BitShares Forum
Main => General Discussion => Topic started by: clayop on November 14, 2015, 05:13:33 am
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If you think higher fee have much more advantage than lowering fee, let's 1.5x the current fee, say 60 BTS for transfer and 15 BTS for making orders.
Why? Because BTS price is decreasing. 60 BTS is $0.20.
Hopefully increasing fees works. But we should carefully look at market's response and people's (especially potential user's) reactions.
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This is stupid math as it is based on the premise that all market traders are idiots. In fact, increasing fee 1.5x will lower trading volume 10x, finally the system lost more. You can still try if you dont believe in this, but I can tell you it is irreversible, people wont come back when you lower the fee afterwards.
If the BTS price is going down, the reasonable thing to do is to exame the system for what is actually done wrong, even if there were thousands of theories backing it. Not to mention that every CXO should ask himself about this question 10x more, and take your financial lost as your responsibility.
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I think sarcasm is 90% lost in writing... 100% lost in translation. :(
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I think sarcasm is 90% lost in writing... 100% lost in translation. :(
Yeah, that's always bit me in the ass, but I'm amusing myself at least. ;)
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I think sarcasm is 90% lost in writing... 100% lost in translation. :(
oh sarcasm... sorry that I mistaken it as a serious thing,and forgot to bring my sense of humor.
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... the reasonable thing to do is to exame the system for what is actually done wrong
As soon as we can figure out what the system is, then we can examine it.
I have no clue what BitShares is at this point. When I first heard about it, it sounded like the greatest thing since nude pictures of Holly Peers on the internet.
Now, it kind of looks like a nude picture of Christine Lagarde, but my vision is sometimes bad ... kind of like BitShares'. ;)
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I think sarcasm is 90% lost in writing... 100% lost in translation. :(
You misunderstood me. It's not a sarcasm.
I am serious. I can create a proposal to increase fee on Monday.
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I think sarcasm is 90% lost in writing... 100% lost in translation. :(
You misunderstood me. It's not a sarcasm.
I am serious. I can create a proposal to increase fee on Monday.
Yes but you want to increase the fee to show that high fees are not the answer, which is why it's a bit sarcastic.
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I think sarcasm is 90% lost in writing... 100% lost in translation. :(
You misunderstood me. It's not a sarcasm.
I am serious. I can create a proposal to increase fee on Monday.
Yes but you want to increase the fee to show that high fees are not the answer, which is why it's a bit sarcastic.
;)
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... the reasonable thing to do is to exame the system for what is actually done wrong
As soon as we can figure out what the system is, then we can examine it.
I have no clue what BitShares is at this point. When I first heard about it, it sounded like the greatest thing since nude pictures of Holly Peers on the internet.
Now, it kind of looks like a nude picture of Christine Lagarde, but my vision is sometimes bad ... kind of like BitShares'. ;)
Whatever it will be, the most important thing is to be a simple stupid one for consumers, not an all in one giant trash.
As for me, the client performance of bts2.0 is good for me, but it is really hard to use comparing with other exchanges, like poloniex, bitoex, cryptosy etc.
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Whatever it will be, the most important thing is to be a simple stupid one for consumers, not an all in one giant trash.
As for me, the client performance of bts2.0 is good for me, but it is really hard to use comparing with other exchanges, like poloniex, bitoex, cryptosy etc.
(http://www.cityofmonticello.net/images/pages/N1079/BINGO.jpg)
Here's an excerpt from someone (I won't name them, but they're HUGE and hope they don't mind me posting this) that I respect in the cryptocurrency ecosystem ...
It's amazing how the most competitive, centralized space is the one that he [Dan] still is choosing to go after when the solutions offered by bitshares in any other market are revolutionary and not in need of improvement besides a real UI design.
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Whatever it will be, the most important thing is to be a simple stupid one for consumers, not an all in one giant trash.
As for me, the client performance of bts2.0 is good for me, but it is really hard to use comparing with other exchanges, like poloniex, bitoex, cryptosy etc.
(http://www.cityofmonticello.net/images/pages/N1079/BINGO.jpg)
Here's an excerpt from someone (I won't name them, but they're HUGE and hope they don't mind me posting this) that I respect in the cryptocurrency ecosystem ...
It's amazing how the most competitive, centralized space is the one that he [Dan] still is choosing to go after when the solutions offered by bitshares in any other market are revolutionary and not in need of improvement besides a real UI design.
My bet was on CH...but Google does not know who wrote that quote... So I think you came up with it on the fly.
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So I think you came up with it on the fly.
Nope, it was a pm.
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I created a proposal. http://cryptofresh.com/p/1.10.12 @bytemaster @bitcrab
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Whatever it will be, the most important thing is to be a simple stupid one for consumers, not an all in one giant trash.
As for me, the client performance of bts2.0 is good for me, but it is really hard to use comparing with other exchanges, like poloniex, bitoex, cryptosy etc.
(http://www.cityofmonticello.net/images/pages/N1079/BINGO.jpg)
Here's an excerpt from someone (I won't name them, but they're HUGE and hope they don't mind me posting this) that I respect in the cryptocurrency ecosystem ...
It's amazing how the most competitive, centralized space is the one that he [Dan] still is choosing to go after when the solutions offered by bitshares in any other market are revolutionary and not in need of improvement besides a real UI design.
Yeah, the UI design is everything for consumers, and it has to be real for consumers, not programmers. As for me, the killer app for a currency is making payments (just like making calls for a phone), and every works should take this as guiding princle, target use case, not any other fancy profound idea in the programmers mind. Following this idea, the killer app to realize payment should be on a phone, ios and android. You dont bring your laptop to 7-11 to buy a coke.
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do it +5% +5% +5%
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Whatever it will be, the most important thing is to be a simple stupid one for consumers, not an all in one giant trash.
As for me, the client performance of bts2.0 is good for me, but it is really hard to use comparing with other exchanges, like poloniex, bitoex, cryptosy etc.
(http://www.cityofmonticello.net/images/pages/N1079/BINGO.jpg)
Here's an excerpt from someone (I won't name them, but they're HUGE and hope they don't mind me posting this) that I respect in the cryptocurrency ecosystem ...
It's amazing how the most competitive, centralized space is the one that he [Dan] still is choosing to go after when the solutions offered by bitshares in any other market are revolutionary and not in need of improvement besides a real UI design.
The reasoning is thoughtful though. Becoming marginally successful in the exchange space prevents us from going into other markets with bottlenecks around liquidity and tight pegs, which are necessary in these other markets, such as payments. What markets did this person have in mind that would allow us to bypass these bottlenecks?