I think we need more information on how fees effect demand.
If lowering the fee by 80% only increases demand by 1% then it is a dumb move.
If we never TRY higher fees we will never have an opportunity to see how it impacts demands.
We only need fees to be competitive with centralized exchanges.
We don't really have a great basis for measuring demand other than feedback from shareholders in countries where the fees may effect demand.
So far we've had feedback from Poland, China, Argentina and Greece that all say the minimum fee is too high. They're also not saying for them personally but in terms of adoption in their market and some like Elmato are very well placed to make that assessment. (Being someone who promotes BTS to South American customers and has a product, LimeWallet, which would benefit from the referral programme, so would presumably welcome higher fees if he thought they were sellable.)
So far I've seen no shareholders outside of Western economies (US/Western Europe) who may not even be our key demographic and historically haven't been, saying the fee is acceptable.
I'm someone who believes in very high fees for anything that's optional. So for anything resembling premium names, I say TRY way too high fees and come down. If you can't afford it you can still use BTS but just not premium names.
I think we need more information on how fees effect demand.
For fees if we can't do some form of a percentage based system easily, perhaps we can still do some market research to gather more information.
Ideas - A survey where shareholders give their location and their input on min/max fees.
- Find out which hour everyday the least transactions occur in and turn that into a 'happy hour' where fees are vastly reduced and monitor whether behaviour changes to make use of lower fees.
- Try low fees for a week then high fees and monitor difference in demand.
As I've said, if 1/10 customers will pay $0.1 but 5/10 will pay $0.05 then the cheaper fee is far profitable assuming equal running costs.
Even if the numbers we're equal , I.e 1/10 will pay $0.1 but 2/10 will pay $0.05. The cheaper option is still the winner because double the amount of customers would be up to double the demand for BTS and BitAssets, even though transaction fee income is equal.