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RE: BitShares fee schedule

in #bitshares7 years ago

Wow, this is an awesome documentation and description of each fee in the BitShares Plattform: https://raw.githubusercontent.com/BitShares-Committee/Instructions/master/usd-denominated-fees/config.py

At the current state, I do not see the urge to update the fee schedule right now. Since all fees are nominated in USD terms, no matter how much the BTS price raises, the fees for account creation, transfers etc. are locked in USD terms and stay low.

I am also not a fan of reducing the fees any further because that would limit our future spending capabilities and drain our reserve pool too fast. Remember 20% of all fees are collected in the reserve pool and used to pay for the workers and pay the witnesses. If we kill the DEX income streams with too low fees, we will kill our future growth potential as well.

Since we do not have any inflation to fund future worker proposal, the DEX is living of the fees it earns.

Anyways, there is one fee change I would welcome. That is the implementation of the 0 transaction fee scheme from steemit. I think that is a great feature and would allow us to conquer the micro transaction market too. The 0.01 USD fee for transactions could be charged on a different operation for compensation.

Best regards,

Chris4210 - BitShares Committee

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I have not looked real close to the fees over time, but @xeroc pic of fees is also what seems familiar to me, which seems to point to a conclusion the USD/BTS ratio is not functioning?