Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: tyz on March 10, 2014, 03:11:56 PM



Title: Why is minimum fee for transfering Nextcoins so high?
Post by: tyz on March 10, 2014, 03:11:56 PM
Minimum transaction fee for Nextcoin is 1. Meaning, when I want to transfer 1 Nxt I have to pay a second Nxt for transaction. So minimum account balance must be 2 Nxt. If there is only account balance of 1 Nxt you are not able to do anything with it. I know that the transaction fees go completely to forgers, but paying 100% for fees is ridiculous. Even, when I send 10 or 20 Nxt it is 10% or 5% fee. In my eyes, it is to much.
Lets assume, one Nxt reaches 1$ one day (1 bln. market cap), you pay 1$ fee to send 1$. Does not make sense for any business  ???
On the other side, I saw transactions of 10k Nxt on the blockchain where the sender paid 1 Nxt, too. This seems completely unfair.

Why is it like that? It is planned to reduce the fee from time to time? Does it change when Nxt will reached version 1.0?

I don't want to read stuff like "because Nxt is scam" etc. Only serious responses, please.


Title: Re: Why is minimum fee for transfering Nextcoins so high?
Post by: Zzzack on March 10, 2014, 04:49:51 PM
because NXT is scam  :)