Quote from: mberg2007 on June 10, 2013, 12:16:14 PM

Quote from: sairon on June 10, 2013, 10:41:37 AM

Quote from: mberg2007 on June 10, 2013, 10:37:20 AM

If you first have to exchange your YAC into CDN or USD, and then withdraw that money from the exchange, it will be highly impractical and completely unfeasible for small purchases.

Having a place to spend your YAC directly will increase its usefulness a great deal.

-Michael

I think we have bigger problems right now.

Is that a fact? I actually think the biggest problem for YAC (and many other alts) is the fact that you can't spend them on anything. Their only value comes from the exchange rate with some fiat currency. These currencies are naked with no substance to them, which makes them a speculative instrument at best.

If you could take 100 YAC and buy a meal at McDonalds, people would mine them for other reasons than to exchange them to USD. Some people might want their salaries paid in YAC rather than USD. And people with YAC in their pockets will create a demand for merchants to support YAC spending, which is the ONLY thing that will sustain a currency in the long run.

If YAC is irrelevant as a long term currency, then whatever problems "we have right now" are in reality also pretty irrelevant.

- Michael

Well, first we need a much wider Bitcoin adoption... IMHO alternative cryptocurrencies are just for the "community", to test new features and come up with possible improvements for some "new" (read: widely-adopted) cryptocurrency (or become one). For me, the value of YAC is its innovation. And as far as the speculation goes - well, just look at some Bitcoin exchange rate charts. Wink

Like it or not, speculators are driving the Bitcoin market forward. This is a truly free market after all. And as there's no effective way of short-selling Bitcoin, all they can do is force the price to rise.

Seriously, you can't demand that everyone suddendly starts accepting a *coin that has been around only a month. Did your granny hear of Bitcoin? Maybe. Litecoin? Highly unlikely.

Quote from: mnx on June 10, 2013, 03:16:46 PM

Is anyone else having problems sending coins?

I've done all my mining on p2pool, and I can't create a transaction larger than 30 YAC. (I have 294 YAC in my wallet currently). ANything larger and is says failed to create transaction. When I try to send 30 YAC, it says I need to pay a transaction fee of 41 YAC!!!!!

Any way to get this fixed?
Thanks!

You have too many of too little inputs from p2pool mining. Every input is some 200 bytes on average when you try to send it, and also you pay fee for every single kB of transaction and the space in one block is pretty limited, so it might have just happened that you exceeded it.