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vitelabs / go-vite

Official Go implementation of the Vite protocol
https://vite.org/
GNU General Public License v3.0
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Cannot buy vite if no quota available... (to get quota...) #650

Open SkybuckFlying opened 1 year ago

SkybuckFlying commented 1 year ago

This was a bit of a strange experience:

  1. I depleted my 20 free daily quota.

  2. I wanted to buy some vite (with btc) to "stake it" for 3 days to get/mine quota.

  3. However I was not able to buy any vite because no more quota lol. So now I must wait another day to get new quota limit =D

Maybe there should be some functionality where vite can be bought with btc and then staked immediately... so that this is a special option to buy vite/quota which is always possible...

SkybuckFlying commented 1 year ago

Apperently, currently buying 134 vite/vx and staking it will produce 1 quota.

So to earn 100 quota, 136 x 100 vite must be bought, at current price of 0.00000082 btc this would roughly ammount to 296.6 euros with 1 btc being worth around 27.000 euro.

The minimum necessary to stake is 134 vite, so the minimum that would have to be bought is: 134 x 0.00000082 btc = 0.00010988

0.00010988 x 27000 euro = 2.96676 euro, about 3 bucks to produce 1 quota every 3 days...

Or 300 euros to produce 100 quota every 3 days.... hmmm...

Currently the wallet allows to perform 20 transactions per day, these also include selling/buying/transfering/cancelling/revoking etc. Such an action seems to require 1 quota or perhaps slightly more, not sure yet.

So that would be roughly 20 x 1 x 0.00000082 = 0.0000164 of "value" offered to the user for free...

So this safes the user from having to "cough up": 0.4428 euro for a first time try out or so...