Hello friends, today I was introduced to the amazing community of coin Dash.
I asked their forum the next question:
I saw in my ledger wallet that the fee is 0.02$ per transaction sometimes more 0.04$.
what happened with bitcoin is when the price raised up the fees raised up as well because
0.001 btc is much more in USD now (10$++)
my question about dash is
if dash will get a 100B market cap (now it's 7-8B market cap)
does the fees will be increased X10 as well? like the thing that happened with BITCOIN?
or the fees are planned to be low ? how does the fees system work?
I mean if Dash will go to 100k per 1 Dash, I will pay 4 USD per transaction? (0.04(cents)X100).
so they answered me the following answer:
Minimum fee to send recently transferred coins is currently 0.00001 Dash/kB.....
and Typical transaction is less than 0.5 kB.
so the fees in Dash are very low!
and this is the part of the answer when I knew that Dash is going to be something Big!
There is also a proposal about commitment to lower the fees in the future if the price of Dash rises: https://www.dashcentral.org/p/should_we_lower_the_transaction_fee
For those who do not know, Dash is a currency with internal autonomy (DAO).
Anyone who has over 1000 dash in his wallet can point to decisions that touch a Dash and also cause their implementation.
In the above link, a suggestion was made to make the commissions at Dash even lower because the value of the currency has risen so much.
The beautiful thing about Dash is that the person who keeps the 1000 dash in his wallet wants people to buy the coin and therefore will probably vote for low fees!
In order to make an offer for improvement you have to pay 5 dash !! see link.
The beautiful thing about Dash is that he works on both psychology and technology
Because the more you hold a dash, the better you want the coin will be and you want that more people will use it! So you as a Master Node will offer good suggestions for improvement!
(MASTER NODE = 1000 DASH OR MORE IN WALLET)
@amiramnoam
Bitcoin is dying and its dragging the entire market down with it. The markets are literally joined at the hip with BTC, and when BTC falls because people have realized how slow and unreliable it is, the larger market ( the new money, people who have been in the game for less than 5 months) panics as they believe that bitcoin IS the market, and if bitcoin fails, then everything else does. This is part of the issue when people like Warren Buffett go on record saying that "Bitcoin is a bubble and will burst" That part is true, for the most part, not many people are willing to pay $36 for a transaction, especially one that takes an hour or more to confirm, and even more so when the developers make little attempt to fix the BTC network -
But when everyday people hear things like this is causes a massive amount of irrational fear...coupled with news from South Korea which was false, as well as news from traditional outlets that claim the market and Bitcoin are constantly dying. We risk going into a free fall in prices within the next few weeks if people don't stop spreading false information. The market dropped by 30% just on false news and an assumption that Korea MIGHT POSSIBLY COULD BE MAYBE be banned from the markets. What would happen if over a 3 day period Fox News and CNN falsely reported that "Bitcoin" was going to be banned in the US, without any proper sources to back it up? The market would implode all based on a rumour. This is why its VERY important to not follow false channels, or people looking to hype coins, its causing the market to expand in a direction that it shouldnt be going, which is the hype, pump, dump and the market is burning scenarios. This has a lasting effect on the human mind, and we'll pay for it eventually.
Agreed! Also, if you look back BTC has had this correction almost to the day for years straight. I think it may be more severe this time as you pointed out the last few months we have got a ton of new people into the crypto space that did not truly understand the market or the technology and they will be the first to panic sell. I think we will see a bounce back in the next few days. But as always only time will truly tell. HODL tight fellow steemers!!
who will new comers know what is fake news?
Do not believe what you read or hear from one forum. Do your due diligence and do your research. I looked at the one thing you can trust and that is prior history. I look for patterns. Take a look at my last post and see for yourself.
maybe you right, but lighting network is upcoming..
Your spam commenting.
Spamming the same comment isn't going to take you anywhere, be careful:
https://steemit.com/@lokesh31/comments
It s really strange , I have seen multiple Accounts spamming the same Comment , not sure what hey try to do .
וואלה, זה די גאוני!
מגניב שהם חשבו על שיטה כזו, אני רק באמת מקווה שהם ישפרו את העניין עם העמלה, אם כי עם המצב הכללי בשוק כרגע אין מה לדאוג מהעמלה בזמן הקרוב :/ יותר מהשער.
זה הלוגו שעיצבו לך בעבר שאמרת לי עליו? הוא ממש חמוד :) או שזה משהו חדש?
זה חבר שעיצב לי בנתיים
I have been following DASH for quite a while and I think it should be way more popular than it is right now. If I trade any cryptos into FIAT, I always buy dash to make the final exchange, because it has low fees compared to bitcoin.
I don't really see a lot of people talking about DASH, but it's doing really great and I don't get why it's not too popular yet.
indeed
every thing will be ok..just keep calm...
im so clam :)
Its the best time in months to invest in dash!
Yes, willing to invest into some dash coins. Though the market can be so tricky to a newbie like me, your post is a good way to start.
The market value of coins is directly proportional to bitcoin. if the bitcoin is dead, they will die with the coins.
Bitcoin's immortal.
All the best. keep it up.
Crypto deposits up to 2 BTC can be deposited and withdrawn without any authentication on the system.
The site is currently one of the top 10 trade exchanges in the world with a trading volume of $ 1 billion per day.
Binance also comes to the forefront as one of the world's most subcontracted stock exchanges. These features are dazzling as an alternative investment these days when the dash bitcoin is depreciating.
I have been following DASH for a long time and I figure it ought to be far more prevalent than it is at this moment. On the off chance that I exchange any cryptos into FIAT, I generally purchase dash to make the last trade, since it has low expenses contrasted with bitcoin.
dash not a low quality coin think its supply and market capture problem thats'y now it something dwon but i hope very soon it will be back....
Dash deserves more media attention.
Why did bitcoin fees went so high? Wasn't the whole purpose of crypto to avoid transaction fees which exist in fiat currencies? 🤔
the core team is working on it.
I think there will be huge feed
Everything will be fine, it will be much better on the stars, keep calm
thanks, your post! have a nice day.
Great insightful post Noam. Truely believe in the DASH story from day one. Hence had invested since it was 100 usd and have been holding it since since. Its going to be true digital cash for sure in the longer run. Regards Nainaz.
#theealliance
Thank you, I had known about dash having master nodes, but did not know what they were.
I actually read about the MASTER NODE thing of Dash yesterday. It's really interesting and it's something different for sure. I might invest thanks to the low price atm.
You should really check out Raiblock. it has it own blockchain and as someone who tried it I can tell you that transactions take 5seconds or less. and it has no fees at all!
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If the capacity is not an issue the fees will be low. It depends heavily on the architecture of the coin. But you see this only if the coin is under heavy fire. No one can predict this. Bitcoin would be better as well if someone would implement a solution, which is outstanding for a long time. :-(
they implemented segwitx2 to cut the fees and time transaction, I personally like dash it has a great potential even if it is not securitized enough.
SNGLS need to sort their fees out big time. Something like 42 just to move it off binance and into MEW. Fine if you bought a few thousand, but not for people having a little poke.
I would assume most platforms would be sensible enough to be able to drop them by a couple of orders of magnitude similar to what ARK are proposing for both voting and transaction costs.