I just added more, I’ve always wanted a fan base token that can be created by whoever pleases
2 Likes
What will happen if every football clubs, Basketball Club,or other clubs start issuing Fan token like Paris Saint-Germain Fan Token price. It will become useless. it is just like buying souvenirs, NFT for your clubs you fancy.
Guess what, PSG Fan Token isn’t the only one. In the issuance platform it’s just 1 of 56 sport teams already present:
- Football
- Gaming
- Fighting
- Motorsport
- Cricket
- Basketball
1 Like
No, I thought the same thing as well. This is extremely laughable. I’d love to know how easy it is to create and maintain your own crypto with this platform though. Is it a drag a drop style system whereby anybody can do it? Or does it require some coding knowledge?
2 Likes
It’s one big scam if you ask me, crypto needs to rationalise for it to be taken seriously. By taken seriously, I mean recognised as currency’s that are used for transactions, opposed to “a store of value”.
The sooner that there is some form of validating process the better, albeit that this will take away from the “decentralised” nature of the currency’s and tokens.
1 Like
I agree. The store of value thing never made any sense to me. It’s why I’m so anti-bitcoin. It’s also why you see me shilling Algorand all the time. I feel they realise the same issue, that no government will take crypto or blockchain powered central bank digital currencies seriously if it is not someway regulated and the extreme volatility be managed. They seem to treat it more like a traditional investment instrument and their target audience are certainly not retail investors.
It seems though for this level of control, it will incur some cost in reduction of decentralisation. Which is fine. You can have a self managing, decentralised blockchain, which also just so happens to be overseen by a team. Ethereum operate like this and I’ve heard people complain that this in fact makes Ethereum not fully decentralised. My response to that is that it is sensible and necessary to have a team of developers to sort of bugs, improve the services, and keep the technology moving with the times to ensure it stays relevant.
3 Likes
Experts, I’ve seen a lot of chatter on Solana. What the score?
I too noticed they have massively popped off. A quick Reddit check seems to offer nothing more than the usual: ‘omg this coin is amazing’. So I’d be interested to hear more also.
On another note, why I came to this thread was to share this. I have 0.4 ETH which popped off 200 dollars today. I said ‘ah, why not, treat yourself, take the 200.’ Check these fees when I tried to send it to my Coinbase account. Potentially more than the value I’m sending in gas fees. No choice but to hold now.
That’s a clear rip off surely ?!?!?
No wonder institutions don’t take it seriously.
0.055/0.439 = 12.5% fee?
Uau for sure you are not using the best exange for you.
Can you tell witch platform is that?
Gas prices are wild because of the NFT craze lately, it’ll come down.
This is the interface from my Ledger Nano X. I use Coinbase Pro for buying/selling.
However, the hardware and exchange do not determine the Ethereum Gas Prices (fee).
A little better this morning.
The fees shouldn’t be so high. At leat is on Zero missing.
Who is making that profit when using the nano? I was thinking using them, but not like that.
It depends what you mean by “using”.
Ethereum can be used for many many things. Higher traffic and higher demand drives the price up. The Ethereum team are aware of the high fees however and are relasing a software update hopefully in the next few months which they are calling “2.0”. This will reduce fees.
Fees are just a cost of using the network. Nobody is benefiting. Forget about $/€/£ and just think in terms of ETH. If I want my Ethereum transaction to be first in the queue, I need to sacrifice more ETH for this.
Blockchain is a protocol and crypto sits on the blockchain. Think of it like this: crypto/blockchain like email/internet. The internet costs electricity to run but we would never say “Hey who’s taking and profiting from my electricity?!?”. Similarly, the ETH blockchain requires ETH to run.
If you try send 1 or 2 eth from procoinbase, to a private wallet, you pay 0.002xxxeth, not 0.02 or 0.05. Is a big big difference. So for me someone is benefiting from that difference.
1 Like
The price you pay changes constantly. When I sent 0.5 ETH from Coinbase Pro to my wallet, it cost $2.00. As you can see now, it is far higher.
You’re welcome to think that, but it is not entirely correct. Fees are determined by network traffic.
Of course, there are network validators (‘miners’) who validate transactions for profit. These people do not set the price however.
If that is true, how we can justify the difference? 0.002xxeth vs 0.05xxxeth?
Price changes depending on traffic.
I understand that, but you see how big the difference is? Can you try and do a try at same time, using both apps, and then share the experience?