Bitcoin Forum

Is that so hard? So difficult?
Like cmon paying for 15$ value 30$ just to transfer

AT the moment XRP is number one. Its fast amd its cheap.

But really is that so difficult to make just one coin that works?  The coin what is cheap and fast.


Or is the crypto only for tjose who got a lot money to Move so They dont care.

But seriously this fees are insane Now!!


And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...


Can You guys create the one good working stable coin cheap to transfer and fast and easy to use



Is that all too much to ask?

Why would be needing another one if there are currently coins which can really suit up your needs? Stable coins? There are few numbers.

You cant really just expect on having a single coin on this market because there would be people who do think on making an another Bitcoin-like
and make themselves rich and thats the reason why we are flooded out by lots of shitcoin in the market.
For now you can choose up those fast confirming and cheap fee coins in the market.Isnt still enough for you?

Ask the developers of thousands of other coins that tried to get the perfect mix and still failed. For small transfers, bitcoin is not recommended right now. Not because it is only for the rich or for deep pockets, but because it simply isn't economical to do so. If you're planning on doing small transfers, why not do it using fiat and just be done with it? Or, since you mentioned XRP, why not use it in the mean time?

If they all helped you reach the same goal but some option is better, why not go for the better option to avoid stressing too much?

Bitcoin is meant to be a currency that can be transferred anywhere in the world regardless of rules imposed or boundaries. Satoshi prolly never thought of bitcoin's scalability which then caused this current problems we have with transactions. Then again this isn't going to be the way bitcoin works forever as Lightning Network and similar projects are aimed to fully remedy this problem.

So basically your problem is only the high transaction fee?

I think that can easily be solve by using an altcoins, I believe XRP is fast and the transaction fee is also cheap, other that XPR, we also have DOGE and TRON, they have good liquidity as well but with cheap transaction fee. Go for a high volume coin, with higher supply and less price, you won't worry enough for a high transaction fee.

Bitcoin now is more for traders and investors, not for daily transaction purposes like payment, etc.

Well, the common problem of people now is the high fee of top coins, the ethereum, and the bitcoin have the same high fee.
So if you are making a small transaction like $10 up, or a microtransaction, it will perhaps good if you will use an altcoin that has a very cheap fee like DOGE or XRP. For now, bitcoin and ethereum is not good for the microtransaction and holders also did not want to use their valuable coin to spend anywhere else because they realized that it is good for storing value than using on a regular cash basis.

This has nothing to do with bitcoin discussion. Move your thread elsewhere like in Altcoin Discussion. Don't anymore to the number of altcoins, there were a lot of them and just do your own experimentation for which is faster based on your experience.
Each coin has their own speed and rate in fee so that's why you need to make your own research and once done, make your own basis through using them.

https://i.imgur.com/QnMQFYd.jpg


Cryptocurrency transaction fees got you down?  

Let's compare them to wire transfer fees(see image above).

I'm surprised there aren't better charts to provide details on this topic.

They say we live in an information age. But vital data seems to be lacking on many important topics.

Regarding creating a new coin, it's not about the creation, what do you tell people that is the use case of the coin? Would it be something that'll make it worth buying?
Anyway, I understand what you're feeling due to the high transaction fees that is presently dominant. I myself am sticker with transactions due to the expense of swapping and sending them. So, let's just watch out for when the gas is low... I can't assure you that erc20 or bitcoin transactions will become very cheap in the future, but I know that some ideas that could help are unborn atm.

LTC,XRP or TRX would really solve out your problem if you do consider transaction fee and confirmation time then these coins would be enough on what you are looking for.

We don't need anymore coins where there are already coins which are already doing its job.Just choose on what you do like.Dont ask for more because we don't
need repetitive creation of said coins.

Your question should be why do we have a many coins is there a need for it.
There's no need to make a transaction of $15 or more if you know the steps to do it and if you dont urgently need the fund.
 
XRP is the one number worse coin in crypto history because it have no genuine important to the crypto community than to benefit private companies and themselves.

When regards to transfer fee no doubt xrp will beat those of bitcoin and eth when it comes to transaction but of course there are exemption to that. I can sense some projects already working on the conflict like this.

