Guys, don´t forget the FOLDERPEPE merged folding promotion is still ongoing!...
You mean the token that costs more to multiply relist, trying to sell it, than you can sell it for?
@Helene
As usual, you show your refusal to read
the actual words people are using (as well as your female equivalent of fanboy status).
You're confusing the "cost to
transfer" and the "
cost to trade".
As usual, you show your refusal to accept the fact that you are unfamiliar with how trading on the Counterparty DEX works. Placing a sell or buy order also is just like sending any other BTC-based counterparty TX with the corresponding miners fee. Please inspect any trading pair on the DEX in Counterwallet and notice that the same Bitcoin fee button you can find when setting up a send TX in counterwallet also exists on the form where you place your buy and sell TRADING orders. The button lets you choose between "Normal Priority", "Low Priority (Cheaper)" and "Custom Fee". Before placing an order, you need to first consult the current state of mempool saturation to verify what fee in sat/byte will result in your order being confirmed within the desired time frame (same as when making a regular send TX). You choose the fee that is adequate to get your order posted on the DEX within the desired number of blocks. So according to in how much of a hurry you are, you choose the minimum amount in sat/bytes to accomplish the task. Not exactly rocket science, but apparently needed to be explained as some people are not aware of how it works.
Fun fact: an order placed on the DEX results in a Bitcoin transaction of size 257 bytes, which is smaller than a regular token sending TX (264 bytes minimum if using a single input TX). So taking that into consideration, the resulting total bitcoin fee for placing a DEX order will actually be even SMALLER than what I stated earlier about regular sending TXs. Sorry to break it to you, but cost to trade on counterparty is cheaper than cost to send a regular TX. And regarding your poor attempt at labeling me "female equivalent of fanboy" let me enlighten you: I am the official social media representative of Foldingcoin.
I'm here to watch the drama
unfold *ba-dum-tshh*
@ComputerGenie:
Fees are a motherfucker. But then again there's a reason and a purpose for it. There was a comment over on the XCP thread that's interesting:
My suggestion is to create an off-chain version of the DEX that settles periodically to reduce fees and allows for instant transactions.
I would contribute towards this.
It's very doable. Free, instant order placing can be offered by a 3rd party market maker. Signed orders are generated locally and sent to the market maker. He scans all orders, updates the order book in real time, and broadcasts only matching orders. Unmatched orders are deleted, i.e. never broadcast to the BTC network.
The market maker can charge some fees for their services, thus a business opportunity.
Outlined more in detail here :
https://counterpartytalk.org/t/instant-free-orders-on-dex-why-not/3579btw curious to know if you have FANTOKEN? They were sent to folders ages ago.
@heunland:
I think he's referring to the relisting on the DEX. Isn't there a time limit for how long things can be listed on the DEX? So, when orders aren't filled he has to relist and pay another fee. Either way, the detailed replies and explanations are appreciated.
@ComputerGenie & @heunland:
The female equivalent of fanboy would be fangirl, woudn't it? Makes sense. Now kiss and make up, let's all get along!
