Main Menu

Fee Adjustments

Started by bytemaster, October 20, 2015, 03:43:34 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

chryspano

Quote from: lzr1900 on October 20, 2015, 04:09:54 PM
这么高的手续费,你自己玩去吧。
I transfer 100000bts,cost me 40 bts fee
I transfer 1 bts,cost me 40 bts fee,too.
why don't adjust by the amount

spam protection I think

santaclause102

Quote from: lzr1900 on October 20, 2015, 04:09:54 PM
这么高的手续费,你自己玩去吧。
I transfer 100000bts,cost me 40 bts fee
I transfer 1 bts,cost me 40 bts fee,too.
why don't adjust by the amount

I'd suggest percentage based fees where the increase in fees decreases exponentially (not sure i expressed that accurately but what I mean is: liniear growth of the fee first and the higher the tx volume is the less does it increase). The result would be that there would either be a limit regarding total tx fees or the fee would hardly increase the higher it gets. I m not a mathmatician :)

See the general proposal here https://bitsharestalk.org/index.php?topic=17721.0

phillyguy

Quote from: lzr1900 on October 20, 2015, 04:09:54 PM
这么高的手续费,你自己玩去吧。
I transfer 100000bts,cost me 40 bts fee
I transfer 1 bts,cost me 40 bts fee,too.
why don't adjust by the amount

"our stated targets of $0.20 per transfer"
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

wuyanren

We must have a lower fee to promote the active market, such as a 1BTS

lzr1900

#4
这么高的手续费,你自己玩去吧。
I transfer 100000bts,cost me 40 bts fee
I transfer 1 bts,cost me 40 bts fee,too.
why don't adjust by the amount

bytemaster

In other words, for the next 4 minutes life time memberships are 50% off!
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

tbone

Quote from: bytemaster on October 20, 2015, 03:43:34 PM
We have put through a proposal that will adjust the fees to keep them in line with our stated targets of $0.20 per transfer and will continue to adjust the fees to maintain this target as the price of BTS changes.

All fees will scale equally so the relative costs will be the same. 


This is welcomed news.  I think the "fees are too high" crowd was somewhat driven by fear of the fact that fees would get out of control as the price goes up. 

By the way, can you please address the market history issue in the thread linked below?  Thanks.

https://bitsharestalk.org/index.php/topic,19038.msg247717.html#msg247717

bytemaster

We have put through a proposal that will adjust the fees to keep them in line with our stated targets of $0.20 per transfer and will continue to adjust the fees to maintain this target as the price of BTS changes.

All fees will scale equally so the relative costs will be the same. 

For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.