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+--- Thread: [Policy Q] Is NFA for bytes allowed or will it be allowed? (/showthread.php?tid=6142884)
Is NFA for bytes allowed or will it be allowed? - Iconical - Mar 3, 2021
im looking to offer more services for users to spend bytes on and want to know the regulations for Non free accounts for bytes, and if this will ever be allowed?
RE: Is NFA for bytes allowed or will it be allowed? - Omniscient - Mar 3, 2021
Yes, that's fine I suppose.
RE: Is NFA for bytes allowed or will it be allowed? - Iconical - Mar 3, 2021
(Mar 3, 2021 07:23 PM)Omniscient Wrote: Yes, that's fine I suppose.
is there a minimum byte requirement similar to the $1?
I was gonna do 100 bytes = 1 NFA
RE: Is NFA for bytes allowed or will it be allowed? - Lrrr - Mar 3, 2021
(Mar 3, 2021 07:23 PM)Omniscient Wrote: Yes, that's fine I suppose.
This is a very interesting development......
RE: Is NFA for bytes allowed or will it be allowed? - Grim - Mar 3, 2021
(Mar 3, 2021 07:30 PM)Iconical Wrote: is there a minimum byte requirement similar to the $1?
I was gonna do 100 bytes = 1 NFA
Very cool idea to bring more uses for bytes into the marketplace š
RE: Is NFA for bytes allowed or will it be allowed? - Cooligan - Mar 4, 2021
After reading Omni's post, it's good to know for sure that this is allowed.
Also glad to see it. Should encourage the further-use of Bytes in the Marketplace.
RE: Is NFA for bytes allowed or will it be allowed? - flavoral - Mar 4, 2021
(Mar 3, 2021 07:23 PM)Omniscient Wrote: Yes, that's fine I suppose.
How will that work with the $1 minimum per account NFA rule though?
Bytes prices go up and down every day and they don't have a fixed price. Therefore they can be worth less than $1 one day and it will break the $1 rule.
RE: Is NFA for bytes allowed or will it be allowed? - Eagle 95 - Mar 4, 2021
(Mar 4, 2021 02:04 AM)flavoral Wrote: How will that work with the $1 minimum per account NFA rule though?
Bytes prices go up and down every day and they don't have a fixed price. Therefore they can be worth less than $1 one day and it will break the $1 rule.
I'd say we should have a minimum of 500 bytes. That isn't so easy to obtain and you can buy for a dollar or so.
RE: Is NFA for bytes allowed or will it be allowed? - flavoral - Mar 4, 2021
(Mar 4, 2021 04:28 AM)EagleĀ 95 Wrote: I'd say we should have a minimum of 500 bytes. That isn't so easy to obtain and you can buy for a dollar or so.
Wouldn't that make it official that bytes are a currency with fixed value tho (even if it's only for NFA) and not just a forum reward system?
Also, for example, if someone goes to buy 500 bytes for $1, why not just skip that step and use the $1 to buy the NFA, save the time to buy the bytes then buy the NFA, and saves the tx fees spent to buy the bytes.
Last December/January, we have seen the market price for bytes went down to $2/1k. Also, 2 years ago when for a short time, the price went down to about $0.1/1k.
I like the idea of allowing bytes to be used with NFA, but I don't know if it can actually be applied without having problems with it.
RE: Is NFA for bytes allowed or will it be allowed? - Eagle 95 - Mar 4, 2021
(Mar 4, 2021 09:32 AM)flavoral Wrote: Wouldn't that make it official that bytes are a currency with fixed value tho (even if it's only for NFA) and not just a forum reward system?
Also, for example, if someone goes to buy 500 bytes for $1, why not just skip that step and use the $1 to buy the NFA, save the time to buy the bytes then buy the NFA, and saves the tx fees spent to buy the bytes.
Last December/January, we have seen the market price for bytes went down to $2/1k. Also, 2 years ago when for a short time, the price went down to about $0.1/1k.
I like the idea of allowing bytes to be used with NFA, but I don't know if it can actually be applied without having problems with it.
Well, NFAs already have a minimum in dollars, maybe there should be a bytes minimum, too. Either way, nothing I said is official nor a rule. The bytes minimum might or might not be a thing. For now, it's important to be known that you can buy NFAs with bytes as Omni stated above.
RE: Is NFA for bytes allowed or will it be allowed? - Lrrr - Mar 4, 2021
(Mar 4, 2021 09:49 AM)EagleĀ 95 Wrote: Well, NFAs already have a minimum in dollars, maybe there should be a bytes minimum, too. Either way, nothing I said is official nor a rule. The bytes minimum might or might not be a thing. For now, it's important to be known that you can buy NFAs with bytes as Omni stated above.
Ok boys you know what's next.... Lrrrs NFA account shop. Come get it while it's hot š„
RE: Is NFA for bytes allowed or will it be allowed? - flavoral - Mar 4, 2021
(Mar 4, 2021 09:49 AM)EagleĀ 95 Wrote: Well, NFAs already have a minimum in dollars, maybe there should be a bytes minimum, too. Either way, nothing I said is official nor a rule. The bytes minimum might or might not be a thing. For now, it's important to be known that you can buy NFAs with bytes as Omni stated above.
Well, that's why I was asking for more information if possible on how it will work with the $1 NFA rule.
Interesting nice new integration either way.
RE: Is NFA for bytes allowed or will it be allowed? - XMR - Mar 4, 2021
(Mar 4, 2021 02:04 AM)flavoral Wrote: How will that work with the $1 minimum per account NFA rule though?
Bytes prices go up and down every day and they don't have a fixed price. Therefore they can be worth less than $1 one day and it will break the $1 rule.
I would say just have the minimum price in bytes be whatever the going market value for $1 of bytes is at the time. It's kind of similar to buying NFAs in bitcoin. Sometimes that $1 of bitcoin isn't worth $1 anymore and sometimes it's worth more.
Of course, it's up to Omni, this is just my take on it.
RE: Is NFA for bytes allowed or will it be allowed? - Omniscient - Mar 4, 2021
(Mar 4, 2021 04:28 AM)EagleĀ 95 Wrote: I'd say we should have a minimum of 500 bytes. That isn't so easy to obtain and you can buy for a dollar or so.
That.
So it's now policy. NFA can be with Bytes but a 500 byte minimum price.
RE: Is NFA for bytes allowed or will it be allowed? - Grim - Mar 5, 2021
(Mar 4, 2021 10:03 AM)Lrrr Wrote: Ok boys you know what's next.... Lrrrs NFA account shop. Come get it while it's hot š„
Fully ready to see this happen! Another great reason to use bytes and increase their value here