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Wow, exchange rate definitely out of market value!

the bot will include the 30% fee between users in the amount you should send.

Plus 30% fees? Can we call this scam?

Peer-to-peer transactions are much more affordable for both buyers and sellers. In this post I did some research and collected all the current offers for buying and selling cowboy credits with sats and vice versa. @ek, how have you defined your exchange rate? Can you also explain why the transaction needs to be done as anon?

1 sat \ 9 replies \ @ek 1 Sep
Plus 30% fees? Can we call this scam?

It means the bot calculates for you how much you need to send for it to receive what it wants. It improves UX. What makes this a scam?

how have you defined your exchange rate?

I want two credits per sat. This means senders need to send 2/0.7=2.857 credits per sat because 30% will not arrive.

I have plans for a floating exchange rate.

Can you also explain why the transaction needs to be done as anon?

You don’t need to do it as anon, but why would you want to link your nym to a lightning invoice if you don’t have to?

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What makes this a scam?

~186% above market price... Anything above 17% is usury = scam. You didn't study business in college right?

I have plans for a floating exchange rate.

That's what I thought, and why I asked how you do it.

You don’t need to do it as anon, but why would you want to link your nym to a lightning invoice if you don’t have to?

Why you don't just ask for a lightning address instead? or you really want to know which node the invoice is coming from?

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324 sats \ 5 replies \ @ek 1 Sep
Why you don't just ask for a lightning address instead? or you really want to know which node the invoice is coming from?

LOL, a lightning address returns lightning invoices

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lol, a lightning address returns lightning invoices

yes but your node see it and is better than publishing a lninvoice publicly.

I thought you were a smart guy that what you are revealing to be here, goint to contribute to Core and leaving SN for a good cause. Is you account being hack? Why wasting your time playing this bankster bs with cc?

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368 sats \ 3 replies \ @ek 1 Sep

Dude, you think a lightning address is more private than a lightning invoice? A lightning node does not care about lightning addresses. It can only pay lightning invoices. Anyone can fetch as many lightning invoices from your lightning address as they want. A lightning address is worse because you’re also revealing a nym and domain.

I thought you were smarter that what you are revealing to be here. Is you account being hack?

I could say the same to you

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Forgot you're still a kid. Keep playing, be safe. Hopefully you'll learn something.

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126 sats \ 1 reply \ @ek 1 Sep

Continue to believe a lightning address is more private than a lightning invoice

lmao

I should make a post about it so others don’t make the same mistake

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52 sats \ 0 replies \ @ek 1 Sep
You didn't study business in college right?

You ignored the part of my reply that explained to you that you’re wrong

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1 sat \ 0 replies \ @ek 1 Sep
~186% above market price

It’s not 186%.

With the current exchange rate, I send 0.5 sats for every credit I receive. @0xbitcoiner sends 0.6 sats: #1559839

Therefore, you will receive 10% more if you use @0xbitcoiner‘s exchange rate.

Please explain 186%?

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10 sats \ 8 replies \ @anon 1 Sep

This exchange is a scam.
And SN have a flaw in the rewards system. If you are smart you better use wisely those CCs to get back sats in rewards.

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Thanks for confirming @ek

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13 sats \ 6 replies \ @ek 1 Sep

This wasn’t me. This exchange is not a scam. This @anon was @DarthCoin.

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19 sats \ 1 reply \ @anon 1 Sep

Is good that you think like that. Now any anon will be a darth. Nobody will know.
Any anon posing as Darth will be a perfect disguise.

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32 sats \ 0 replies \ @anon 1 Sep

Strange thing.
When Darth was active on SN, ek was posting as anon.
Now when Darth left SN, ek says that Darth is posting as anon.
Is ek in fact Darth ?

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10 sats \ 0 replies \ @anon 1 Sep

Darth value much more his sats than any anon. As anon you must pay with sats. Darth was using CCs only, will not waste his sats for a meaningless reply on SN.

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This exchange is not a scam.

Ok, g'luck on your new business.

This @anon was @DarthCoin.

How do you know?

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1 sat \ 1 reply \ @ek 1 Sep

If your issue is with the exchange rate, what do you think would be a fair exchange rate?

Your website is confusing because it doesn’t clarify whether the exchange rate is based on the amount sent or the amount received.

My exchange rate is the same as @SimpleStacker’s 0.5, assuming he meant 0.5 based on the amount he will receive.

How do you know?

He’s repetitive

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what do you think would be a fair exchange rate?

I'm no one to define a fair exchange rate. I defined my, within the ~AGORA territory, with sybil fees included, to 0.91 sats/ccs #1323640 so buyer get 91sats each 100ccs

My exchange rate is the same as @SimpleStacker’s 0.5

Sure

source

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