But to tell you it isn't that easy to make a perfect coin and developers knows this that creation of those coins are truly hard so if ever there are gonna be new project to showcase greatness then we will definitely see it mate.

Im not a developer...
Well but If I would
This is what I Will do it :
I create coin name it  fiat stable.  Its valued 1:1 to eur and 1:1 usd.  And Transaction fee always 50 cents and maximum of 3 minute Transactions.

That's Simple!

we already have stable coins like USDT on the TRC network and BUSD on the BSC network...
creating new tokens/coins will only add 'shitcoin' only. perfecting the existing one will be much better. *btw, please move this to Altcoins discussion

It is really hard for those who do not believe in it.

I used to make more than $10000 with just $200 invested in this market, many people at that time laughed and thought that it was a waste, but I was right because I dared to do what I thought and believed. So just trust and hope it will not be too difficult, and it is much simpler for you to learn and find many interesting things in this market.

There are a lot of coins with low fees. They just not so popular. Every coin creator has its own idea about good coin. I like how LTC works

The problem on using unpopular coin was volatility and liquidity available on the market. Most of trader preferred to use coin that price is not that volatile and they can easily convert it without worrying about high price slippage when you market order the coin that's why Bitcoin and other famous coin with high transaction fee is still in use up to date.

What are you saying? there's literally thousands of coins out there that is cheap and fast. If your only criteria for a good coin is fast and cheap, then even some of the coins in the top 100 can be suggested. If you are looking for a stablecoin that is cheap to transfer and fast, why not usd BUSD from Binance?

he is confused, at first he was talking about altcoin but then it went down to stablecoin.
it is funny to hear he said there is no altcoin that can help us to make transaction cheaply and fast while in fact there are thousand of them.
and he also said there is no stablecoin that is fast and cheap enough to make transaction when we have busd and usdt in defferent blockchains.
but from my observation, it looks like he was trying to push xrp name out but he has no idea what he was talking about.

We have a lot of options to choose from, and the best right now is thru BSC network, so I don’t know what OP is looking for, and putting XRP as the best option. The fees are growing insanely on ETH network, but still considered as one of the best, well if there’s a huge traffic the tendency are the feel will rise, let’s just hope that BSC network will stay cheap for good.

We have come in a common place to talk about it, so here we are. First why are we are? The name implies that sole for bitcoin at first hand and we talk so much we can even hardly follow the numbers of topics here. Now here comes another coin, pops ip out of somewhere, and another one and then another one and the list goes on. Why? It's people's greed, it's driving men so hard that they can hardly control themselves because we are now talking of money. A coin was mase for the inconvenience of all but these hoarders are some what making taking up the chances to earn more.

When it comes to payment XRP, Litecoin and Tron are the choices I bought items from our local marketplace and I'm glad that they included these altcoins, I also use these altcoins in my gambling activity, I save few dollars from not using Bitcoin, Ethereum honestly I miss the days when all my transactions are Bitcoin and Ethereum and altcoins are just for trading, now it's the other way around.

The issue here is the transactions fee, you sound like all of the tokens in the market have a high transaction fee. When Ethereum is not that crowded the fee is not really that bad compared to what it is now. There are so many people that are using Ethereum which is why they need to upgrade the network like Ethereum 2.0. It's easy to create a low fee token as long as it is not crowded it wouldn't really cost that much like Bitcoin and Ethereum. Most people use XRP and you could actually use other tokens even stable coin when doing the transaction and then just convert it again to Bitcoin or Etherem when the transaction is already done. Why not use stable coin if you need a low fee transaction?

First of all, it's good to ask any questions. But we don't need any kind of new projects which will be used as a gatway to do transections as there are so many projects which are providing those services. Also, it's not like, crypto is only for whales as it's for all and just need to figure out the way to pay less fees for doing any transections. If anyone want to withdraw funds from any exchange, than try to figure out any top as well as popular coin/token which has the lowest price and withdrawal fee is also lower than others so that we can able to withdraw into that coin/token. After that, convert that coin/token into other desired  coins like bitcoin or ethereum in top exchanges like FTX or Binance. I personally use FTX as there is no fees on any crypto withdrawal except ethereum and ethereum based tokens.

