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Author Topic: [ANN] LiteDoge - such Community coin | no premine | very fast | much profit  (Read 106358 times)
MinerFTW
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June 27, 2015, 05:40:42 PM
 #501

Guys.

Now coin is growing and growing etc and more are staking etc.
its smart to lower coin fee.

it goes back in stakes all the time but because of amounts we stake its a pain while combining blocks etc. What do you all say we lower stock fee for the monday fork. now 0.99 is only 3 sat but when you need to combine blocks daily and coin is over 10 sat (soon we all hope) it can and is too high set imho. Please input before i change it in the code.

Kind regards,
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heavensopen
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June 27, 2015, 05:53:34 PM
 #502

Guys.

Now coin is growing and growing etc and more are staking etc.
its smart to lower coin fee.

it goes back in stakes all the time but because of amounts we stake its a pain while combining blocks etc. What do you all say we lower stock fee for the monday fork. now 0.99 is only 3 sat but when you need to combine blocks daily and coin is over 10 sat (soon we all hope) it can and is too high set imho. Please input before i change it in the code.

Kind regards,

i think you are probably right
MinerFTW
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June 27, 2015, 05:53:56 PM
 #503

Guys.

Now coin is growing and growing etc and more are staking etc.
its smart to lower coin fee.

it goes back in stakes all the time but because of amounts we stake its a pain while combining blocks etc. What do you all say we lower stock fee for the monday fork. now 0.99 is only 3 sat but when you need to combine blocks daily and coin is over 10 sat (soon we all hope) it can and is too high set imho. Please input before i change it in the code.

Kind regards,

i think you are probably right


i know Tongue

on other side i think a fee of 0.01 is better for this now big coin then 0.99
ctgiant
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June 27, 2015, 05:56:35 PM
 #504

Guys.

Now coin is growing and growing etc and more are staking etc.
its smart to lower coin fee.

it goes back in stakes all the time but because of amounts we stake its a pain while combining blocks etc. What do you all say we lower stock fee for the monday fork. now 0.99 is only 3 sat but when you need to combine blocks daily and coin is over 10 sat (soon we all hope) it can and is too high set imho. Please input before i change it in the code.

Kind regards,

I agree with this idea, but we will not implement until we get some feedback from the community, so please let us know sooner rather than later as we would like to get the wallet download links available to you guys as soon as possible.

edit: also we were thinking that the tx fee should be something like .001 -- we would like your input on that as well.

MiningAlts Block Explorers and Windows/Mac Wallet Building Services - http://miningalts.com
MinerFTW
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June 27, 2015, 05:58:59 PM
 #505

Guys.

Now coin is growing and growing etc and more are staking etc.
its smart to lower coin fee.

it goes back in stakes all the time but because of amounts we stake its a pain while combining blocks etc. What do you all say we lower stock fee for the monday fork. now 0.99 is only 3 sat but when you need to combine blocks daily and coin is over 10 sat (soon we all hope) it can and is too high set imho. Please input before i change it in the code.

Kind regards,

I agree with this idea, but we will not implement until we get some feedback from the community, so please let us know sooner rather than later as we would like to get the wallet download links available to you guys as soon as possible.

edit: also we were thinking that the tx fee should be something like .001 -- we would like your input on that as well.


Thats why i made the post Smiley we are rocking new wallet already but not without input from community Smiley
Lower from 0.99 to 0.01 is a big change already and i would make it in wallet within secs so we can make it in fork Smiley
vabat
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June 27, 2015, 06:29:33 PM
 #506

Thanks for considering and including the community.  I am happy with whatever you think is best.
litedoge
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wow much coin such love


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June 27, 2015, 07:05:26 PM
 #507

Guys.

Now coin is growing and growing etc and more are staking etc.
its smart to lower coin fee.

it goes back in stakes all the time but because of amounts we stake its a pain while combining blocks etc. What do you all say we lower stock fee for the monday fork. now 0.99 is only 3 sat but when you need to combine blocks daily and coin is over 10 sat (soon we all hope) it can and is too high set imho. Please input before i change it in the code.

Kind regards,

I agree with this idea, but we will not implement until we get some feedback from the community, so please let us know sooner rather than later as we would like to get the wallet download links available to you guys as soon as possible.

edit: also we were thinking that the tx fee should be something like .001 -- we would like your input on that as well.


Thats why i made the post Smiley we are rocking new wallet already but not without input from community Smiley
Lower from 0.99 to 0.01 is a big change already and i would make it in wallet within secs so we can make it in fork Smiley

Don't make it too low - I suggest 0.1 fee
fitinplace
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June 27, 2015, 07:46:32 PM
 #508

i agree with litedoge .1.  also be nice to importprivkey brain wallet.

heathcoin
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June 27, 2015, 08:34:39 PM
 #509

I think lowering the transaction fee to 0.01 makes the most sense at this time.  We have some people wanting 0.001 and others wanting 0.1.  So, we go for the middle at this time and move forwards with the wallet.

Make sense?
MinerFTW
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June 27, 2015, 08:35:51 PM
 #510

I think lowering the transaction fee to 0.01 makes the most sense at this time.  We have some people wanting 0.001 and others wanting 0.1.  So, we go for the middle at this time and move forwards with the wallet.

