Nemo1985
Member
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Activity: 107
Merit: 10
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August 14, 2017, 03:08:45 AM |
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WTF 20% fee at your pool? are you mad? lol what a scam
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luanptit
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August 14, 2017, 03:28:12 AM |
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I just invested into this coin Any upcoming news or developments? Thanks currently working on mac wallet and new website. once this account is junior member, we will update the ANN, so it looks better and then submit it to Yobit. everything going smooth right now, 24h volume on NovaExchange is over 1 btc, so people are definetly interested in Fraz. hi dev, i can make another topic Frazcoin, and we can submit Yobit soon. Are you agree?
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kurbeks
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August 14, 2017, 05:07:20 AM |
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Should wait a bit and let dev gain rank. No need to rush
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alamin99
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August 14, 2017, 05:40:08 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead?
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Anzylon
Member
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Activity: 112
Merit: 10
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August 14, 2017, 06:20:51 AM Last edit: August 14, 2017, 08:34:01 AM by Anzylon |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners die,and why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. Fraz has a long road until it reaches total supply , difficulty increase rate is not that high for the moment but that does not mean it will end fast. Transactions fee can be added/changed.
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kurbeks
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August 14, 2017, 06:27:48 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners would die? And why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. I guess you didn't understood what guy asked. Would be intrested in dev answer as well.
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adjiadjo
Legendary
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Activity: 1218
Merit: 1038
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August 14, 2017, 08:08:45 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners would die? And why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. you know this is POW coin right? miner is the one who sustained the network (right now) when POW is over (still long way to go) and no more block reward to mine , miner gonna point their equipment to other coin. he's asking some technical issue that not related with price , market , honest , roadmap and etc. to be precise he's asking what happen after pow, how we gonna sustain the network, is gonna be POS coin or what, still long way to go before POW is over , but its a good question , a little early but good.
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luanptit
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August 14, 2017, 08:24:31 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners would die? And why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. you know this is POW coin right? miner is the one who sustained the network (right now) when POW is over (still long way to go) and no more block reward to mine , miner gonna point their equipment to other coin. he's asking some technical issue that not related with price , market , honest , roadmap and etc. to be precise he's asking what happen after pow, how we gonna sustain the network, is gonna be POS coin or what, still long way to go before POW is over , but its a good question , a little early but good. Reward block will halve, and you must wait long time
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Anzylon
Member
Offline
Activity: 112
Merit: 10
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August 14, 2017, 08:41:05 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners would die? And why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. you know this is POW coin right? miner is the one who sustained the network (right now) when POW is over (still long way to go) and no more block reward to mine , miner gonna point their equipment to other coin. he's asking some technical issue that not related with price , market , honest , roadmap and etc. to be precise he's asking what happen after pow, how we gonna sustain the network, is gonna be POS coin or what, still long way to go before POW is over , but its a good question , a little early but good. since PoW halves and difficulty increases for each block mined , it will take a really long time for it to end and transaction fees can be added/changed. his approach to this project seems to be only a PoW coin with no purpose, at least this is how I understood since frazcoin is pretty new and the first thing that came in his mind when not even 20% of coins are mined is what will happen in future with miners? He probably asked for a roadmap or frazcoin's main purpose
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alamin99
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August 14, 2017, 08:52:48 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners would die? And why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. lol dude. even people thinks the death of bitcoin after mining all bitcoins. a question to you, will you mine a coin if it doesn't give you reward? I am not telling about potential, I am just asking about what will happen after mining all coins because there is no transaction fee. So, after mining 20,000,000 Fraz, there will be no reward for miners, so everyone will give up mining it and it will take infinite time to complete a transaction then.
