When you say "commissions" do you mean Eth Gas? Which has broadly become a term for any networks transaction fees, paid to block miner/makers and which WE don't have on our feeless, free transaction network (RC excepted, but thats not really any kind of "money", and even minnows can make it with the base allotment of RC, though most get easy RC delegations from whoever told them to come here anyway so its kind of moot)
Anyhoo, yeah, the problems enter in when you have fees to use a chains tokenizer second layer to do this sort of thing. They gotta pay the gas. Which is why these sorts of Pools help, they keep the whole thing second layer and provide giant piles of middleman money to pass around when they get some from you and send it to the other person.
A do it all app, would have to talk to every chain, figure out the disparities in transaction costs, make that work somehow, even for chains that are normally free vs those that are very expensive like core Eth or even some BTC transactions and the problems in doing all this run deep, possibly insurmountable without these middle brokers facilitating things in the ways they do.
It's all very complicated and thats why crypto ain't "facebook easy" enough yet.
Thanks for betting on me, but beyond hive, I doubt I'll be of much use. I do have a line on the tool to make all our Hive auth tools work for my site at once without much effort and allow users to come in from any of them, or even add their own custom login validators to it, but beyond that, I dunno man, I just dunno how someone will connect all the chains money and make it make sense and still be easy enough to use that you don't need a technical engineering degree with a masters in finance to use it.
yes, the fucking and evil fees.
I think this sums up the whole problem, what if a universal blockchain were invented, where all the coins could survive, something like what they do in publish0x where they give you tips with different tokens? Of course, the technical aspect that you mention is a difficulty, but I think we are not far from reaching a metaverse where you can access and easily pay with any crypto you have. It would be something like having a bridge that would be in charge of creating anonymous, single-use wallets that were intended only to carry out that operation. Of course this would require a lot of code, but a proposal for a universal blockchain that would cover all the others (hive, btc, eth, solana, bch, matic, etc.) would be interesting.
Wait, keep betting on me, I just had an idea.
Let me say it outloud and copyright the ffuckk out of it right now.
A human team would have a hard time doing this. But you know what could manage this bridge, code itself as the mother of all giant smart contracts to solve this, even creating its own crypto to be the bridge token liquidity pool that runs itself in a market it literally also generates all by itself, mines by itself, whatever, and would be feeless in the middle between everything, so that the only fees would be the ones the branched out various blockchains already had, so like using hive to BTC, you pay only whatever BTC needs to deliver it, but Hive adds nothing, ETH to BTC, it can do it directly but you're gonna have gas and lightening fees or whatever. It can do that math, middle man the liquidity and no human can "break it"
An AI could do that. That's what could do that.
So, um, let me just say right now, that was MY idea!
I wonder if I am really first to see something so obvious.
It is a good proposal, and additional, to ask the AI to make the transaction within the next 24 hours, at the time it finds the lowest % fee before the end of the requested period. Example: transfer me 5 hive when the fee is less than .3 before 24 hours. If 23 hours have passed, then increase the waiting period until the fee is less than .3 and send me a notification when that happens.
Calm down, no one is going to steal your idea, the proof that it originated is already here in this conversation =)
THE PROOF IS IN THE CHAIN BABEE!
After we tell the AI the intention is always to make and or save the most money for our transferer and receivers, but with a time constraint of less than 24 hours, it will make that happen. It would be part of its training as well, when users tell it their level of satisfaction with the transfer during their chat with it to do the things.
This all sounds very sci-fi, but if I showed you my logs just of talking to ChatGPT while building the code for HiveStreams, well, its insane how sane it is. And how it learns and remembers the rules you teach it, and the data you give it. We all knew this, but I am starting to see the ways it could be used to make things way outside its normal box. Like the mother of all blockchains.