I think that back in the day when ethereum launched even the most passionate supporters did not think that ethereum will become as big and as widely adopted as it is today. But of course with wide Adoption also comes heavy network usage and this leads to the high network fees that we suffer from today. They know about the problem and are already working on a solution but that is probably not as easy as it seems.

Yes it is so hard to make one good coin which has an inovation, not just a copy and paste coin like what we saw today. Bitcoin ia the first crypto, ethereum add smart contract on it, dash add privacy and insta send, xrp add fast and cheap send. Zcash add more privacy.

yes to make coins trusted and safe. it takes a struggle from marketing, security and also low cost of sending coins. many new token or coin companies use platforms with very cheap coin sending costs

You think like a beginner. Fast blockchains have long been invented and can operate at speeds that are faster than the speeds of the world payment systems VISA and Mastercard.
But how is this done?
Validator nodes are located in data centers with very fast internet and we get a fast and centralized blockchain.
And we need decentralization, which requires consensus between all the nodes on the network.
If you are interested in the most realistic decentralized solution, then check out Ethereum.

I think so, because it's really looking very hard to solve scalability issue. Eth network is at insanely high gas levels for months already and nothing happens to fix it. Or it's a very complex situation which requires lots of tests or there are people confortably making huge profit from fees that it's not interesting to solve this for now.

I would like to be transacting at ethereum network right now, but it's so absurd that I had to pay 50% of the total transaction sum only in fees. I won't waste my money anymore until the gas returns to a fair price.

There are things you need to have and know in order to make good coin. One of those is the money for investment, second is the knowledge on how to do the process to make it a good coin. Third is transaction fee, it should be lesser from other so that many will use the coin.You need also to plan every move you do so that you will be successful in everything and be confident enough.

The difficult thing should be how to attract the new people to join in our project. Remember that people will be doing so many research to make sure they have choosen the right project. Mostly idea already taken by the old projects and the new projects just create more and more improvements to the problem that not yet fixed before.
Remember create a coin is not always about bring the new technology and it's about how it can be useful for the all of holders.
So many coins didn't offer the utility usecase.

In the coming years if they successfully developed the lightning network to its full capacity, then the long time problem of BTC transactions and speed will be fixed, and no doubt about it. There can't be no better development than that and some tech teams are also developing some advanced total security features to protect our BTC from hackers and so on so forth. In the next years to come only good things remain with BTC after its bad introduction in its first decade. Now it's time to pay them back with developments and security.

even if that was made, what you are asking for "one good working stable coin cheap to transfer and fast and easy to use" we will still be having this conversation in the near future when some other Investor will not be satisfy even with that. I wanted to do a transfer some time ago and using ERC20 was going to cost me $20+ and the used the TRC20 instead which I was luck the both exchange had the two and that cost me $1 for the same transaction and I must say it was fast too. I don't expect to do all this transactions for free so that in my opinion was cheap even though we could also argue it could have been cheaper than $1 but when compare to what i would have paid, it is cheap.
So you see, you cant get all that you want but you should use the best amongst the available and move on.

You need to become more familiar with the products on the market and not whine that you do not like something. Better do it yourself if you don't like something.
For fast transfers use the lightning network on the bitcoin blockchain.

There's a big changes in crypto market mate so that's normal. Indeed bitcoin price is so high right now and the same with the top altcoin in the market so you cant blame them why there's a high fee's nowadays when it comes making transactions and etc.. But anyways if you really want to avail lows fees then don't force yourself in such coin.. Indeed there's a lot of projects out there wherein has very affordable fees. So its up to you if you want make a research because its not necessary to focus in one coin remember that mate..

The developers are always working on finding new technologies and making coins which vanish the disadvantage of other coins but still it take lot of efforts to build a perfect coin which you are talking about.See if you are willing to send small amounts of money through Bitcoin,ETH then surely your medium is wrong because fees is too high at this time and TPS is low which will send your transaction to the memepool of unconfirmed transaction unless you use RBF and create a new transaction with high fees.You can try some other altcoins in the market with less fees like Dogecoin,Ltc or XRP as you mentioned which can enable you to transfer funds at lower fees with speed.So try them instead of blaming the developing community.

isn't having multiple chain feels convenient though? I always like stablecoins that have erc20, trc20, etc version since I could just choose one that suits my need and easily switch to another blockchain if I feel the fee is too overwhelming or other reason.
these stablecoins are also usually don't want to create their own blockchain since it's gonna be complicated and such a PITA from their business perspective. not to mention that USDT erc20 version works like charm if you ever feel to use stablecoins, it's not like exchanges don't accept this version of USDT anyway.