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alamin99
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August 14, 2017, 08:54:49 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners would die? And why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. you know this is POW coin right? miner is the one who sustained the network (right now) when POW is over (still long way to go) and no more block reward to mine , miner gonna point their equipment to other coin. he's asking some technical issue that not related with price , market , honest , roadmap and etc. to be precise he's asking what happen after pow, how we gonna sustain the network, is gonna be POS coin or what, still long way to go before POW is over , but its a good question , a little early but good. since PoW halves and difficulty increases for each block mined , it will take a really long time for it to end and transaction fees can be added/changed. his approach to this project seems to be only a PoW coin with no purpose, at least this is how I understood since frazcoin is pretty new and the first thing that came in his mind when not even 20% of coins are mined is what will happen in future with miners? He probably asked for a roadmap or frazcoin's main purpose I agree, it will take huge time to mine all coins since the block halving will happen after mining every 5000 blocks. But the question is oneday all coins will be mined, then how FrazCoin will survive?
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gmerk
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August 14, 2017, 09:01:48 AM |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Don't worry, by the time POW ends the coin will be dead and buried... There are 100s of identical coins in the market now, maybe 1-2 will survive, the others are made for a quick profit.
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Anzylon
Member
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Activity: 112
Merit: 10
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August 14, 2017, 10:18:25 AM Last edit: August 14, 2017, 10:30:55 AM by Anzylon |
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What will happen after mining all coins? Then there will be no block reward. Also there isn't any transaction fee. So there will be no miner and the coin will be dead? Mhm? Can you explain me why would a coin without miners would die? And why do you put a question mark on your own statement? Fraz has a lot potential to easily 10x or even 100x the current price or even more... it is at only 1 exchange, not added into coinsmarketcap and just released few days ago. Dev is being honest with community and telling us that they have not prepared any roadmap yet but it does not mean they won't in future. lol dude. even people thinks the death of bitcoin after mining all bitcoins. a question to you, will you mine a coin if it doesn't give you reward? I am not telling about potential, I am just asking about what will happen after mining all coins because there is no transaction fee. So, after mining 20,000,000 Fraz, there will be no reward for miners, so everyone will give up mining it and it will take infinite time to complete a transaction then. Do I have to underline that transaction fee can be added to it, and if bitcoin will die why people investing million dollars to it? I am not going to argue with a 18 year old, did you ever think that fees can reach the value of block rewards which will be enough to pay miners work and keep it on the loop and survive forever? Feel free not to reply
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syrusek
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August 14, 2017, 12:05:04 PM |
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Fee doesn't work the way you think, it depends on ammount of transactions in certain block, let's say that people don't trade much right now so it's 0 because it's been set to it as a default, but if people start to trade Fraz more frequently it will create additional fee to send coins.
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luanptit
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August 14, 2017, 01:47:51 PM |
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Fee doesn't work the way you think, it depends on ammount of transactions in certain block, let's say that people don't trade much right now so it's 0 because it's been set to it as a default, but if people start to trade Fraz more frequently it will create additional fee to send coins. fee is very low, dont worried about it my friend.
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spirited (OP)
Newbie
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Activity: 28
Merit: 0
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August 14, 2017, 02:44:27 PM |
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Anzylon and syrusek answered the question, we can adjust the fee at any given time, that's not a big deal. FrazCoin is now listed on coinhills, you can check it here: https://www.coinhills.com/market/fraz/Pickaxe.online owner contacted us and all the problems are gone, we added it back to ANN.
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luckytimes
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August 14, 2017, 10:08:55 PM |
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Any upcoming news for Fraz? You guys ever considered getting it listed at Cryptopia?
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spirited (OP)
Newbie
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Activity: 28
Merit: 0
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August 14, 2017, 10:32:24 PM |
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Any upcoming news for Fraz? You guys ever considered getting it listed at Cryptopia?
yes, we will, but listing at Cryptopia is 1-1,5 BTC (keep in mind there is only 1% premine), we will try Yobit first and then other exchanges. still no reply from coinmarketcap and coincap, so we are waiting.
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spirited (OP)
Newbie
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Activity: 28
Merit: 0
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August 14, 2017, 10:49:23 PM |
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yes, 3 days ago, still nothing. same for coincap.
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