Make sense?

it also makes it more attractive for lower amount ppl to start staking and also for merchants to adopt.
crunck
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June 27, 2015, 08:36:26 PM
 #511

I think lowering the transaction fee to 0.01 makes the most sense at this time.  We have some people wanting 0.001 and others wanting 0.1.  So, we go for the middle at this time and move forwards with the wallet.

Make sense?

I think .1 as well

MinerFTW
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June 27, 2015, 08:39:28 PM
 #512

I think lowering the transaction fee to 0.01 makes the most sense at this time.  We have some people wanting 0.001 and others wanting 0.1.  So, we go for the middle at this time and move forwards with the wallet.

Make sense?

I think .1 as well

thats not lowering thats only adjusting slightly. try to combine blocks daily then it add up fast or ppl that get tipped in bot and want to move to wallet it cost them a lot to start. All great/big coins have 0.001 even Smiley

it will raise useablilty a lot if lower. rewards are dropping and price is rising. why a fee even Smiley
heathcoin
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June 27, 2015, 08:39:52 PM
 #513

I think lowering the transaction fee to 0.01 makes the most sense at this time.  We have some people wanting 0.001 and others wanting 0.1.  So, we go for the middle at this time and move forwards with the wallet.

Make sense?

I think .1 as well

0.1 or 0.01?  I thought I was pretty clear why we should go with 0.01.

- heathkid (IRC)
heathcoin
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June 27, 2015, 08:40:45 PM
 #514

...also, it's not like we have time to put up a community poll for a week on this one.  You know?
LiteBit
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June 27, 2015, 08:50:01 PM
 #515

My vote .1 as well.

We're going to have 35 billion coins and already have over 5 billion coins. Anything less isn't logical.

Sure other coins have smaller tx fees but they also have smaller total supply.

Even if LiteDoge ever hits $.01 cent that still makes our marketcap $35B (which isn't going to happen, let's be realistic). That makes each transaction 1/10 of a penny which isn't going to hamper vendor adoption in any way.

Realistically tx fees will be 1/1000 of a penny or around there for many years if we go with .1. Personally I'd make it higher. But for voting purposes I vote .1.
MinerFTW
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June 27, 2015, 08:56:07 PM
 #516

My vote .1 as well.

We're going to have 35 billion coins and already have over 5 billion coins. Anything less isn't logical.

Sure other coins have smaller tx fees but they also have smaller total supply.

Even if LiteDoge ever hits $.01 cent that still makes our marketcap $35B (which isn't going to happen, let's be realistic). That makes each transaction 1/10 of a penny which isn't going to hamper vendor adoption in any way.

Realistically tx fees will be 1/1000 of a penny or around there for many years if we go with .1. Personally I'd make it higher. But for voting purposes I vote .1.

but for what are txfee even used for? it's included in supply already not that you make more from it in supply.
heathcoin
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June 27, 2015, 09:06:58 PM
 #517

Along with the comments and suggestions here, there has been a lot of discussion going on with many members of the community as well as the devs on IRC.  We are moving forward with reducing the fee to 0.01.  If anyone here really feels strongly against that, please join us on IRC and we can discuss in real-time.  Thank you.
LiteBit
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June 27, 2015, 09:10:27 PM
 #518

My vote .1 as well.

We're going to have 35 billion coins and already have over 5 billion coins. Anything less isn't logical.

Sure other coins have smaller tx fees but they also have smaller total supply.

Even if LiteDoge ever hits $.01 cent that still makes our marketcap $35B (which isn't going to happen, let's be realistic). That makes each transaction 1/10 of a penny which isn't going to hamper vendor adoption in any way.

Realistically tx fees will be 1/1000 of a penny or around there for many years if we go with .1. Personally I'd make it higher. But for voting purposes I vote .1.

but for what are txfee even used for? it's included in supply already not that you make more from it in supply.

It's a reward for stakers and the mechanism in place to secure the network. It doesn't effect the total supply.
MinerFTW
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June 27, 2015, 09:14:28 PM
 #519

My vote .1 as well.

We're going to have 35 billion coins and already have over 5 billion coins. Anything less isn't logical.

Sure other coins have smaller tx fees but they also have smaller total supply.

Even if LiteDoge ever hits $.01 cent that still makes our marketcap $35B (which isn't going to happen, let's be realistic). That makes each transaction 1/10 of a penny which isn't going to hamper vendor adoption in any way.

Realistically tx fees will be 1/1000 of a penny or around there for many years if we go with .1. Personally I'd make it higher. But for voting purposes I vote .1.

but for what are txfee even used for? it's included in supply already not that you make more from it in supply.

It's a reward for stakers and the mechanism in place to secure the network. It doesn't effect the total supply.

On this coin its a punishment for stakers. This coin is fast and its a loose weight really.
you need to combine blocks daily really to stay on top staking in most perfect ways.
crunck
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June 27, 2015, 09:41:14 PM
 #520

Along with the comments and suggestions here, there has been a lot of discussion going on with many members of the community as well as the devs on IRC.  We are moving forward with reducing the fee to 0.01.  If anyone here really feels strongly against that, please join us on IRC and we can discuss in real-time.  Thank you.

Right so It wasn't you lot on IRC asking us our opinions then, it was you lot on IRC telling us !

Exactly the reason I no longer use IRC because its the MinerFTW and Heathcoin show.

I'm not saying the pair of you have not done good things for this coin because you have.. BUT you cant have a coin like this that is meant to be community driven when its "your way or the highway" !

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