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General Discussion / Re: Fees are a real problem for the DEX
« on: January 17, 2016, 06:25:32 pm »Basically I agree with this idea.Something similar to bitmessage ..
But how would BTS ever be profitable then? We end up having a token that you can only use as collateral and has no other benefits .. am i missing something?
IMHO, being able to trade on a decentralized exchange is worth a small fee for transfers/orders etc .. but I can understand the issue people are having with it
charge UIA creation , etc for a higher fee .
one sale of UIA beats fee from 1000 traders .
The system needs fees. If the fees don't come from users, then it should come from the business partners.
Instead of increasing UIA creation fee, I'd rather like to add some kind of fees for using the UIA if possible. For example, an issuer pay 10000 BTS in advance, so the users can make transfers of that UIA for free for a month or so.
//Edit:
Business partners want their users to have better experience of their product, but it's not free, they need to pay for it. Imo it's a win-win.
I agree with this too. 5000 BTS is too cheap for having the most powerful blockchain-based asset in the world. IMHO 20k~30k BTS for long name asset would be better.
how will this change the charged fees from the users?
maybe we can split it. lets say on bitUSD/BTS market, if you place an order under x BTS you will charged a fee, if it is higher and stays x minutes on the DEX it will be charged nothing.
Could we charge the fee after the order is chancelled?
No. That can be another attacking vector (placing enormous amount of orders without cancelling, consuming memory).
What about lowering placing order fee to 0.5~1 BTS? Is it also problematic?