People are discussing this polo and I agree with the traders (who by the way, are one of our main target markets):
* The fee to place a trade needs to be extremely low. Just enough to prevent spam.
* The fee to cancel an order should be 0.
* The fee upon the EXECUTION of an order should be "high" (aka, current levels).
Traders want to be able to place an order but be able to move it later, and not lose to a fee. At polo or other sites I can place and remove an order for no fee at all. Our fee for this should be just enough to prevent spam, like 1 BTS or even .1 BTS.
When an order executes, the fee should be extracted then. (If it executes in pieces, its important that it is only paid one time in total).
This is what we need to get traders on board. We need the fee to mostly be paid at execution, not when placing or moving an order! Traders dont want to risk paying a fee for an order that doesnt happen.
Please consider this. I think we should do the following:
* Modify the fees as described above.
* Post something explaining the change and telling traders "we listened to your feedback and are changing things to meet your needs".
Note that I am not advocating low fees, I am simply advocating not charging people for non-executed/cancelled orders, any more than necessary to prevent spam.