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Title: Which exchange will be clever enough to find a way to host Pennies? Post by: auctioneeeeer on August 12, 2013, 04:49:46 PM Subject says it all!
Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: Sterling on August 12, 2013, 04:51:23 PM Transactions could be a minimum of X pennies.
Say 100 pennies, with a 1% fee = 1 penny. It's a start anyway. Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: auctioneeeeer on August 12, 2013, 05:03:35 PM Transactions could be a minimum of X pennies. Say 100 pennies, with a 1% fee = 1 penny. It's a start anyway. This is what I believe the launch on an exchange to be like, agreed. Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: SALHERO on August 12, 2013, 05:26:46 PM sell the pennies and pay the fee once is on bitcoin.. easy way...
Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: charliec on August 12, 2013, 05:37:04 PM Fractions of pennies should be doable within the exchange. It's just an internal ledger of sorts right?
Of course, deposits and withdrawals have to be in whole number amounts, but what prevents an exchange from charging their .2% (or whatever) fee on trades regardless of the number of pennies? Also, trading fractions should be fine too. No need to modify their systems at all except for the withdrawal limitation of a whole number. Am I missing something? Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: r3wt on August 12, 2013, 05:38:48 PM no option for boobies, therefore poll is invalid.
Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: charliec on August 12, 2013, 06:03:42 PM sell the pennies and pay the fee once is on bitcoin.. easy way... The problem is the transfer out of the exchange takes a fee (from the currency being withdrawn). If you are a new user and only have pennies there is not a way to take a percentage of a whole coin. The way to get it on the exchange would be to simply wave the fees entirely. But that would be charity, and the only businesses that can run on that business plan don't last. The withdrawal fee would most likely be a flat amount (like every other currency on every exchange). If it's .05 pennies or whatever, just be smart enough as a trader to have a balance of xxx.05 or so (to minimize what you'd have to leave on the exchange or trade for another currency to withdrawal). As I mentioned above, pennies are completely divisible on exchanges. No reason to worry about whole numbers when it's traded. (again, unless I'm totally missing something....) Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: Entz on August 12, 2013, 06:55:05 PM Why would they need a withdrawl fee (pennies has no txfees)?
Unless I am missing something, exchanges like Cryptsy already charge a fee in BTC when you buy or sell (That can be tweaked if they wish), only change required would be no "partial" pennies. Min buy/sell = 1.0. Should be a relatively trivial change imo. Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: jdebunt on August 12, 2013, 06:59:14 PM as long as it's kept off cryptsy & mcxnow, i'll be happy :)
Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: pbassjunk on August 13, 2013, 05:00:55 AM no option for boobies, therefore poll is invalid. Glad someone else is as juvenile as me! Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: JohnCar on August 13, 2013, 05:25:02 AM who is the dev for Pennies?
Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: muddafudda on August 13, 2013, 06:01:57 AM Don't think cryptsy will take it due to the premine
Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: r3wt on August 13, 2013, 06:04:33 AM Don't think cryptsy will take it due to the premine !state = boom Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: barwizi on August 13, 2013, 07:17:59 AM Title: Re: Which exchange will be clever enough to find a way to host Pennies? Post by: shakezula on August 13, 2013, 01:58:20 PM Don't think cryptsy will take it due to the premine !state = boom What does this even mean? As for "premine," yep, I mined $10 (1000) worth of 'em, that's what I spent on the graphics. I believe you've both had your cash outs (or two or three). As for if they make an exchange or not, not up to me--keeping them off Cryptsy isn't a bad thing, they need to reduce their list of coins by about 75% anyway! |