Re: ELECTRONEUM SPECULATION THREAD

adding a 0.01 etn fee for each transaction means that even the dev team don't believe that electroneum value will go to the moon
those who are dreaming for a 100 usd/coin or even 10 usd /coin have to be more realistic because with those value the transfer fee will be so high !!

Adding a .01 ETN does nothing but protect the blockchain from spam. It was always planned, just now announced that the testing is over and they chose .01 ETN (1 eCent)

The tiny tiny fee goes to the miners anyway

but this means that the value of etn will never reach a high value like 100 usd / etn (i know that will be a miracle !!). if the miracle happens the fee will be 1 usd for each transfer !!
what i want to say is that we have to stop dreaming about ETN and the possibilty to be a competitor for btc and eth
(sorry for my poor english)

Dont understand your math - fee will always be 1 eCent per transaction - also when etn will be at 100$ sometimes.
Thats only for one thing - bad people can cause heavy load to the network by permantly transfering ETN between wallets. With a fee this form of attack hopely will not happen.

Gany

here is my idea :
as the fee is 0.01 etn that means when etn value increase the fee will also increase.
the main idea of etn is making micro transaction, so if by miracle it hits 100 usd / etn and we need to make a purchase of an application or a game with 1 usd we will need to pay 2 usd (1 usd price + 1 usd as transaction fee).
i think that the fee should be a % from the transacted amount not proportional to etn value

thanks

Iota is for micro-tranactions.

Wrong thread.

Electroneum is for regular transactions between humans, focusing on game and gaming markets mostly.