reply on: I Exposed Crypto Scams at an Ordinals Conf in Hong Kong \ stacker news ~bitcoin

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30 sats \ 5 replies \ @JoeNakamoto OP 18 Jan \ parent \ on: I Exposed Crypto Scams at an Ordinals Conf in Hong Kong bitcoin

i don't understand what you mean by cowboy credits?

30 sats \ 3 replies \ @nout 18 Jan

I wrote a quick summary here: #842835

Essentially Stacker News now supports non-custodial zapping, but if either payer or payee do not have connected wallets, then it uses "cowboy credits" instead of actual sats.

tl;dr: connect your wallet with nwc. For example coinos. I wrote a tutorial for that here #808573

0 sats \ 2 replies \ @chaum 19 Jan

Thank you for the explanation. I did setup Coinos with NWC and I can send sats from my Coinos, but I do receive cowboy credits, so probably I can't receive.

0 sats \ 1 reply \ @chaum 19 Jan

I just read the quick summary. If one of the people doesn't have a connected wallet, then the transfer happens in CCs (it will turn sats to CCs if needed). That's probably what happened I guess.

21 sats \ 0 replies \ @nout 19 Jan

Yes, that's exactly what happens. And then when you are active on SN and doing good stuff you will actually get sats (not CCs) from the daily rewards. So if you receive CCs, then use them actively on SN and you will actually stack sats (maybe even more) and you can then withdraw those.

0 sats \ 0 replies \ @SimpleStacker 18 Jan

Earlier this year Stacker.News decided not to hold other peoples' funds in custody anymore. Now, the only way to send sats to one another here is if you have an attached wallet. If you don't have an attached wallet, you'll end up receiving "cowboy credits" instead, which can be used like sats within SN, but not outside of it.