And the fact is that ethereums fee will be dropping after July as well, that's when eip1559 will take into place (hopefully) and that's where the fee structure will change and everything will go down. Even on the worst possible outcome, people will stop using ethereum too much because fees are high, and they will move to something else, and that will mean there will be less people on ethereum which will make the fees a lot cheaper anyway. So, one way or another the fees will drop on ethereum eventually.

XRP being the best is a weird claim he makes as well, he could be a shill for xrp but the fact is that Ripple is still under investigation tells me otherwise, they are not the best and will never be the best with this logic, they can't compare themselves to other things by just having less fee while they lack so many things compared to other coins and also have an investigation by SEC.

If you are going to transfer or withdraw just a small funds, better keep it for a while. For now, it is not recommended to to do small transactions because of too high transaction fees. Especially the coin/s you are going to transfer is those coins who uses the major coins' blockchain. It is good if you are just in only one big exchange to avoid frequent transfer.

It is very difficult, as we see, when in 2015 the developers presented ETH, could they imagine that in 5 years their project would require from $ 20 to $ 150 per transaction :? I think that no, they did not know it. Of course, because of these situations, many projects have appeared that solve this problem. It might be a good decision to create a single project with low commissions, but it won't. This is a lot of money and everyone wants to take over this market.

Taking time to create a coin should work. I think of Cardano when I say that. They are taking their time and trying too look at all aspect and I really like that. At the longer end projects like that will be more useful in the future.

Its not really easy thats why even eth and bitcoin are the most popular coins in crypto world, they're lacking into something that makes it not perfect and this problem can be resolve by other coins when it comes to fees. Xrp is one of the good alternative with low fees when transferring, if dev can create a coin that can resolve real problem and near to be perfect then we'll never face different issues but its not going to be easy.

is this coming from your frustration? chill dude, everything's going to be okay. The Crypto world is developing. This is a new world, everyone is doing trial and error to build better technology. We are still at the beginning phase. Just follow the flow. I mean, yes of course Ethereum needs to come with a solution regarding the clogging network and high fees and probably it will come in June or July. For some other solution, we saw Matic (polygon) as one of the efforts to overcome this, even though probably there's a lack here and there. Everything good must through a process.

Why don't you try the Doge or TRX experience. It's pretty good and works smoothly, quickly, and the transaction fees are pretty decent. After losing confidence with the fight with the SEC for XRP. I have studied and selected it. However, with the latest move recently, I think XRP can quickly return to its position as the best coin at a low cost to trade and transfer.,

Scams is a challenge and risk that you must always face when investing through cryptocurrency, so don't make it your obstacle to profit, because those who are afraid of fraud and don't want to try to deal with it through in-depth research and analysis, then you don't will never get anything in the crypto space, and for investment advice since you are still a newbie, then just choose coins that have potential and have good ratings such as BTC, ETH, BNB and ADA.

Ever heard of Vitalik Buterin's "trilemma" (https://toshitimes.com/what-is-the-blockchain-trilemma-security-vs-scalability-vs-decentralization/)? You can create cheap/fast tx coins easily but sacrifice security or decentralization. That's still solely about the network, but you have ownership problems too when the 1% of users hold 90% of the coin supply.

True, the mystery is what makes crypto space interesting.

I think what becomes really difficult is when they don't have market confidence in their project and product. it's like there is no enthusiasm for the product being made. it means that there will be no market adoption.
even when the project is seriously designed and running but not all get investors. At a certain time, they could become a scam because part of their team could just leave the project because there was no progress.

Stable coin? We already have many stable coins in the market, OP.
What more could you ask for?
We already almost have what we needed in the current market, maybe still need quite few tweaks for some coins especially with high fees in transactions, but that would even be satisfied through its current development.

