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146 sats \ 5 replies \ @supertestnet 3 Jan 2025 \ on: SN release: not custodians meta

Alternative headline:

Stacker News launches its token!

Tokenomics:

  • For now, Cowboy Credits are pegged to bitcoin at a rate of 100000000:1
  • Cowboy Credits can be printed at any time by k00b if he decides to modify the peg ratio -- and he can also raise or lower their "official" price at will
  • k00b retains the right to freeze, drain, or burn any community member's Cowboy Credits whenever he wants, for whatever reason he wants (or for no reason)
  • There is no official place to "sell" Cowboy Credits, but if you do things k00b likes he might give you bitcoin
  • You can send Cowboy Credits to any community member on stacker.news, so anyone can set up an exchange if they want to
  • We'll see if the community creates exchanges so you can trade Cowboy Credits for other tokens

The launch is LIVE so you can buy Cowboy Credits right now at stacker.news/credits

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75 sats \ 0 replies \ @k00b OP 3 Jan 2025

Have a blessed year super.

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0 sats \ 2 replies \ @jakoyoh629 4 Jan 2025

I've been reading up on eCash. Maybe it could be used for CCs, huh?

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71 sats \ 1 reply \ @ek 4 Jan 2025

no: CC = no custody of sats, eCash = custody of sats

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0 sats \ 0 replies \ @jakoyoh629 4 Jan 2025

I see, this is all about legal matters.

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0 sats \ 0 replies \ @DarthCoin 3 Jan 2025
There is no official place to "sell" Cowboy Credits,

sir I am way ahead... even from 14th Oct '24 #723069
I have no problem using CCs inside SN. For me are just like WoW "gold" coins.

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