Topic: Is it so hard to make one Good coin? - page 2. (Read 515 times)
It is very difficult, as we see, when in 2015 the developers presented ETH, could they imagine that in 5 years their project would require from $ 20 to $ 150 per transaction :? I think that no, they did not know it. Of course, because of these situations, many projects have appeared that solve this problem. It might be a good decision to create a single project with low commissions, but it won't. This is a lot of money and everyone wants to take over this market.
If you are going to transfer or withdraw just a small funds, better keep it for a while. For now, it is not recommended to to do small transactions because of too high transaction fees. Especially the coin/s you are going to transfer is those coins who uses the major coins' blockchain. It is good if you are just in only one big exchange to avoid frequent transfer.
The issue here is the transactions fee, you sound like all of the tokens in the market have a high transaction fee. When Ethereum is not that crowded the fee is not really that bad compared to what it is now. There are so many people that are using Ethereum which is why they need to upgrade the network like Ethereum 2.0. It's easy to create a low fee token as long as it is not crowded it wouldn't really cost that much like Bitcoin and Ethereum. Most people use XRP and you could actually use other tokens even stable coin when doing the transaction and then just convert it again to Bitcoin or Etherem when the transaction is already done. Why not use stable coin if you need a low fee transaction?
And the fact is that ethereums fee will be dropping after July as well, that's when eip1559 will take into place (hopefully) and that's where the fee structure will change and everything will go down. Even on the worst possible outcome, people will stop using ethereum too much because fees are high, and they will move to something else, and that will mean there will be less people on ethereum which will make the fees a lot cheaper anyway. So, one way or another the fees will drop on ethereum eventually.XRP being the best is a weird claim he makes as well, he could be a shill for xrp but the fact is that Ripple is still under investigation tells me otherwise, they are not the best and will never be the best with this logic, they can't compare themselves to other things by just having less fee while they lack so many things compared to other coins and also have an investigation by SEC.
isn't having multiple chain feels convenient though? I always like stablecoins that have erc20, trc20, etc version since I could just choose one that suits my need and easily switch to another blockchain if I feel the fee is too overwhelming or other reason.
these stablecoins are also usually don't want to create their own blockchain since it's gonna be complicated and such a PITA from their business perspective. not to mention that USDT erc20 version works like charm if you ever feel to use stablecoins, it's not like exchanges don't accept this version of USDT anyway.
these stablecoins are also usually don't want to create their own blockchain since it's gonna be complicated and such a PITA from their business perspective. not to mention that USDT erc20 version works like charm if you ever feel to use stablecoins, it's not like exchanges don't accept this version of USDT anyway.
The developers are always working on finding new technologies and making coins which vanish the disadvantage of other coins but still it take lot of efforts to build a perfect coin which you are talking about.See if you are willing to send small amounts of money through Bitcoin,ETH then surely your medium is wrong because fees is too high at this time and TPS is low which will send your transaction to the memepool of unconfirmed transaction unless you use RBF and create a new transaction with high fees.You can try some other altcoins in the market with less fees like Dogecoin,Ltc or XRP as you mentioned which can enable you to transfer funds at lower fees with speed.So try them instead of blaming the developing community.
There's a big changes in crypto market mate so that's normal. Indeed bitcoin price is so high right now and the same with the top altcoin in the market so you cant blame them why there's a high fee's nowadays when it comes making transactions and etc.. But anyways if you really want to avail lows fees then don't force yourself in such coin.. Indeed there's a lot of projects out there wherein has very affordable fees. So its up to you if you want make a research because its not necessary to focus in one coin remember that mate..
You need to become more familiar with the products on the market and not whine that you do not like something. Better do it yourself if you don't like something.
For fast transfers use the lightning network on the bitcoin blockchain.
For fast transfers use the lightning network on the bitcoin blockchain.
Is that so hard? So difficult?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
even if that was made, what you are asking for "one good working stable coin cheap to transfer and fast and easy to use" we will still be having this conversation in the near future when some other Investor will not be satisfy even with that. I wanted to do a transfer some time ago and using ERC20 was going to cost me $20+ and the used the TRC20 instead which I was luck the both exchange had the two and that cost me $1 for the same transaction and I must say it was fast too. I don't expect to do all this transactions for free so that in my opinion was cheap even though we could also argue it could have been cheaper than $1 but when compare to what i would have paid, it is cheap.Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
So you see, you cant get all that you want but you should use the best amongst the available and move on.
Bitcoin is meant to be a currency that can be transferred anywhere in the world regardless of rules imposed or boundaries. Satoshi prolly never thought of bitcoin's scalability which then caused this current problems we have with transactions. Then again this isn't going to be the way bitcoin works forever as Lightning Network and similar projects are aimed to fully remedy this problem.
In the coming years if they successfully developed the lightning network to its full capacity, then the long time problem of BTC transactions and speed will be fixed, and no doubt about it. There can't be no better development than that and some tech teams are also developing some advanced total security features to protect our BTC from hackers and so on so forth. In the next years to come only good things remain with BTC after its bad introduction in its first decade. Now it's time to pay them back with developments and security.
Yes it is so hard to make one good coin which has an inovation, not just a copy and paste coin like what we saw today. Bitcoin ia the first crypto, ethereum add smart contract on it, dash add privacy and insta send, xrp add fast and cheap send. Zcash add more privacy.
