BitShares Forum

Main => Technical Support => Topic started by: jakev on April 26, 2016, 08:17:35 am

Title: Price for an asset
Post by: jakev on April 26, 2016, 08:17:35 am: Hi everyone

I was looking into creating an asset on BTS. I have a lifetime membership, but it seems like the cost of an asset is equal to 8.5 Bitcoins! On Ethereum it doesn't even come close to 1 Ether to create a token.

3 dollars vs 5,000 is a big difference.... What am I missing here?
Title: Re: Price for an asset
Post by: Musewhale on April 26, 2016, 08:19:06 am: do it :P :P :P
Title: Re: Price for an asset
Post by: xeroc on April 26, 2016, 09:59:30 am: You may miss that the price depends on the length of the symbol .. ABC is way more expensive than ABCDEFG
Title: Re: Price for an asset
Post by: yvv on April 26, 2016, 07:42:35 pm: Why short names are discouraged this way?
Title: Re: Price for an asset
Post by: xeroc on April 26, 2016, 07:57:01 pm: Quote from: yvv on April 26, 2016, 07:42:35 pm
Why short names are discouraged this way?
They are unique on a global namespace.
Title: Re: Price for an asset
Post by: Pheonike on April 27, 2016, 04:45:31 am: Quote from: yvv on April 26, 2016, 07:42:35 pm
Why short names are discouraged this way?
Because if they were, you would not be having this conversation. They would all have taken. When 2.0 first launched, someone used a bot to start squating names. He got thousands before the prices were changed to reflect the value of short names.

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Title: Re: Price for an asset
Post by: jakev on April 27, 2016, 11:11:51 am: Quote from: xeroc on April 26, 2016, 09:59:30 am
You may miss that the price depends on the length of the symbol .. ABC is way more expensive than ABCDEFG

Thanks for this. Went from over a million BTS (3 letters) all the way down to 7,338 (5 letters)! This is definitely more reasonable.