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Impossible to sell assets with current balance less than 1 NXT.  
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Author Topic: Impossible to sell assets with current balance less than 1 NXT.  (Read 992 times)

creemej

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Impossible to sell assets with current balance less than 1 NXT.
« on: November 01, 2014, 01:40:25 pm »

Every transaction needs at least 1 NXT as fee.
This makes it impossible to sell assets when the current balance is less than 1 NXT.
Why not, in case of a SELL order,  take the fee from the transaction result and not from the account balance.
Now, this is a locking situation and I have to look for some NXT before I can continue with the selling.
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Peter2516

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #1 on: November 01, 2014, 01:43:34 pm »


I have to look for some NXT before I can continue with the selling.

First world problems :D
Try a faucet or ask on forum for a tip.
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Zahlen

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #2 on: November 02, 2014, 02:13:05 pm »

Why not, in case of a SELL order,  take the fee from the transaction result and not from the account balance.

Because a sell order is still an instruction that's placed on the blockchain. Every node will have to process this instruction, even if it's not fulfilled. Tx fees are there to account for the processing costs, so that you can't bloat up the blockchain willy-nilly.

Might be a good idea for clients to warn about low totals, e.g. "After this transaction, you will have less than 5 NXT available. Most transactions have a 1 NXT transaction fee, if you don't have enough, you won't be able to e.g. send AMs, place orders on the asset exchange, transfer assets and aliases. Do you wish to continue?"
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creemej

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #3 on: November 04, 2014, 11:20:35 am »

You can't even cancel open buy orders, to free some NXT!!!
For me this is NOK!
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Zahlen

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #4 on: November 04, 2014, 12:15:28 pm »

creemej, if you're heading out and expecting to travel a lot, you wouldn't carry an empty wallet, or leave your gas tank empty. Why are you doing the same thing for your Nxt account?

Using any blockchain-based protocol will require tx fees. This is reality.

And if you do end up stuck outside without $, ask for help! Ask someone for change to help you get back home (and repay them later). Simply complaining isn't going to get you anywhere.
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TwinWinNerD

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #5 on: November 04, 2014, 12:28:01 pm »

If you have XCP or Maidsafecoins or MSC on your BTC wallet but no BTC in there, you also can't send/place order with those coins.

That is how blockchains work.

bitcoinpaul

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #6 on: November 04, 2014, 12:33:21 pm »

This reminds me of one thing I mentioned some months ago: Could the GUI designers please add a function into the client where the user will be warned that he cannot cancel his orders when he put all his NXT into them?
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achim

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #7 on: November 04, 2014, 12:36:35 pm »

You can't even cancel open buy orders, to free some NXT!!!
For me this is NOK!

I can understand you. But it's simply not possible to have free order placement/cancellation on a blockchain.
Imagine how someone would spam the hell out it and bloat the blockchain with millions of orders/cancellations.

Stuff like that is easier to handle on a centralized server and without a blockchain, but that's the opposite of the philosophy behind crypto currencies.
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Zahlen

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Re: Impossible to sell assets with current balance less than 1 NXT.
« Reply #8 on: November 04, 2014, 05:05:08 pm »

This reminds me of one thing I mentioned some months ago: Could the GUI designers please add a function into the client where the user will be warned that he cannot cancel his orders when he put all his NXT into them?

Chuck and I raised an issue about it on Bitbucket. No takers yet tho.
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