So it seems that the current Bitshares 2.0 chain that is handling all the financial aspects is beyond brilliant, the code is beautiful, the functionality is going to be amazing. The only thing that it inherently cannot handle is micropayments. Combined with the recent licensing this creates a problem for people who love the technological capabilities of bitshares but who need to have low fees in order for their applications to work. So it got me thinking. Why doesn't cryptonomex just release a second chain that is fully geared towards micropayments and allow us to build our ecosystem out of there? It would seem that the work would not double, it would merely be changing a couple files in the codebase, (one of those files being the one where people are fiddling with the "fee dials" so to speak) and the devs could go ahead and keep a large chunk of the incoming fees to maintain the engine that makes this entire system work. From there, you can create full integration of trade between the micropayments channel and the BTS channel, and even make it so that you can charge high fees on the micropayments channel. Micropayments are a huge segment of what cryptocurrency is trying to accomplish. While I'm all for shrinking the scope of a project to focus and get more actual work done, I do think it would be short sighted to not bring this area of the industry into our own as there are so many markets that could open up for these services in the coming years. Could call it MicroBTS for the currency....
Idk, what do you guys think? Idea just came to me...it could be a good way to solve this issue.
I have been working on this with a few companies in that space, most are apprehensive to do it...but I think they will come around in the future.
Met with a few of them actually, and have been working to educate them on the new 2.0 structure.