bitideas (OP)
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March 03, 2014, 11:04:58 PM Last edit: March 04, 2014, 09:33:06 PM by bitideas |
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So I decided to do an Infinitecoin giveaway in my Facebook group, 500 coins, just leave your address...
So I go to send the coins to the dozens of people who replied, and every time I go to send I get the message that I have to add a 200 Infinitecoin transaction fee.
Seems somewhat excessive...
Just sayin'
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roslinpl
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March 03, 2014, 11:43:38 PM |
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So I decided to do an Infinitecoin giveaway in my Facebook group, 500 coins, just leave your address...
So I go to send the coins to the dozens of people who replied, and every time I go to send I get the message that I have to add a 200 Infinitecoin transaction fee.
Never, ever, ever again will I buy, mine, use, or promote a shitcoin such as this. I've never called a cryto a shitcoin before, but this one goes above and beyond that qualification.
Just sayin'
Good to know hehe Sounds like shit indeed.
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PigHorseCow
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March 04, 2014, 12:20:00 AM |
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Finally people are realizing how shitty some of these coins are.
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kashish948
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March 04, 2014, 12:21:46 AM |
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200 IFC is like 0.0016 USD right now! Doesnt bitcoin have a 0.0001 btc (0.067 USD) fee for large transactions? and every coin has transaction fees!
pretty stupid what you are saying.
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BitCoinPokerBro
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March 04, 2014, 01:13:22 AM |
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200 IFC is like 0.0016 USD right now! Doesnt bitcoin have a 0.0001 btc (0.067 USD) fee for large transactions? and every coin has transaction fees!
pretty stupid what you are saying.
+1
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blade007
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March 04, 2014, 01:45:03 AM |
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Coin is almost mined out. These fees goes to the miners and for added network security. See here http://infinitecointalk.org/index.php/topic,571.msg2791.html#msg2791"-Transactions under 100 IFC will have a fee of 200 IFC transactions under 10,000 IFC will have a fee of 100 IFC. Transactions over 100KB can no longer be sent. An optional default fee of 10 IFC will be set in the client for all transactions. This can be easily changed. I encourage you to pay this fee because it will strengthen the network. You will still have the option of setting it lower or even to zero in the client GUI if you must. -Any transactions over the limit of 10kb per transaction will have a 100 IFC fee per 1kb. Transactions over 100KB can no longer be sent. " Makes sense. OP should keep up with the coins progress
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bitideas (OP)
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March 04, 2014, 02:51:27 AM |
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"-Transactions under 100 IFC will have a fee of 200 IFC transactions under 10,000 IFC will have a fee of 100 IFC.
Makes sense. OP should keep up with the coins progress
So why am I paying 200 for a transaction of 500? Shouldn't it be 100? OP (me) shouldn't have to go digging around their forum to find this out.
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blade007
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March 04, 2014, 03:49:46 AM |
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They posted this on their forum and on here. Can't help it if you missed it
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DanielVG
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I want free lunch, i'm gonna go with this guy.
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March 04, 2014, 03:53:40 AM |
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"-Transactions under 100 IFC will have a fee of 200 IFC transactions under 10,000 IFC will have a fee of 100 IFC.
Makes sense. OP should keep up with the coins progress
So why am I paying 200 for a transaction of 500? Shouldn't it be 100? OP (me) shouldn't have to go digging around their forum to find this out. yea, who does research before the invest/spend money right?
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bitideas (OP)
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March 04, 2014, 04:16:26 AM |
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"-Transactions under 100 IFC will have a fee of 200 IFC transactions under 10,000 IFC will have a fee of 100 IFC.
Makes sense. OP should keep up with the coins progress
So why am I paying 200 for a transaction of 500? Shouldn't it be 100? OP (me) shouldn't have to go digging around their forum to find this out. yea, who does research before the invest/spend money right? Which doesn't answer my question about why I'm being charged twice the transaction fee. And I'm not Merrill Lynch... I wasn't trying to sink my retirement savings into Infinitecoin, I was just trying to buy some and give it away for the good of the crypto cause! Next time I spend ten bucks on some crypto, I'll call in my CPA and a panel of advisers, and have them comb all the possible cryptocurrency forums to get the low-down on exorbitant transaction fees, I guess
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fr4nkthetank
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Now the money is free, and so the people will be
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March 04, 2014, 04:37:18 AM |
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"-Transactions under 100 IFC will have a fee of 200 IFC transactions under 10,000 IFC will have a fee of 100 IFC.
Makes sense. OP should keep up with the coins progress
So why am I paying 200 for a transaction of 500? Shouldn't it be 100? OP (me) shouldn't have to go digging around their forum to find this out. yea, who does research before the invest/spend money right? Which doesn't answer my question about why I'm being charged twice the transaction fee. And I'm not Merrill Lynch... I wasn't trying to sink my retirement savings into Infinitecoin, I was just trying to buy some and give it away for the good of the crypto cause! Next time I spend ten bucks on some crypto, I'll call in my CPA and a panel of advisers, and have them comb all the possible cryptocurrency forums to get the low-down on exorbitant transaction fees, I guess yup Hey, give em magic internet money. At least its funny, had a fair launch and isnt a scam. I BELIEVE IN MAGIC
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coinits
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011110000110110101110010
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March 04, 2014, 04:43:50 AM |
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So I decided to do an Infinitecoin giveaway in my Facebook group, 500 coins, just leave your address...
So I go to send the coins to the dozens of people who replied, and every time I go to send I get the message that I have to add a 200 Infinitecoin transaction fee.
Never, ever, ever again will I buy, mine, use, or promote a shitcoin such as this. I've never called a cryto a shitcoin before, but this one goes above and beyond that qualification.
Just sayin'
Troll
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Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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bitideas (OP)
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March 04, 2014, 05:36:36 AM |
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Troll
No, I'm not a troll. And I talked to somebody from Infinitecoin and they explained to me what is going on and made my peace with them. I'm a very strong enthusiast of cryptocurrency and I spend a lot of money and time working toward its advancement. I'd never seen crazier transaction fees in a coin of this value, and thought this was the place to share such thoughts. Trolls are the ones who denounce every new coin as a shitcoin, no matter what.
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jrretirement
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March 04, 2014, 06:44:12 AM |
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Troll
No, I'm not a troll. And I talked to somebody from Infinitecoin and they explained to me what is going on and made my peace with them. I'm a very strong enthusiast of cryptocurrency and I spend a lot of money and time working toward its advancement. I'd never seen crazier transaction fees in a coin of this value, and thought this was the place to share such thoughts. Trolls are the ones who denounce every new coin as a shitcoin, no matter what. Well if you are sharing "thoughts" as you say and have "made my peace with them" why have you not edited this thread? This kind of post just encourages trolls to spread FUD. Like those who were quick to join you in bashing IFC. I'm not saying you are a troll, but you have encouraged trolls. FYI: Fees are essential for IFC to survive past mine out, small transactions known as dust were clogging the IFC network this had to be stopped, how better than making it cost money to create dust! Guess what? No more dust. As the IFC price increases the fees will be adjusted accordingly, the IFC fees are still very low % wise for normal traders. It's unfortunate that your attempt to do a nice thing had resulted in the issue for you. All the best and I hope you choose to hang on to your IFC as you will regret it later if you sell them due to this!
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