The difficult thing should be how to attract the new people to join in our project. Remember that people will be doing so many research to make sure they have choosen the right project. Mostly idea already taken by the old projects and the new projects just create more and more improvements to the problem that not yet fixed before. Remember create a coin is not always about bring the new technology and it's about how it can be useful for the all of holders.
So many coins didn't offer the utility usecase.
To make a good coin that has a price that exceeds the price of bitcoin or try to beat the popularity of bitcoin of course it will not be possible because to do that you have to have a lot of money and of course have to have a lot of support who want to buy your coins, unless you can make 1 a type of coin that can be used by many people with a supply of less than 10,000 coins and cheap transaction fees that will be able to beat bitcoin but that is not possible.
There are things you need to have and know in order to make good coin. One of those is the money for investment, second is the knowledge on how to do the process to make it a good coin. Third is transaction fee, it should be lesser from other so that many will use the coin.You need also to plan every move you do so that you will be successful in everything and be confident enough. 
Is that all too much to ask?
I think so, because it's really looking very hard to solve scalability issue. Eth network is at insanely high gas levels for months already and nothing happens to fix it. Or it's a very complex situation which requires lots of tests or there are people confortably making huge profit from fees that it's not interesting to solve this for now.I would like to be transacting at ethereum network right now, but it's so absurd that I had to pay 50% of the total transaction sum only in fees. I won't waste my money anymore until the gas returns to a fair price.
Is that so hard? So difficult?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
You think like a beginner. Fast blockchains have long been invented and can operate at speeds that are faster than the speeds of the world payment systems VISA and Mastercard.Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
But how is this done?
Validator nodes are located in data centers with very fast internet and we get a fast and centralized blockchain.
And we need decentralization, which requires consensus between all the nodes on the network.
If you are interested in the most realistic decentralized solution, then check out Ethereum.
Is that so hard? So difficult?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
yes to make coins trusted and safe. it takes a struggle from marketing, security and also low cost of sending coins. many new token or coin companies use platforms with very cheap coin sending costs
Yes it is so hard to make one good coin which has an inovation, not just a copy and paste coin like what we saw today. Bitcoin ia the first crypto, ethereum add smart contract on it, dash add privacy and insta send, xrp add fast and cheap send. Zcash add more privacy.
I think that back in the day when ethereum launched even the most passionate supporters did not think that ethereum will become as big and as widely adopted as it is today. But of course with wide Adoption also comes heavy network usage and this leads to the high network fees that we suffer from today. They know about the problem and are already working on a solution but that is probably not as easy as it seems.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
First of all, it's good to ask any questions. But we don't need any kind of new projects which will be used as a gatway to do transections as there are so many projects which are providing those services. Also, it's not like, crypto is only for whales as it's for all and just need to figure out the way to pay less fees for doing any transections. If anyone want to withdraw funds from any exchange, than try to figure out any top as well as popular coin/token which has the lowest price and withdrawal fee is also lower than others so that we can able to withdraw into that coin/token. After that, convert that coin/token into other desired coins like bitcoin or ethereum in top exchanges like FTX or Binance. I personally use FTX as there is no fees on any crypto withdrawal except ethereum and ethereum based tokens. Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
Is that so hard? So difficult?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
The issue here is the transactions fee, you sound like all of the tokens in the market have a high transaction fee. When Ethereum is not that crowded the fee is not really that bad compared to what it is now. There are so many people that are using Ethereum which is why they need to upgrade the network like Ethereum 2.0. It's easy to create a low fee token as long as it is not crowded it wouldn't really cost that much like Bitcoin and Ethereum. Most people use XRP and you could actually use other tokens even stable coin when doing the transaction and then just convert it again to Bitcoin or Etherem when the transaction is already done. Why not use stable coin if you need a low fee transaction?
Bitcoin now is more for traders and investors, not for daily transaction purposes like payment, etc.
When it comes to payment XRP, Litecoin and Tron are the choices I bought items from our local marketplace and I'm glad that they included these altcoins, I also use these altcoins in my gambling activity, I save few dollars from not using Bitcoin, Ethereum honestly I miss the days when all my transactions are Bitcoin and Ethereum and altcoins are just for trading, now it's the other way around.
Is that so hard? So difficult?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
Like cmon paying for 15$ value 30$ just to transfer
AT the moment XRP is number one. Its fast amd its cheap.
But really is that so difficult to make just one coin that works? The coin what is cheap and fast.
Or is the crypto only for tjose who got a lot money to Move so They dont care.
But seriously this fees are insane Now!!
And plz Can someone do the working stable coin.
Wich has just one working chain not that I have to Think If its erc20 or tron or what ever...
Can You guys create the one good working stable coin cheap to transfer and fast and easy to use
Is that all too much to ask?
We have come in a common place to talk about it, so here we are. First why are we are? The name implies that sole for bitcoin at first hand and we talk so much we can even hardly follow the numbers of topics here. Now here comes another coin, pops ip out of somewhere, and another one and then another one and the list goes on. Why? It's people's greed, it's driving men so hard that they can hardly control themselves because we are now talking of money. A coin was mase for the inconvenience of all but these hoarders are some what making taking up the chances to earn more.
Jump to: