[ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees - page 15.

MyFarm

hero member

Activity: 854

Merit: 1000

Thank you for the fast response, Earlz, I appreciate it. A few more questions:

1. As this is due to an entity not updating their software, what is to stop a malicious entity in the future from purposefully using old software to create inflation? Will there be a hard fork at some point to stop the FRAC from being created out of thin air as it is now?

2. Is the 2 FRAC cap temporary?

3. If I send coin to myself but to a different address in my own wallet, do I get charged a transaction fee?

Thank you!

Battareus

hero member

Activity: 826

Merit: 501

what a frac with fee?

savale

sr. member

Activity: 378

Merit: 250

Sorry the total amount that's available in the wallet

earlz

sr. member

Activity: 439

Merit: 250

mmmmmm

Quote from: MyFarm on July 19, 2014, 02:05:00 PM

Could a dev please explain percentage fees for me?

1. I sent 5000 FRAC from Bittrex to Cryptsy here: http://cryptexplorer.com/block/000000000750992840943b4959622dd684a597cd1c137869f0a1dee087388f23

2. .002 was taken off the top by Bittrex

3. I received 4999.998 at Cryptsy

4. I see in the block that a 2 FRAC fee was generated.

My questions are:

A. Where is the 2 FRAC coming from? Does it generate it from thin air thus increasing the outstanding FRAC? It obviously didn't take it from my existing coin. If it is generated, what is to stop someone from sending coin over and over to themselves thus greatly increasing the overall supply?

B. You state .5% transaction fee. Is that capped at 2 FRAC?

Thank you.

Hello,

There is a 2 FRAC max fee, for ease of adoption from services. For the bittrex bit, this is because they have not yet updated their code to support percentage based fees. I've talked with Richie in depth about it, and last week they said they were about to deploy it, but it needed more testing. I imagine they ran into problems while testing and are having to do more work on it.

Quote from: savale on July 19, 2014, 02:43:12 PM

It seems there is still a small bug in the wallet: if you transfer your maximum amount of money it won't check the fees...
2 FRAC seems the maximum transaction fee at the moment

Define "maximum amount of money"? I'm not sure what you mean

savale

sr. member

Activity: 378

Merit: 250

It seems there is still a small bug in the wallet: if you transfer your maximum amount of money it won't check the fees...
2 FRAC seems the maximum transaction fee at the moment

MyFarm

hero member

Activity: 854

Merit: 1000

This time I sent 10000.002 here: http://cryptexplorer.com/block/000000000474d9c85830b30c80fe4f64553fedb756493368a58df9f707c752cd and received my expected amount. Once again, I see a 2 FRAC fee generated so do I ascertain correctly that there is a 2 FRAC cap and the .5% fee is created by the system and not taken from spent/sent amounts?

MyFarm

hero member

Activity: 854

Merit: 1000

Could a dev please explain percentage fees for me?

1. I sent 5000 FRAC from Bittrex to Cryptsy here: http://cryptexplorer.com/block/000000000750992840943b4959622dd684a597cd1c137869f0a1dee087388f23

2. .002 was taken off the top by Bittrex

3. I received 4999.998 at Cryptsy

4. I see in the block that a 2 FRAC fee was generated.

My questions are:

A. Where is the 2 FRAC coming from? Does it generate it from thin air thus increasing the outstanding FRAC? It obviously didn't take it from my existing coin. If it is generated, what is to stop someone from sending coin over and over to themselves thus greatly increasing the overall supply?

B. You state .5% transaction fee. Is that capped at 2 FRAC?

Thank you.

124C41

sr. member

Activity: 308

Merit: 250

EVERYTHING YOU CAN IMAGINE IS REAL