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.
Enough fees to turn a profit is the savior of BTS.
The fees for subscribers being 2 cents instead of .5 cent is not going to significantly impact our adoption.
The reason the price dropped is beacuse a bunch of peopel who had bought BTS prior to release but dont actually care about it long term all dumped it. That had nothing at all to do with what the fee is.
I strongly encourage everyone to vote against lowering the fee.
Disagree with you
1. I do not oppose referral program, but there is no conflict between referral program and low
transfer fee, I don`t understand why transfer is higher than exchange fee ,
also there are different fee ( transfer fee, exchange ), is it reasonable , why transfer is 20BTS but exchang fee is any 5bts. and I think transfer should been lower than exchange fee
about fee I have some thinking
transfer fee : transfer is an equal in value of input and output , it is also a basic service supply by bts network , so it should pay the lowest fee
exchange fee : exchange is not an equal in value of input and output , people exchange would lost/get profit. in other words ,the purpose of exchange is to get profit, so most of them ignore the fee, because they can get hundreds of times profit than fee ,if they buy/sell at right price . in other , exchange is a higher service than transfer, I think, so the fee is higher than transfer fee is reasonable
borrow/close fee : because it is leverage trading, people would lost/get more profit , so the fee should higher than exchange fee
so I think the fee should transfer fee <exchange fee<borrow/close fee
bond exchange would charge higher fee , it can support referral program.
2. the big reason why price has been trending down for a year is not the supply increasing , people can accept supply increasing but cannot accept supply increasing unreasonably , eg, Max supply change , the biggest harm is Max supply from 2B to 3.7B, it is old thing but now we restart now.
the reason of price trending is not the sell of increased bts , it is influence of supply increasing . also the bad thing is not higher fee , it is influence of high fee .
I believe bts is a system that can get profit in furniture, I don`t think bts make profit now is a good thing, a successful business cannot get profit when it most but have profit perspective.
if bts charge high fee ,it would block people join bts.