I can not send MGO from MEW.
For testing. I first wanted to send 623 MGO to exchange site.
I copy/paste deposit address. I just choose MGO (it correctly shows my balance on website), write the amount I wanted to send (623). I increase gas.
Below is the transaction that MEW generated.
It complains that I do not have enough funds. Yes, I do not have enough ETH, but to I need to have eth to send MGO??
welcome to what people have been warning about for years about scalability. I had to set gas to like 120000 to get them to send, and even then only 50% were successful many simply failed to register at all. No failure, no attempt to mine.
This is slightly off topic but it's why I have started getting out of ERC20s because any issues that end up affecting the network will invariably affect the tokens too. unless it's some sort of smart contract set up like the proposed lightning network...where there's no fees and instant transactions because it's never actually mining anything, just trading 'credit' on the coins between approved parties.
With the FOMO bum rush by plebs to get rich quickly, the prices have made many OG crypto lovers and
USERS happy but now networks are bogged down to nearly unusable at peak times. Unless you're willing to spend more and more money... people have warned about the scaling issue for years and the hype bubble has now shined a light on.
I had to spend over $25 to send some bitcoin at one point...no thanks.
Rampant speculation doesn't make the VALUE of a coin go up...only real users USING it in relation to what they're willing to spend for it. 90% of new 'investors' (lawl) don't know what blockchain is.... I literally said blockchain to some new 'investor' I know from work and he thought blockchain was a different token....Like I said in my previous post where I stated a few facts about MGO, this project is very much undervalued...
See my above points. How are you understanding what the value is?... Because BTC hit so high then MGO must be worth tons too?.... You understand that without a working product and people purchasing MGO to USE it, then even the ICO price could be too high price for the value. You sound like everyone does about something they believe in.... believing in it isnt enough. I don't care to go back and read your quote but were you the one who said they have $X or whatever?... so theyve got enough money to pay for media attention? Ok, it's not false, but notice how Charles from Cardano said the news' job is to cover the news, they have never and will never pay for coverage.
ADA and MGO are two completely different assets, but Cardano is at least currently liquid, and has a standalone wallet you don't need to use MEW and struggle with gas fees just to send some ERC20's. And it's just interesting to see the different mindsets with different projects.
I don't want to insult you if you've got a better mastery of crypto than I do, but it seems like most people today came into crypto maybe late 2016 or even 2017... you wouldn't have called bitcoin undervalued even with the technology, because no one had even heard of it. Value is subjective, but as a whole we can gauge the value of things just by their utility vs the user base's willingness to pay for said utility. If there's no real market for something, you can say it's valuable as hell but as value relates to price there's no value there... maybe to you at least. I've been using cryptos and preaching about them for years, but this monster it has become....ugh. It's not the 'future' I talked about when family and friends thought I was a weirdo doing online gambling.
Without a working product, it's impossible to even truly gauge the value objectively you must have already known that.... but we can always guess based on how much we trust their promises. This applies to 99% if not every single asset today. The ones with real liquidity are bogged down to where real users won't USE them, just speculate on. The ones without working product have just that. No working product. You talk about the game store but I tried again literally 30 seconds ago to see before I post something wrong.... at least for my american s7 nothing will download. This is funny, 3 times I'm told the store works, and it happens to be my phone or just the wrong 3 random days, that the store does not in fact work. Or is it not supposed to work on s7's? I feel like there's always a reason why logical questions should just be shut down...
You believing and believing and believing a token has tremendous value doesn't make it happen. Utility does.You're making me seem like a dick now because you guys keep saying crap like "they have a game store, blah blah blah, etc etc" and then I have to say the flagship product doesn't work.
