I agree with pal. In my opinion 10 cents is very high fee. I am from Poland, and for me 10 cents mean probably much more than you might think. Previously I thought about making a giveaway thread for Polish community, but with fee's so high... this doesn't make sense.
I don't agree that this is a reason why price of bitshares dropped, but eventually I think high fees will make this continue. Right now bitshares network makes a profit. And you know what?
THIS IS NOT TIME FOR A PROFIT! At the beginning of each company there is an investment process. First.. .the owner need to put some money (or time) on the table, to buy/produce some product... the profit sometime is not yet there.
Could you told me, when Facebook and Twitter started making profit? Not in the early stages... and right now bitshares is in the early stage!
We as a community are investors in bitshares. If we are truly long term investors... quick profit should not be so important to us. Right now we should focus, to provide the best experience for customers. Just like that. Fees needs to me low, very low!
Have you compared the price against the price of trading at an exchange? For most of them its 0.2% of the amount you trade.
If you trade more than .2 btc worth of something, youll be paying more trading on an exchange than in bitshares.
If you are a member of bitshares, then you pay 80% less, so if you trade more than .04 btc worth at a time you pay less than on an exchange.
This is not true.. because you are not taking into consideration, that right now there is no liquidity in bitassets exchanges. The true cost of operation " Buy 1 bitUSD and immediately sell 1 bitUSD" is far beyond acceptance.
We should vote for lower fees!