Post 11/5 Questions \ stacker news ~meta

pull down to refresh

845 sats \ 34 comments \ @siggy47 3 Nov meta

I'm sure you will have another lengthy AMA/FAQ soon, but I am having trouble envisioning how this will work.

If detached wallets zap undetached wallets, where does the real bitcoin go?
Will the sybil fee be taken in real bitcoin?
Will accounts be identified as detached or cowboy credit?
Can we automatically set only cc's to be used for zaps to cc wallets?
Will territory owners be paid daily revenue in both bitcoin and cc's?

I probably will come up with more questions as the deadline looms. If you are planning a comprehensive post explaining everything, ignore this. I can wait.

view all related items

240 sats \ 9 replies \ @k00b 3 Nov

The receiver gets CCs
The sybil fee is taken as CCs if they are CCs or sats if they are sats. Because the sybil fee is paid to SN, they are paid out in rewards pool and territory revenue as sats regardless of whether the sybil fee currency are CCs or sats.
To start, nothing beyond the gun/horse will indicate attached status, but we plan to have a more live status indicator.
Where it's obvious what people would prefer, we'll do what's preferred. Where it's not obvious, you'll be able to configure what you'd like.
Territory owner revenue will be paid in sats, regardless of whether the fees were taken as CCs or sats.

68 sats \ 3 replies \ @poe7645 3 Nov

Wait, the gun and horse indicate attached wallet status?

Must not be the case since I still don't have either and my node is both sending and receiving... Guess I'll keep searching for my equipment.

179 sats \ 2 replies \ @StillStackinAfterAllTheseYears 4 Nov

I believe it's a "necessary but not sufficient" situation. You need a connected wallet to be able to get the horse or gun, but you also need to meet other criteria.

31 sats \ 1 reply \ @k00b 4 Nov

Yep

0 sats \ 0 replies \ @poe7645 4 Nov

Well then. I'll just stick to slinging tunes in the Music Saloon.

13 sats \ 0 replies \ @siggy47 OP 3 Nov

Thanks.

0 sats \ 0 replies \ @Bell_curve 4 Nov

This comment should be pinned?

0 sats \ 2 replies \ @0xbitcoiner 3 Nov

What happens to the daily rewards given to users who don't have attachad wallets? Do they go to a cc wallet or a sat wallet?

33 sats \ 1 reply \ @k00b 3 Nov

All rewards are paid out as sats (same as territory revenue) regardless of attach wallet status.

0 sats \ 0 replies \ @Satosora 3 Nov

Siggy, I was right for once! So k00b, in theory my sat wallet (address) on SN would stay active even if I dont attach a wallet?

96 sats \ 0 replies \ @grayruby 3 Nov

It will be truly like the Wild West. Shall be fun to find out.

53 sats \ 17 replies \ @Satosora 3 Nov

These are some interesting thoughts. I thought all the zaps used on this site would be converted to CCs? Unless you zap from a wallet? Daily rewards are paid out in btc.

30 sats \ 16 replies \ @siggy47 OP 3 Nov

I'm not sure I fully understand what you're asking, but I am sure you won't be getting rewards in btc without an atttached wallet.

43 sats \ 15 replies \ @Satosora 3 Nov

I thought they would have two balances on SN. One for CCs and one for BTC?

63 sats \ 14 replies \ @siggy47 OP 3 Nov

Yes. I'm sure that's correct. You won't be earning any more real bitcoin after Tuesday unless you attach a wallet.

53 sats \ 0 replies \ @0xbitcoiner 3 Nov

I don't remember reading it, but it makes sense that the daily rewards go into the sats sn wallet. (no attached wallet) cc/ @k00b

43 sats \ 12 replies \ @Satosora 3 Nov

Hhhmm...let me find that post. I think k00b said all the rewards would be sent out as btc. I thought that mean for people who didnt have attached wallets, but I could be wrong.

30 sats \ 11 replies \ @siggy47 OP 3 Nov

I'm sure he said you can KEEP the bitcoin forever that is already in your wallet prior to 11/5

43 sats \ 10 replies \ @Satosora 3 Nov

Interesting. I guess everything will be answered in a few days. If I really need to, I will attach a wallet after the 5th. Maybe I can get away with trading CCs for someones bitcoins. Wonder if they will be one for one? I feel like I want to test how the CCs work before I attach a wallet. Less headache, and I would only lose a few sats.

30 sats \ 9 replies \ @siggy47 OP 3 Nov

1 to 1? Not likely

view replies

43 sats \ 0 replies \ @cryotosensei 4 Nov

Thanks @siggy47 for articulating these blind spots. Always important to have pioneers paving the way for us for projects of such immense scale!

43 sats \ 0 replies \ @Undisciplined 3 Nov

I look forward to k00b's answers, but here's my understanding:

The real bitcoin is held by SN
Essentially, yes, whenever possible
Don't know
I think there was mention of using cowboy credits first, when the recipient has no wallet attached
Payments from SN will all be in real sats

43 sats \ 2 replies \ @0xbitcoiner 3 Nov

detached is attached wallets?

33 sats \ 1 reply \ @siggy47 OP 3 Nov

Yes. Sorry😀

43 sats \ 0 replies \ @0xbitcoiner 3 Nov

It's all gonna work with ccs, rewards are paid out in sats (except p2p). I'm thinking territory revenue will be in sats too. It's a good idea to identify who's using P2P. Based on their horse and revolver we can already tell a few of them!