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Yep. Starspirit you are right, BTS will need other income sources. There are ideas in the pipeline, but they all depend on winning the bitasset network effect first.
Quote from: matt608 on November 24, 2014, 07:13:00 pmWhat kind of volume do we need on bitassets for burnt fees to become a significant deflationary force? I had a look on the wiki and couldn't find what the actual fee rate is per transaction. Are fees 100% burned all the time now (I forgot...)? How much in fees would $1m daily volume in bitUSD generate?It isn't the size of the orders, but the number of orders that matters as well as the "overlap" in orders.Overlap is paid as yield on BitAssets. So only orders that deal in BTS count. I would look at it as TRX per SECOND on a global level. If we get to 2 TRX per second then that is 1 BTS per second or about $100K per day in transaction fees which would more than offset any dilution.
What kind of volume do we need on bitassets for burnt fees to become a significant deflationary force? I had a look on the wiki and couldn't find what the actual fee rate is per transaction. Are fees 100% burned all the time now (I forgot...)? How much in fees would $1m daily volume in bitUSD generate?