reply on: Cowboy Credits are good for the economy \ stacker news ~econ

pull down to refresh

30 sats \ 8 replies \ @grayruby OP 5 Jan \ parent \ on: Cowboy Credits are good for the economy econ

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.

150 sats \ 7 replies \ @Undisciplined 5 Jan

All rewards are supposed to be sats, even for people without attached wallets. Is that not what's happening?

22 sats \ 6 replies \ @grayruby OP 5 Jan

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.

150 sats \ 5 replies \ @Undisciplined 5 Jan

They can receive rewards sats in their SN wallets and then withdraw them whenever they want. At least that's how k00b described it.

46 sats \ 3 replies \ @ek 5 Jan

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.

40 sats \ 2 replies \ @Undisciplined 5 Jan

Do those automatically turn into CC when you try to zap someone or do you have to buy the CC's?

42 sats \ 0 replies \ @grayruby OP 5 Jan

Good question.

33 sats \ 0 replies \ @ek 5 Jan

They automatically turn into CCs if you don't already have enough.

29 sats \ 0 replies \ @grayruby OP 5 Jan

Are you sure? I thought that was referring to the existing rewards they had in their SN wallet prior to non custodial conversion.