Is this the same discussion we are having on the other thread or would your proposal be substantively different?
https://bitsharestalk.org/index.php/topic,21314.msg276990.html#msg276990
It is different.
I believe my suggestion eliminates both psychological and actual friction for every user while maintaining the referral incentives for business and users. Reducing the cost of LTM to zero seems to be a roundabout way, with extra steps and complexity of trying to achieve a similar thing while also missing the mark. It still retains the negative psychological effects of paying a higher fee to begin with, on every transfer. I suppose you could, in addition, allow registrars to set the LTM price as per the discussion at the link, I havn't fully considered it. My first thought is, what is the value of LTM if it is free, why even have it? what prevents everyone just grabbing LTM from that registrar? I would ultimately like to see some kind of market driven price for LTM but I don't know how that would work.
For this proposal, the user/app/webapp/service provider sets the referral fee for every transaction. default is 0. No extra fee is ever applied unless you're using a service that requires it.
For a user running their own wallet, transfers would not have any fee above what it costs to maintain the network. This is a psychological benefit as you're not paying a big fee and expecting something back later.
If that user is using a webwallet or some 3rd party service the fee would be determined by the business running the service, and the referral program would operate just as it does now.
I think bitshares operating as a for profit business is a turn off to other business as it adds to baseline cost.
Instead I think bitshares should operate as a non-profit neutral platform for business to make their own profit.
Collect what is necessary to pay operating cost and that is it. IMO.
Why would anyone want to develop and maintain BTS as a non-profit platform?
The one thing that BitShares is really good at is a strong incentive structure for maintaining and expanding the chain. I absolutely don't get why we would want to kill that off.
Bitcoin operates at a loss. It doesn't seem to be a detractor for business building on top of it.
In the same way, BitShares is useful, and requires BTS to use. BTS holders profit in terms of buying power by the use and proliferation of the system, they don't need an additional BTS profit to see a monetary gain. BitShares can operate at a BTS loss and BTS holders can still profit from the exchange rate/buying power.