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/biz/ - Business & Finance

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8002352 No.8002352 [Reply] [Original]

Does the fact that this coin is only available in integers increase its value?

>> No.8002387

Yes

>> No.8002406

Yes. Poor fags fuck off.

>> No.8002428

what a shit concept though who is retarded enough to program such a coin

>> No.8002444

>>8002428
Why is it shit?

>> No.8002448
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8002448

>>8002428
Da Hongfei is more successful than you will ever be in five lifetimes.

>> No.8002454

you can trade it in decimals in exchanges you dumbass

>> No.8002460

Yes and no. I'm dumb about this, but I would think that since partial coins can't be transferred or anything, that also puts a ceiling on value, or at least a lot of resistance after a certain point of growth. Not everyone would be willing to buy a $200 to $1000 Neo, and even less people would be willing to buy $1000-$5000 Neo, etc.

>> No.8002491

Yes, huge amount of NEO has been lost in the void by people trying to send decimals. The supply is getting scarse.

>> No.8002519

>>8002448
You can trade it in decimals on exchanges, sure, but the fact that you can't move or get gas (I think) from 0.99 Neo around is not an advantage, especially since investing in ICOs is currently a large part of what stimulates the growth for these platforms.

>> No.8002600

>>8002491
This is great news. How can we speed up this process?

>> No.8002612

>>8002352
One of the most solid projects so far. Incredible.

>> No.8002767

>>8002352
Yeah it does increase value but not by a massive amount. GAS is divisible and that's the thing that should see much more transactions. You also have to consider that a large portion (half? less than half? more?) of NEO is held by/on exchanges and the people trading it don't worry about this indivisibility. So for them, this has no affect.

>> No.8002856

>>8002519
You can buy ICOs with GAS usually. Or at least it should become the norm.

>> No.8002929

We need to destroy as much NEO as possible.

>> No.8002987

>>8002352
It creates a variety for coins on its platform since the NEP5 token can't be used in smaller amounts. If you notice the tokens that run on NEO have supplies in the billions because of this.

>> No.8003016
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8003016

how the FUCK do we destroy more NEO? Spread incorrect information on transferring from exchange to wallet?

>> No.8003040

>>8002856
Good to know, didn't know that.

>>8002929
Destroying too much Neo won't make your investment go up in value, it will make people switch to another platform.

>> No.8003074

>>8003040
Then we destroy enough to make our investments go up in value. I want NEO to be so expensive that the queen of England sucks my dick just to see one

>> No.8003083

>>8003016
We must destroy Zion

>> No.8003167

>>8002444
It isn't

>> No.8003244

>>8002352
Maybe not yet, but it will.

>> No.8003329

>>8003083
and FUCK trinity

>> No.8003360

>>8003016
it isn't destroyed
the exchange was just keeping the decimal
the NEO supply isn't going down lol

>> No.8003383

>>8003360
So Bittrex tricks you into giving them a decimal and out of 2 NEO only one arrives in your wallet. What happened to the other NEO?

>> No.8003549

>>8003383
Basically Bittrex has one big pot of NEO and when you want to make a withdrawal you need to add 0.1 to the whole NEO for withdrawal fees, no NEO is lost as only whole numbers can be withdrawn and the rest is in the Bittrex wallet which can be sold off.

>> No.8003613

all this confusion over NEO and its decimals on exchanges is why none of you idiots are capable of making money in this market. you're all too stupid.

>> No.8003697

>>8003549
yes but many people don't do that, and instead let shittrex take a decimal out of a perfectly good NEO, which I thought resulted in what Anon says here >>8002491

>> No.8003699

>>8003549
>>8003613
>he doesn't realize Bittrex pockets all the gas generated

>> No.8003734

>>8003074

This. Let Neo be the Berkshire Hathaway of Crypto.

I want to see plebs buy certificates of divided Neo on exchanges

>> No.8003825

>>8003549
>Basically Bittrex has one big pot of NEO and when you want to make a withdrawal you need to add 0.1 to the whole NEO for withdrawal fees, no NEO is lost as only whole numbers can be withdrawn and the rest is in the Bittrex wallet which can be sold off.

the truth is more like, bittrex has NO neo and just a bunch of IOU's. When you neo its an IOU, they only buy actual NEO when you transfer it off exchange(which they charge you .025 neo to do).

This is very likely why bittrex pays no GAS and doesn't support neo airdrops, because they don't actaully have any.

>> No.8004209

>>8002460
Which increases its rarity

>> No.8004291

>>8004209
>nobody wants to buy
>this increases its rarity

Enough /biz/ for today, you guys amaze me every time