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Price for an asset

Started by jakev, April 26, 2016, 08:17:35 AM

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jakev

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.

Pheonike

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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xeroc

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.

yvv

Why short names are discouraged this way?

xeroc

You may miss that the price depends on the length of the symbol .. ABC is way more expensive than ABCDEFG

Musewhale

MUSE witness:mygoodfriend     vote for me

jakev

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?