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Offline ripplexiaoshan

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The fees to create new asset is increasing?
« on: July 19, 2014, 07:56:37 PM »

A few minutes ago, creating an asset cost me 100BTSX, now it's 246BTSX,  why is that and what's the rule?

BTW, it seems that I can not create any asset, so it's not like Bitshares ME?
Thanks
« Last Edit: July 19, 2014, 08:03:54 PM by ripplexiaoshan »
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Offline bytemaster

Re: The fees to increase new asset is increasing?
« Reply #1 on: July 19, 2014, 08:04:10 PM »
A few minutes ago, creating an asset cost me 100BTSX, now it's 246BTSX,  why is that and what's the rule?

BTW, it seems that I can not create any asset, so it's not like Bitshares ME?
Thanks

Fees to create an asset is proportional to transaction fees paid.  Transaction volume is increasing so fees are going up. 

What asset can you not create?
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline ripplexiaoshan

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Re: The fees to create new asset is increasing?
« Reply #2 on: July 19, 2014, 08:37:00 PM »
I tried a few names, none of them works. The error information is:
RPC Server Error: In method 'wallet_asset_create': Assert Exception (10)
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Offline bytemaster

Re: The fees to create new asset is increasing?
« Reply #3 on: July 19, 2014, 08:42:35 PM »
I tried a few names, none of them works. The error information is:
RPC Server Error: In method 'wallet_asset_create': Assert Exception (10)

Send me a PM with the assets you wanted to create and I will look into it.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline speedy

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Re: The fees to create new asset is increasing?
« Reply #4 on: July 19, 2014, 08:55:45 PM »
Are we able to create to create new asset types on the fly now? I though there were a fixed set of them.

Offline ripplexiaoshan

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Re: The fees to create new asset is increasing?
« Reply #5 on: July 19, 2014, 09:14:27 PM »
Are we able to create to create new asset types on the fly now? I though there were a fixed set of them.
I think we can, if you go to directory-assets, you can see quite a few assets with strange names...
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Offline speedy

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Re: The fees to create new asset is increasing?
« Reply #6 on: July 19, 2014, 09:30:09 PM »
Ok Im compiling the client now (first time in ages) - but if we can create new assets, wont that pollute the blockchain and the gui ?

I always thought that the original plan of having BitGold, BitUSD and BitBTC as the set of assets in the first chain was the most elegant plan, as they represent the three generations of money.
« Last Edit: July 19, 2014, 09:33:41 PM by trader »


Offline Simeon II

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Re: The fees to create new asset is increasing?
« Reply #8 on: July 20, 2014, 12:34:54 AM »
I paid 2,341 to register LTBc - Is that high?  I really have no idea how to even value my holdings of Bitshares lol.

I offered you an easy solution- trade me all your BTSX at 1:1 for LTB coins. I will pay your 2,341 LTB reg. fee.



Offline jae208

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Re: The fees to create new asset is increasing?
« Reply #11 on: July 20, 2014, 03:06:16 AM »
wait so is Bitshares me the asset creation portion?

is the only way to make money with the assets via shorts?



wasn't Bitshares me suppose to be for people to offer an ipo in their entrepreneurial venture or something?
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Offline jae208

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Re: The fees to create new asset is increasing?
« Reply #13 on: July 20, 2014, 03:17:54 AM »
Right, I guess I just don't understand the economic aspect of it. Ok so by creating an asset what is in it for you and how do you make money as the issuer of the asset?

I notice that someone created the LOVE asset. lol
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Offline AdamBLevine

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Re: The fees to create new asset is increasing?
« Reply #14 on: July 20, 2014, 03:20:28 AM »
Right, I guess I just don't understand the economic aspect of it. Ok so by creating an asset what is in it for you and how do you make money as the issuer of the asset.

Once you have a token, it can be traded (in theory) and can be made valuable by the person creating it.  Like our LTBcoin rewards program, which you can read about at http://ltbcoin.com

 

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