You are viewing a single comment's thread from:
RE: A Cryptoasset Index Fund on Bitshares
John, an absolute beast of a post, great! What I like most about this article, is it not only exposes an interesting index people may have yet to check out, also the story behind it and how decimal places work when issuing a coin in the Token Factory. If you create a token (UIA or Smartcoin) with too few of decimal places and it has a very high value (possible especially if also issued/set to limited supply), the lowest possible fee is dictated by how many decimals.
EXAMPLE: 0.0001 fee versus 0.00001 fee (4 versus 5 decimals)
if coin is worth $15,000
= $1.50 vs $0.15 !
Yes it is a truly interesting background. This is an excellent opportunity to show the latent potential in the bitshares platform.
Exactly, and I know there are others we are yet to discover or dive into still. And new ones coming all the while ...