It seems that the makers of ARK wallet and ARK blockchain are themselves undervaluing the coin.
There is a fixed transaction fee of 0.1 ARK = $0.5 as of now.
Next question is, were the Devs having a foresight of ARK hitting any real high marketcap value? Transaction fee for a coin like ARK is already too high at coinmarketcap of $400million. what would happen if it got to marketcap of LTC or ETH or XRP ??
Basically it can never get there because it is absolutely unrealistic to pay such fee.
Maybe the Devs saw an ARK max value of $1.
Secondly, i need to pay 5 ARK to get a second passphrase; something that shouldn't even cost money in a client.
I personally dont have a problem with paying something little as my way of donation but 5 ARK?!?!?!
Thats way too much on first thought if you're thinking optimistically. Even when thinking neutrally its still high.
So i began to realize that the Devs probably thought ARK should be 20 cents.
The good thing about ARK is that it is fast. But that also means that the blockchain data will grow big really fast. How long can this be sustained.
Now another question is, who are those with the full nodes?
I wonder if i can get a full node on my own. But would i even want to? It will be like a fast growing malignancy on my hard drive at the expense of speed.
ARK feels too centralized. I opened my wallet to see a top left corner messge saying v 1.5.1 is out. who has that right to determine what every wallet user sees in their wallet??
Nevertheless, i love ARK.
GhostFaceUK told me a lot about ARK and about DPOS and about how the voting works when i first expressed interest in the coin. He is the delegate i have voted for. I've leant a lot about it on my own too
I sold off a lot of my BTC for ARK.
To many of you its not much but 9000 Ghana cedis can pay my school fees for 6 years in medical school and thats about what i have put into ARK.
I hope to see more from ARK core 2.
ARK is #48 in terms of github activity on cryptomiso.com
I recommend that everyone here buy just a few GLT and keep an eye on them. They are position 7 and there is a lot going on in the chambers of GlobalToken in terms of development
By the way, i follow ARK and i love all the conferences and the meetups.
Keep up the spirit.
ARK to the moon!!!