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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.
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
They're like the US Treasury. They control the cc printer.
The US printer never stops.
CCs are exchanged and then destroyed?
I dont know the coding behind it.
I don't have a clue.
Every zap turns 30% back into sats
Through the reward board?
21% go to territory founders as revenue, 9% go to rewards. Both are paid out in sats.
The whole thing is kind of fascinating. Right now I really don't grasp it.
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.
Yes, it was tongue in cheek, but it's still good you explained it. It will take a while for everyone to wrap their heads around these things.
Soon SNL will be like FOMC meetings lol
This is interesting.
All of these concepts are new since ccs just came out.
As far as SN is concerned, 1 CC = 1 sat.
Raising or lowering territory cost does not change that.
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!
Congrats on buying them so cheap then lol
Only two took my offer though.
Well, its still early.
You might have more chomping on the bit soon.
If they knew, wouldnt they raise the territory rent?
I thought they just lowered it?