presumably, that's because it's too hard to think about directly.

When you're not getting what you need from a relationship, is that because you have insufficient inbound liquidity (standoffishness, maybe) or does the other person have insufficient outbound liquidity (withholding) or maybe their channel fee is too high or yours is?

How do you parse those?

Is it helpful being able to list out the options in this way?

I look forward to all the armchair amateur psychologizing using bitcoin analogies in the years ahead.

Absolutely! I think it's great that so many people are learning how to do their own nodes and wallets now.

I expected it to be rocky for a while, keep up the good work.

P.S. Maybe having a static page where all of the rules regarding where sats go are explained will help appease the cynics?

you cant stop CC if the zaper doesn't have a funding wallet set up

How many transactions there are per day on SN? When people connect their wallets, this can some actually notable traffic in LN transactions.