Within OpenLedger you can cancel an order that has NOT yet been transacted, but a fee has already occurred.  I assumed that when I cancelled the order from the orderbook, the transaction fee would be returned.  It does not.  I think you agree, that is wrong or is a bug that needs to be fixed.

While we cannot have the fee be absolutely zero for a cancelled order because it would allow peopel to spam the blockchain, I think the total fee for a cancelled transaction should be like 0.1 BTS.

why are the fees 21bts?

any reason for that? didnt it use to be less than 1bts?

is the burning thing a new feature? so over time how can that work out if bts are being reduced?

I am really wondering right now

Yes the goal is to become profitable now, which will make BTS valuable.

Dont trade tiny amounts at a time.


If you trade a significant amount, then the 10 cent fee you pay BTS will be way way less than the .2% fee you pay an exchange to make an order.


Also, if you buy a membership then the fee is reduced by 80%.

Quote from: jsidhu on October 14, 2015, 03:25:16 pm

Quote from: kingjohal on October 14, 2015, 03:22:18 pm

The price is going up again?

350k coins reduced today via fees burned..

Is this good or bad? ....doesnt that mean fees are kind of high?

Burning bts to make a profit for holders is the entire purpose of BTS.  The more BTS burned the better, it reduces sell pressure.

Why they don't show the wallets to public?

They should, but 2.0 is new so perhaps they havent figured it all out yet.
I think its a bit too early to call foul on this.

But they should show balance fairly soon.

You are not factoring the loan's and shorts. They would account for the differences. That's why ppl don't like showing their books, you get quick to judge ppl screaming from making the wrong conclusions.

No they wouldnt.

But polo has plenty more bts in wallets they arent showing us yet.

They have way more than 12M bts.

Poloniex has way more than 12M on the exchange.

Give them some time to sort 2.0 out.