I brought up the vesting issue a few months back and no one - not a
single person - could explain why vesting is necessary when it comes
to LTM referral payouts. So I will continue to maintain that there is
ZERO reason for such vesting and it should be removed immediately.
I thought there was one given by Daniel in one of the hangouts, but I
may be wrong. I can't see any reason just now.
Also, why is there any reason for the network to collect a portion of
the LTM fee? Think about it. If a user pays for LTM, the referrer gets
no piece of the transaction fees going forward. So the referrer NEEDS
to collect the LTM fee. But the network gets paid for transactions
regardless. So the network doesn't have the same need to get a cut of
the LTM, perhaps just a minimal fee to prevent spam.
The network (read: shareholders) collect fees on EVERY SINGLE operation
that is stored on the blockchain and unless you won't like to see a DAC
be profitable, you shouldn't remove that.
If we a) cut the network out of the LTM fee and b) remove vesting, it
would allow business who don't want their users to pay anything for
lower fees to return 100% of the LTM fee back to their users
immediately. Whereas business that rely on referrals can let their
users pay the LTM fee, which would then go to their referrers.
The split between referral program and network is 80/20 independent of
the operation. Changing that is a) a lot of work and b) gives even more
degrees of freedom to figure out a useful fee schedule.
If we then combine these modifications with a percentage-based
transaction fee having the lowest possible minimum (i.e. $.005 spam
prevention), we should be able to satisfy all parties. We would still
need to debate the % fee (.1%?) and the upper limit ($.10-.20?), but
that should be pretty easy relative to the debate that has been raging
these last couple days. Thoughts?
Since BSIP#10 cannot be applied to STEALTH, I see that at least
@onceuponatime will have issues with that (or increase the fee to
something way beyond 3x transfer fee, which would be fine for me)