Which exchange will be clever enough to find a way to host Pennies?

shakezula

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Quote from: r3wt on August 13, 2013, 01:04:33 AM

Quote from: muddafudda on August 13, 2013, 01:01:57 AM

Don't think cryptsy will take it due to the premine

!state = boom

What does this even mean?

As for "premine," yep, I mined $10 (1000) worth of 'em, that's what I spent on the graphics. I believe you've both had your cash outs (or two or three).

As for if they make an exchange or not, not up to me--keeping them off Cryptsy isn't a bad thing, they need to reduce their list of coins by about 75% anyway!

barwizi

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Quote from: JohnCar on August 13, 2013, 12:25:02 AM

who is the dev for Pennies?

shakezula

r3wt

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always the student, never the master.

Quote from: muddafudda on August 13, 2013, 01:01:57 AM

Don't think cryptsy will take it due to the premine

!state = boom

muddafudda

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Don't think cryptsy will take it due to the premine

JohnCar

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who is the dev for Pennies?

pbassjunk

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Quote from: r3wt on August 12, 2013, 12:38:48 PM

no option for boobies, therefore poll is invalid.

Glad someone else is as juvenile as me!

jdebunt

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as long as it's kept off cryptsy & mcxnow, i'll be happy

Entz

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I not use any kind of messenger beware of scammers

Why would they need a withdrawl fee (pennies has no txfees)?

Unless I am missing something, exchanges like Cryptsy already charge a fee in BTC when you buy or sell (That can be tweaked if they wish), only change required would be no "partial" pennies. Min buy/sell = 1.0. Should be a relatively trivial change imo.

charliec

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Quote from: ?? on ??

Quote from: SALHERO on August 12, 2013, 12:26:46 PM

sell the pennies and pay the fee once is on bitcoin.. easy way...

The problem is the transfer out of the exchange takes a fee (from the currency being withdrawn). If you are a new user and only have pennies there is not a way to take a percentage of a whole coin. The way to get it on the exchange would be to simply wave the fees entirely. But that would be charity, and the only businesses that can run on that business plan don't last.

The withdrawal fee would most likely be a flat amount (like every other currency on every exchange). If it's .05 pennies or whatever, just be smart enough as a trader to have a balance of xxx.05 or so (to minimize what you'd have to leave on the exchange or trade for another currency to withdrawal).

As I mentioned above, pennies are completely divisible on exchanges. No reason to worry about whole numbers when it's traded. (again, unless I'm totally missing something....)

r3wt

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always the student, never the master.

no option for boobies, therefore poll is invalid.

charliec

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Fractions of pennies should be doable within the exchange. It's just an internal ledger of sorts right?

Of course, deposits and withdrawals have to be in whole number amounts, but what prevents an exchange from charging their .2% (or whatever) fee on trades regardless of the number of pennies? Also, trading fractions should be fine too.

No need to modify their systems at all except for the withdrawal limitation of a whole number. Am I missing something?

SALHERO

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sell the pennies and pay the fee once is on bitcoin.. easy way...

auctioneeeeer

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Quote from: Sterling on August 12, 2013, 11:51:23 AM

Transactions could be a minimum of X pennies.

Say 100 pennies, with a 1% fee = 1 penny. It's a start anyway.

This is what I believe the launch on an exchange to be like, agreed.

Sterling

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Transactions could be a minimum of X pennies.

Say 100 pennies, with a 1% fee = 1 penny. It's a start anyway.

auctioneeeeer

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Subject says it all!

Topic: Which exchange will be clever enough to find a way to host Pennies? (Read 847 times)