Well, is not too much to ask, but instead of asking, why can't you do it yourself??
We are all in this world to solve problems in the various field we specialize on, if you know this thing isn't working or maybe it is working but for some reasons, it's not working as it should, it's in your best interest to fix it, you have the power to, as we are here in crypto, it's our collective responsibility to make it better, to make it work, if you find something not working as it should in the system, get up and correct it, it is no one man's responsibility but our general responsibility to make crypto currency better for us and generations to come.

Because nothing is perfect) in fact, it is not profitable to make small transactions on the basis of Ethereum, but there are a bunch of other good alternative coins (in the binance network). It seems to me that everything is not so bad.

The only thing that will help is to create a stablecoin ecosystem. If, for example, 1 ETH costs 1 $, then the entire ecosystem will work like clockwork, I am sure such a project will appear in the future. Of course, this is very difficult because who wants to develop a project in which the main point is a stablecoin, which cannot be earned.

with more on works of tasks with evaluation developer to deliver good product and service on returns with the work on manufacturing/development as more on extensive to gives of chance on public audience as they might attains on work with the crypto finance as trading with the market exchange.

of course, everyone has a different assessment of the project. it depends on how much the person likes it.
each person has a more prominent character. for example, prefer trading over investment and vice versa.
In the case of BSC, there are actually many scam tokens that scammers can easily generate. low-cost scammers can easily create liquidity on the exchange.
trust me making a very good asset for a new project is very difficult. moreover, they have to compete with assets that are first on the market. because building a strong market that will be very difficult to achieve by new projects.

Just stick into the trusted coins if you are feeling so hard to find the coin that can be trusted and i think that will be a very easy task to be done by you dude. there are a bunch of trusted coins on CMC. If you didn't have enough knowledge about how to deal with the new coin and then you should try to avoid it rather than put yourself at a big risk with a very big chance to lose your money instantly.


If you are looking for the new coin as an investment and you can use icodrop or cryptorank but if you are searching for a coin that already listed on the exchange site and goes to the top coins.

the problem is that most people are focused on making hodl and do not use cryptocurrencies to shop, there is LTC for example which is faster than many currencies, but then why is LTC not on top? because it copies bitcoin and people feel more secure making bitcoin hodl and for the LTC case people used it when they want to transfer coins from one exchange to another. this means that many developers are not focused on the question of speed and low rates, they focus on creating things that will attract investors.


there are currently hundreds of good altcoins, the person just has to choose what he thinks is suitable for the purpose he wants to use

for example:

if the person needs fast altcoin, then they can choose fast altcoins like LTC and others

if the person needs altcoin to make hodl and make a profit of 3X the person can look for altcoin that serves this purpose

I do agree that you can't make something that is perfect for everyone, eventually people will find something that is wrong with that project as well. I have tried to write a concept once for someone about a coin that would be so good that everyone would love it, it would have been basically the perfect coin that everyone would want to buy and use, it had usecases it had technological improvements it was awesome, and I presented it and during a beta test to see how people would react people didn't care, they didn't dislike it, they just didn't care about it. That day I realized I may have created a bad coin, but I know for a fact that no matter which coin you talk about, there is at least one person who hates it.

BSC is profiting people a lot, in the range of 1000%+ profits if you are quick enough, that's why I think so far that's the closest we got to perfect for traders.

First of all you have to understand that XRP is not a crypto, it's just a centralized currency managed and governed by bank. Secondly, blockchain has problem b/w scalability, security and centralization. It's because of this problem bitcoin still wasn't able to make it to mainstream payment system. 

Not actually the banks but Ripple labs itself. They've endorsed it before that it's the payment that shall be adopted by most banks until the lawsuit came.
And the one known financial institution or business that I've known partnered with them was Moneygram. But for the banks, I think if there's any, I forgot it.

You cannot compare ETH with XRP, because it is completely different, ETH has a whole ecosystem with many interactions, and XRP is not unique in anything, it is an ordinary coin. The ETH team hope to resolve this issue.

Kinda make sense. Ripple ain't using the blockchain mining concept instead they make their own consensus algorithm to make fast and swift transactions. Nevertheless, these are what the banks like to adopt and banks hates decentralisation. So, I guess this is one area where XRP was so different than any other alt in crypto market. This was also the reason why some investors has some trust and integrity issues towards this company.