Irresponsible developer release of totally un-tested code f…

https://twitter.com/AttilaAros/status/1327530759062622208

I'll actually test it (beyond just compiling) soon™ and write up a blog post and update the Javascript libraries to make it easy to work with.

wat does that even mean?

https://twitter.com/AttilaAros/status/1327530759062622208

I'll actually test it (beyond just compiling) soon™ and write up a blog post and update the Javascript libraries to make it easy to work with.

Doesn’t sound super competitive fee wise

Great point! I just ran the numbers now.

Assuming BSV is worth 10x today ($2,000 USD) then the fee is about 5-10 cents per transfer at the current fee rate (0.1 sat/byte). That fee rate will go down 10-20x over next 12-24 months.

Here's one compiled with only loop(2) (up to 2 inputs to merge or 2 outputs)

https://whatsonchain.com/tx/2bf8b347787da1b22fcb09dccad5640697cc3b14fca74d22a1876181f24e5c06

It's ~5KB only in that case. I picked 20 inputs and outputs as a good "standard" so that the base contract is ~10KB (not bad trade-off for 20x more inputs/outputs).

For the reference: erc20 transfer is about $0.5, eth transfer is about $0.2. I like 20 inputs for erc20 :D

Doing a 20-way merge at current fee rate, for when BSV is worth $2,000 still costs about as much as *any* Ethereum transfer.

This is the world's cheapest permissionless FT token solution already.

So far to go still...

I think we need it around cent to attract eth people, there are a lot of utility lost compared to erc20s.

At the current BSV price it is about a cent per a typical transaction.

Even if BSV rises 10x to $2000 by then the fee rate will be 0.01 sats/byte and therefore holding at about 1 cent still.