Hi all,
Was reading the whitepaper ( which by the way is pretty scarce and lacks a lot of technicalities ) and I came across this line :
Under 4 . Core feature > 1 . Usernames ..
The network fee for username registration is 100 LISK.
Is this serious ?
If according to this current thread, Lisk goes to the moon and reaches 1$ or above per Lisk who will afford to register their name beyond the ICO ppl?
Even better :
Under
The network fee for adding a new contact or accepting an incoming request is 1 LISK.
So basically if you're like me and have litterally hundreds of contacts here and there you're prettty much becoming a very poor guy by gaining followers or friends and adding them to you lisk account ...
What's the point ?
Oh yeah and then I came accross this :
The following is a list of fees for different types of transactions:
0.1 LISK of amount sent for a spend transaction
5 LISK for registering a second passphrase
100 LISK for registering a username
100 LISK for registering as a delegate
1 LISK to add a contact
500 LISK to register a dapp
5 LISK per member for registering a multi-signature group.
How is this sustainable ? Seems VERY expensive to me.