Thanks
@jakub and
@abit for the response. I think
@bitcrab is very close to being in favor.
I just wanted to confirm that we can create the following scenario with BSIP10. I understand the proposal doesn't determine fees, but I just wanted to get confirmation the modes below are possible if the committee decides:
Mode A: 1 cent per transaction to the network (no incentive for referral program or membership)
Mode B: 1% per transaction, 1 cent minimum fee (example max. $1/$10/$20), lifetime/annual members: 1 cent
Mode C: flat 20 cents per transaction, lifetime/annual members: 1 cent
In all three modes 1 cent goes to the network for each transaction so it's fair and the network doesn't care which mode anyone selects. Mode B & C adds an extra fee layer that all goes to referrals.
@abit mentioned this:
"I'd like to emphasize again that fee rates can only be set by the committee, and issuers can only choose among the fee modes.
I'm willing to implement per-asset fee rates, however it would be funded via FBA, so won't come in the soon future."
I assume issuers are dependent on the committee, but eventually issuers should have flexibility to determine fee rates. Is it too complicated to add that feature in BSIP10? Do you have a rough estimate of the cost just as an FYI? Also wouldn't it make sense as just another worker proposal instead of an FBA. I think FBAs are for income generating features.
Since it seems the committee determines the fee it would be hard to accommodate all of CNY/USD/Eur for mode B. We have to assume Mode B & C is for US/Eur Smartcoins and Mode A is for CNY Smartcoins. Privatized Smartcoins, UIA's, FBA's would get to choose any mode, but can only use the fee schedule the committee determines for now. Is that correct?