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0 sats \ 3 replies \ @028559d218 OP 10h \ parent \ on: How do i know that 'social media' accounts and posts... aren't mostly Bots? lightning
But if the "CCs" are custodially held by the platform... And then they are 'sent' to another user, shouldn't that user receive actual sats?
The CCs aren't being sent. The Sats are. But the sats that would be 'sent' in that case aren't the same sats as being sent by the original user - they are sending CCs for all they know NOT sats...
Like hey I have 100 CCs 'on' Stacker News. I zap someone but i don't have a wallet 'attached'. So they should receive 100 CCs as Sats right? The sats "for the user" were never custodied by Stacker News. The CCs were only used... because someone never had a sending/receiving wallet attached.
At least, that's the logical thing?
No, that's money transmission. If we allow you to send CCs that others receive as sats (money), those CCs are custodial bitcoin (money) that we are just calling CCs temporarily. Reward sats and territory revenue is OUR money that we are choosing to pay to people of OUR choosing. Your scenario describes customers storing CCs with us that are treated like money (except in name). Money transmission: taking custody of money from person A, then sending the money to person B on person A's behalf.
For the sake of understanding the decisions made here: imagine I've had lots of legal counsel, 18 months to think about the decisions involved, I'm at least average intelligence, and I have every motive to have you all receive real sats.
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I understand where you guys are coming from.
Don't get me wrong, I love Stacker News and it is vastly better than so many other platforms on the internet. And I have left Reddit and Twatter... because in the future the trajectory is proof-of-work and Pay-to-Post validation for the entire internet -otherwise it will be swarmed with Bots, Spam, and AI manipulation even worse than it already is.
The article wasn't supposed to put Stacker News in the 'past tense' category (not at all). Having said that, please don't be surprised when some users are critical (super testnet being one of them?) about the new CCs instead of Sats.
In the long run, I hope Mr Trump as disruptive as he is gets wooed by the deep-pocketed 'crypto' industry and relaxes the money-transmitter-rules long enough for places like Stacker News. He seems to really like lobbyists if/when Bitcoiner/Crypto people make enough noise... and he likes the 'stocks to go up' too in the process.
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Having said that, please don't be surprised when some users are critical (super testnet being one of them?) about the new CCs instead of Sats.
It will get better. Our goal is to surprise no one. We've done a poor job of making it easy to avoid surprise. You sharing what you think helps us do that so I appreciate it.
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