reply on: Will Pay Sats For Cowboy Credits \ stacker news ~AGORA

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20 sats \ 24 replies \ @siggy47 OP 5 Jan \ parent \ on: Will Pay Sats For Cowboy Credits AGORA

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

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

85 sats \ 21 replies \ @siggy47 OP 5 Jan

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.

41 sats \ 0 replies \ @denlillaapan 5 Jan

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

41 sats \ 19 replies \ @Satosora 5 Jan

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

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.

10 sats \ 0 replies \ @siggy47 OP 5 Jan

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!

0 sats \ 2 replies \ @Satosora 5 Jan

Congrats on buying them so cheap then lol

20 sats \ 1 reply \ @ek 5 Jan

Only two took my offer though.

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20 sats \ 13 replies \ @siggy47 OP 5 Jan

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.

41 sats \ 12 replies \ @Satosora 5 Jan

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