Re:Why I have zero faith in crypto venture capitalists
by theK on Sunday June 13, 2021 @02:52PM
(#27495185)
Actually on Cardano the 1ada thing is just a minimum to utxo size. Currently tx costs for pure Ada transactions are 0.187 and they will be going down significantly in the future.
Re:Why I have zero faith in crypto venture capitalists
by mech422 on Sunday June 13, 2021 @03:07PM
(#27495308)
Hmm - not sure I follow - the transfers were for more then 1 ADA, so wouldn't the utxo already be over 1 ADA? (and this was wallet to wallet, so I'd assume that would be a 'pure ada' transaction?
Anyway - glad to hear its going down. The Eth gas prices are really showing how much of a killer transaction costs can be. (On top of all the places that stopped taking Bitcoin when the xfers got so expensive)
There is also the problem of transaction volume. No coin can currently handle anything close to the number of transactions the visa network can.
Sadly, as much as I hate how its being pumped, that was one thing doge got right - cheap and fast. And for years the price was stable. This made it really nice for transfers between exchanges.