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I suggest you give this another go, because that's about the worst conclusion. A CC is simply a failed to deliver sat, but since these sats cannot be custodied, they are converted and have to be spent on-site. The only fiat here is all the fiat maxis.
No gun. No horse. But you're complain about CCs, the the the best suitable for when SN goes self-custodial.
Were you around when the site went non custodial and CCs were added. Very messy time. Transition was not easy, a lot of people left. CCs were a middle ground for SN to cover its ass while it built out the wallet infrastructure. It has improved a lot since then so they probably could be removed and everyone forced to attach a wallet but they are useful in a couple ways. Firstly sometimes zaps fail or wallets encounter issues. You can still use the site with CCs if this happens and secondly I think "you got some CCs you need to attach a wallet to get real sats" is a better incentive for new people than "hey I know you are new and just looking around but attach a wallet before you do anything".
Look at all the 'Libertarian freedom fighters' who cant be fucked to make the effort to attach and use send and receive wallets.
They circle jerk all day and night about their self sovereignty journey blah blah blah echo chamber virtue signalling fucking hypocrites.
@denlillaapan
@DarthCoin
You can easily create new accounts, rack some CCs from a freebie comment, and use that to post content that doesn't benefit the website.
If the comment earns CCs, doesn't that prove it's a valuable comment that benefits the website? Or is there some sort of exploit/bug?
The problem you are describing has nothing to do with CCs vs sats. Eliminating freebie posts is what you actually want.
what i say doesn't imply that SN should custody, which is what i assume you're referring to. users should just need to add an address to post. sats can be allocated site-wide. there needs to be real cost attached to posting.
yes, freebie posts need to go. but CCs need to go as well.
otherwise you just shift the problem elsewhere. if you have CCs, you need to decide how CCs value with regard to sats.
i can pay with sats for my first non-freebie post, but then if i get CCs allocated somehow, i can abuse the system again, back to square 1. CCs are essentially fiat.
as someone pointed out above, it's first a freebie problem. i can create an unlimited number of accounts and post whatever.
but CCs create this weird dynamic where they compete with real money (sats). this makes this site no better than any other site on the internet that uses likes or whatnot.
i can get some CCs and then boost whatever nonsense i want to boost because they are worthless outside of this website. CCs are fiat.
you are mixing a lot of things in a misunderstanding soup. CC are tokens, not free tokens because someone exchanged sats for it before, you can create a lot of fake nyms but CC are not free from the zaper, so you can spend it here only. Pay to post and to comment, if nobody gives you back you can’t do nothing here with your spam nyms.
faq section explains the whole thing very well.
Only people who are here trying to farm sats care.
Hm. Not sure about that...? I care, and I'm here to farm sats.
i care more about spam. what is really necessary is to have a cost attached to posting.
there are three users on this website and i already see bots and spam, just like the rest of the internet.
yup, correct.
(Not specifically for these reasons, but yes: CCs are antithetical to bitcoin, SN should never have introduced them.)
My mental accounting is that they're 0.7-ish of a sat:
- strictly worse than a sat bc it's trapped here and can only be spent here.
- not worthless, since it pays for posts and the "zapping" gets you a slice of the (ever-shrinking) rewards pool — which does pay out in real sats
I sent you some CCs.
CCs exist so k00b doesn't go to prison. When the money transmitter laws change I am sure he will be happy to remove them for you.