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I feel it could have been explained a bit better in the beginning.
Because at the end of the day, they eventually get turned into sats.
There were big blowups about it over nothing.
I thought k00b did a good job communicating how they work and what they are. There's only so much you can do for people who aren't listening or willfully misunderstanding.
I am working on updating the FAQ. Then everybody can simply point to the section in the FAQ that states once and for all that everybody receives rewards in sats, IT DOES NOT MATTER IF YOU HAVE AN ATTACHED WALLET.
Sorry for all caps. I'll use bold font in the FAQ.
You guys have worked hard and are awesome.
That being said. Generally it is good to have the documentation ready prior or along with a major change.
My only criticism. I don't want to be shouting from the bleachers.
Generally it is good to have the documentation ready prior or along with a major change.
yeah, we underestimated how confusing it would be
I find no fault with CCs.
I think we already know the type of people who dont like it.
Pretty soon everything will be ironed out.
Its only been a few days, the people that actually use SN know what is happening.
Thats what is important.
All the people that come in to this wont know the before.
It could have been that I wasnt reading it carefully enough.
I do remember he said the rewards would come back as sats.
At the end of the day, do you care which one you get?
The rewards do come back as sats, don't they?
Yes, from what I have noticed.
And you have the option of buying ccs, so it makes it effortless.
For the most part.
There really shouldnt be any complaints, it was well thought out.
The 30% that goes to rewards only become sats for people with attached wallets. I would imagine that is most of the reward getters but I don't know what the actual number is. Maybe 1/3 of the 30% stays as CC's and gets distributed.
All rewards are supposed to be sats, even for people without attached wallets. Is that not what's happening?
But they can't receive sats in custodial wallets so they would convert back to cc's for them as far as I know. Unless they are prompted with an invoice to collect their rewards, which would be really cool, but I don't think so.
They can receive rewards sats in their SN wallets and then withdraw them whenever they want. At least that's how k00b described it.
You are right. That's why there is a sat balance in credits.
We can hold sats for you, we just cannot allow you to send that to other stackers which is why CCs exist.
Do those automatically turn into CC when you try to zap someone or do you have to buy the CC's?
Good question.
They automatically turn into CCs if you don't already have enough.
Are you sure? I thought that was referring to the existing rewards they had in their SN wallet prior to non custodial conversion.
No, only 70% of cowboy credits survive each transaction, so after two transactions only 49% survive. The half-life is how long it takes half to decay.