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Showing 4 of 4 results by dtrumpfan
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Board Bitcoin Discussion
Re: $0.85 transaction fee is absolutely ridiculous!
by
dtrumpfan
on 18/05/2017, 03:52:21 UTC
the fees are actually over $13 per transaction when you include the block reward!  This averages out to only 0.5% of the total transaction volume which is pretty cheap for proven security.  

small transactions are somewhat subsidizing larger ones because of the tx fees.. which i think is obviously terrible for the currency.

The fees seemingly need to be pegged to a USD amount, or at least the protocol should be aware of the value of USD, respective bitcoin. I say this not to extol the supremacy of the dollar, but to peg the fees to a reasonable marker. USD is ubiquitous and already somewhat of a global standard. I love bitcoin going to the moon, but it sucks that the fees had to come along too Wink

the fees should just be the block reward for a very long time... most people think the fee per transaction is $1-2 when it is actually $13... why not improve the optics and make the tx fee zero for the next 100 years?
Post
Topic
Board Bitcoin Discussion
Re: $0.85 transaction fee is absolutely ridiculous!
by
dtrumpfan
on 18/05/2017, 01:49:02 UTC
the fees are actually over $13 per transaction when you include the block reward!  This averages out to only 0.5% of the total transaction volume which is pretty cheap for proven security.  

small transactions are somewhat subsidizing larger ones because of the tx fees.. which i think is obviously terrible for the currency.
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Topic
Board Tokens (Altcoins)
Re: [ANN] MOBILEGO Crowdfund - LARGEST Crypto Crowdsale In History
by
dtrumpfan
on 17/05/2017, 14:41:22 UTC
sorry to ask this again, but i wanted to find out before i invest..

Does the MobileGo Foundation entirely own the gamecredits platform?  Are any revenues derived from the gamecredits platform directed anywhere other than the foundation?

Is the sole mission of the MobileGo foundation to increase the value of MGO tokens (by marketing the platform, further developing the platform, buying back MGO shares)?
Post
Topic
Board Tokens (Altcoins)
Re: [ANN] MOBILEGO Crowdfund - LARGEST Crypto Crowdsale In History
by
dtrumpfan
on 17/05/2017, 03:01:29 UTC
Does the MobileGo Foundation entirely own the gamecredits platform?  Are any revenues derived from the gamecredits platform directed anywhere other than the foundation?

Is the sole mission of the MobileGo foundation to increase the value of MGO tokens (by marketing the platform, further developing the platform, buying back MGO shares, etc.)?