The problem is not lack of recommendations, the problem is lack of users.
lack of users is because of we never have a usable wallet.
now, seems we'll have a usable wallet, but you change the fees to such a high.
I doubt who will use such a High-End service.
I have followed many users who register by openledger, can't find even 1 transaction.
for the guys who wish higher transfer fee, I want ask you, how many transfer fees you will contribute?
Yes it seems a lot of people in Asia, South America, East Europe & Africa won't use BTS.
I would also be interested in seeing average size of transfers.
I think people used to send and receive lots of small transfers without even thinking about it. Now they might wait and make bigger transfers. So I think BTS may earn less from $0.2 fees, than from $0.05 fees and also get used less and also appeal to less potential customers...
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.
Let's remember that people in those countries don't have an access to a global payment network that they can use freely. Transfers are cheap only in the national banks / payment networks. And of course the fee will go always higher when payments are made with other than national currency.
Bitshares has several different currencies, it's fast, it has stealth transfers, anybody can open account without any bureaucracy, etc. We should concentrate on the things that make Bitshares valuable and useful and not care so much about lower fees. Customers will always want cheaper stuff, no matter what, so it's usually pointless to ask them if they do want lower fees – of course they want!
Customers don't always want cheaper stuff, because at a point it impacts perceived quality. You do however need to do research to find out what they're willing to pay.
In this case, remember all the people advising for lower fees are
shareholders not just customers. If they thought customers would pay high fees they would he happy because BTS income and adoption would go up and their BTS shares would increase in value. They are mostly approaching their fees position from a business perspective.
BM expressed some interest in Liondani's idea though which if implemented could give us some basis for measuring demand.
I don't think Liondani means the LTM membership fee is halved but rather the transfer fees are lower on that day so that they match what LTM members pay for transfers.
EXACTLY!
That would be interesting.