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General Discussion / Re: TRADE.BTC and TRADE.LTC are up and running
« on: October 17, 2015, 10:23:26 am »
I can not create my deposit address for trade.BTC or trade.LTC.
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I think the referral system is good. I also think we should increase the fee, but we should be more clever to do it:I disagree with reducing fees for two main reasons:
1) It makes the referral program a lot less interesting if you dont expect the users you bring in to generate much of any fees. So then it will fail.
2) A big reason why the BTS price has been trending down for a year is that the supply is increasing, that is, the blockchain is operating at a loss instead of being profitable. As soon as we can demonstrate a blockchain making a profit over a reasonable period of time, even a small profit, it will attract a lot of attention. Everyone is used to inflating blockchains that hemmorhage money (through PoW or whatever), but if you change that around and are actually making a profit, then a lot of investors will want to jump on board. And helping the price break its downtrend is going to help adopting a LOT, because a major inhibitor to adoption right now is that everyone who buys in loses money and gets disillusioned.
If we could advertise ourselves as being profitable more people would join in as holders.
Would it be good to have something display the number of bitshares being burnt per day? or if we are operating at a profit or at loss? It sounds nice while we're operating at profit, but at a loss it seems it could create some psychological panic, I dunno. But showing the fees burnt per day or month would be nice I guess
I think the fee for placing/cancel of an order and transaction should be very cheap. But the fee for trade success should be more, such as 0.0005 of the liquild.
People are willing to pay when trade success, because both seller and buyer feel earn something at the moment they trade.
I think that the current market fee should be split into maker fee and taker fee. So we have order placing fee, cancel fee, maker fee and taker fee where [maker fee percentage]+[taker fee percentage] >= 0. The order placing/cancel fee should be as low as possible just to avoid spamming. To improve the liquidity, we can set the maker fee to -0.2% and taker fee to 0.2%, or maybe -0.1% and 0.2% to get some profit from trades like normal exchanges.