just posted some questions on https://github.com/cryptonomex/graphene/issues/475
My main concern is the effect on BTS profitability and referral income. Does it mean that 80% of fees will go to the maker and 20% of fees will go to cryptonomex? Is this only for new UIAs? Will this also be for current committee issued smartcoins?
How will BTS profitability and referral income be affected?
I don`t think it is a good idea to make Market Maker as a base feather of block chain protocol level
The market maker is NOT implemented on the block chain level ..
The proposal proposes a way to PAY market makers for their liquidity!
While Market Making is not done at the blockchain level, incentivizing it is. It is a fair question of whether or not this extra feature is something we want.
You raise some good questions. Another important issue related to how such features will effect referrals and trading is how will they affect the (currently few) exchanges that trade BTS? If we don't come up with a roadmap and schedule for all these hardforks we'll see exchanges that support BitShares dry up.
I know BM is well aware of the impact that hardforks have on the maintenance overhead seen by exchanges, so this just adds more pressure to hardfork more frequently. We need to publish a policy about hardforks and publish it widely, and gauge the crypto community's response to it and adjust it accordingly.
I don't know how the rate of hardforks will change, but conceivably pressure to release features may stimulate it, plus the need for hardforks to resolve emergency issues that could arise.
The policy should be something like:
Hardforks for the purpose of releasing FBA's will not be done more frequently than N times in a P period. BitShares will incorporate all other hardforks into the periodic hardfork schedule to the extent possible. Hardforks to address emergency issues will not be bound to a schedule but will be performed as necessary, with as much advance notice to all parties as possible.