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

I'm sure. I just want my offer on the table😀

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

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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.

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

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I don't think the lowered rent had much to do with cowboy credits. I think it had to do with the fiat price of bitcoin doubling since rent was set, but maybe I'm mistaken.

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No, you could be right.
I didnt even think of that.
It would be interesting if they only had a certain amount of CCs, they could create their own economy and market. Lol

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They're like the US Treasury. They control the cc printer.

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The US printer never stops.
CCs are exchanged and then destroyed?
I dont know the coding behind it.

41 sats \ 3 replies \ @ek 5 Jan

I know it was probably tongue-in-cheek but let me explain why printing CCs would be a bad idea:

Every CC has to be backed by sats because they’ll eventually turn into sats again via rewards or will be used for territory rent. So we would literally cut into our own revenue if we would print them.

61 sats \ 4 replies \ @ek 5 Jan

As far as SN is concerned, 1 CC = 1 sat.

Raising or lowering territory cost does not change that.

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Oh yes. I'm sure of that. I meant you were aware of the arbitrage games that would be played. In fact you started it!

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Congrats on buying them so cheap then lol

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20 sats \ 1 reply \ @ek 5 Jan

Only two took my offer though.

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Well, its still early.
You might have more chomping on the bit soon.

It's like the dudes have been reading MMTers. This is straight outta Warren Mosler

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Nah, never.
sats have use and value elsewhere; CCs are local to SN

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