Very good idea.

I think the current 1.10.15 proposal is a good compromise. It doesn't solve all the problems, but it is a start.

Lowering the account creation fee back to 95BTS like it was originally voted by the community is a good thing.
Many (asian) people want to lower the transaction fee to <5 BTS, and the (western) crowd is against it because it hurts the referral program. Lowering it by 25% is a compromise.
Fav has encountered problems with not receiving lifetime upgrade referral fees, so we're setting the scale to 1 in an attempt to fix exactly that issue.

I agree communication could have been better.

I have voted for this proposal.

Other than that, I hope that these commitee proposals will slow down a bit in the future, it felt rushed this time. The proposal was created within an hour and was bugged. Someone from the team needs to announce these changes before hand to the community and get feedback. The thing is that not everyone can be pleased and people will ALWAYS disagree.

Here's the source of my funding script:

https://github.com/mindphlux1/bts_fill_fund

And the funding log again:

https://docs.google.com/spreadsheets/d/1_so41Ogm44a871ZVjIWyZXhQptGi7i0dNFvfeyY8gng/edit#gid=0

This is PURELY a cosmetic change.  The minimum transfer would be fee + 1 satoshi and the merchant would only see a gain of 1 satoshi.  From the user's perspective they paid the merchant $0.20, but the merchant only pocketed $0.01.  In no case can one user drain funds from another by spamming.

So it's really the user paying the fee, but it's not displayed as a fee. the merchant just gets $0.20 less in this example. Right?

From a referral program's perspective, it's still the normal user that counts, right? User is paying (hidden) fee to merchant, referral gets 80% of that hidden fee. Correct?

and dump to the poor market?
NO!!!!!

I think this can be prevented with a vested fee schedule. @bytemaster @BunkerChain Labs can you please comment on how you are going to prevent to further damage the thin BTS market by dumping 21M BTS?

What is the discount for trading for a lifetime member?

80% discount on all trading fees and 80% discount on receiving transactions.

Please specifiy if I'm correct understanding this:

The document states:

Specifically, some businesses building on top of BitShares as a payment network (rather than exchange) depend upon transfer fees to generate their revenue.   Because this is a matter of appearance, transfer fees will be adjusted to be paid by the receiver of the funds, rather than the sender.  This means merchants will see the fees (which will be much less than credit cards) but users will not.

This is a very important aspect. Does this mean that the users have free transactions now, and the registrar and referrer must essentially enroll merchants to get a decent profit, instead of just using users. The profit a wallet provider/referral makes is directly proportional to the amount of merchants enrolled.

Did I understand this correctly?

I think traders will make up 70-80% of users for bitshares.  The exchange is what gives bts value, and it needs to be tailored for traders.  There really isn't a reason for Joe sixpack to use bts just for moving money around.

Yes, there is. He can hold USD, EUR, GBP without counterparty risk and use it like paypal with compatible merchants. Those merchants save fees and thus can offer discounts. He can even refer users to his wallet provider and gets a profit cut. He can also buy GOLD or SILVER within the same wallet and store his wealth inside BTS.

It's still a long stretch, but this is where we want to be heading.

If you cut the transfer fee, none of this will happen, and BTS will remain to be suited to traders only, and not Joe sixpack. Reducing fees is always possible, raising them in the future to have a sustainble referral program for normal users is a big PR disaster, and should be avoided at all costs.

EDIT:
No transfer fee - no incentive for wallet providers to open shop, and nobody refers joe sixpack users then, and thus no merchants too since there is no userbase. No need to have a referral program then too, since the product has no users except traders. No users = NO NETWORK EFFECT!

Reduce the transfer fee if you must, but do not reduce it to 0, you kill the the merchants, the normal users and the wallet providers with that. There must be incentive to use the referral program for transfers for a functioning eco-system.