BitShares Forum

Main => General Discussion => Topic started by: wrzkll on November 24, 2014, 03:12:13 pm

Title: Why is the .5 BTS fee set as default if one can choose lower .1 BTS when voting?
Post by: wrzkll on November 24, 2014, 03:12:13 pm

Please discuss for us noobs...

Title: Re: Why is 0.5 BTS fee set as default if one can chose lower 0.1 BTS when voting?
Post by: mint chocolate chip on November 24, 2014, 03:38:25 pm

Lowering it to .1 is not just for voting, that is the cost for any transaction.

Title: Re: Why is the .5 BTS fee set as default if one can choose lower .1 BTS when voting?
Post by: xeroc on November 24, 2014, 05:51:16 pm

As stated in another thread, the discussion is about the reasons for having 0.5BTS per tx .. the origins of the 0.5 have been to be able to pay for the servers that run the delegates ... with the 3% delution and tx fees beeing burned .. we might reopen this discussion ..

at least we should have a good reason to have the fee at .5 tx althought the min. relay fee is 0.1

Title: Re: Why is the .5 BTS fee set as default if one can choose lower .1 BTS when voting?
Post by: bytemaster on November 24, 2014, 07:54:54 pm

Because it was the first step toward upgrading the min relay fee to 0.5 as well.    It is a way to raise revenue while still allowing market makers to have a discount. 

I highly doubt people avoid transactions because of the fee.   Lowering it wouldn't increase adoption, but it would lower revenue.