Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - bitcrab

Pages: 1 ... 101 102 103 104 105 106 107 [108] 109 110 111 112 113 114 115 ... 129
1606
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 02:40:37 pm »
1.what a transfer fee is reasonable according to cost and competetion?

below is the data of the transfer fee of the top12 cryptocoins in coinmarketcap:



some info:
1. the average transfer fee is $0.01.
2. the top3 high fee coins are MaidSafeCoin, Bitshares and Factom. however the other 2 are both coins for special functions - MaidSafe is for distributed storage and Factom is for notarization.

it is said that BM has said(not confirmed yet) in recent mumble session that in order to cover costs and prevent spam, the minimum fee should be $0.005-0.01

to calculate the cost of 1 transfer is not easy, it depend on several factors, especially the TPS, so now I just take BM's conclusion, if anyone has better result, please kindly share.

upon the above data, I give 2 areas for reasonable transfer fee on Bitshares platform for reference: the wider one: 1BTS-10BTS, the narrower one: 2BTS-5BTS.

1607
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 02:00:19 pm »
the problem is how to define fee model for each asset. how about this:
1. apply A model to BTS.
2. issuer of every other asset can select which model to apply, for
public smartcoins, committee will decide, to me it's OK that all the
public smartcoins, including BitCNY to be applied model B.

but I worry this will also cause debate in some scenarios, for example,
if I issue privatized smartcoin TUSD and apply model A. as BitUSD is
applied model B, so maybe some people will complain unfairness that TUSD
get competitive advange than BitUSD.

any thoughts?
My thoughts: This is excatly what @abit is doing in his proposal. So I
recommend you don't claim this as your idea and instead support abit's
worker proposal to get this done!

AFAIK, there are difference between this and abit's proposal, in abit's proposal, all the smartcoins, including all privatized smartcoins will be applied model B.
this difference is important, it's possible for me to support abit's proposal, but before that I need to check with him for details of the fee stucture and do modification if necessary.

and even finally a consensus be reached, we still need to determine the flat fee parameter,  and at frist step apply this to all assets, and then wait for abit to realize his proposal.

1608
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 01:45:26 pm »
I think free markets should be allowed to choose between different fee
models. But the issue is that we should not forget about the
profitability of the DAC itself. Hence, reducing the profits for the DAC
to zero is not something that will find a lot of support. Letting people
choose weather to pay a flat fee or a percentage based fee (and which
parameters) is certainly something worth considering (see BSIP#10 and
@abit's implementation, as well as his worker!!)

as I already stated, in my view, as a DAC, Bitshares' goal is not to make more network money, its task is to provide an advanced, convenient, attractive and cheap platform, meanwhile provide chance and tools for every player here to make money.

I know not everyone agree with me, but one fact is that most users are at the same time shareholders, charge more means shareholders need to pay more. so we need a balance to ensure the DAC can sustain itself and the shareholders/users are not enslaved. 

1609
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 12:19:18 pm »
6.  What if we:

a. Determine the lowest sustainable fee structure that will pay for witnesses and a reasonable amount of software development and maintenance in the long run.  This will be the network fee.  It can be in dollar/yuan terms. 

b.  Create a flexible fee structure so that certain Smartcoins (bitUSD,bitEUR), UIA's, Privatized bitAssets, FBA's can charge an additional fee to pay for marketing costs and utilize the existing referral program as is.  We can allow other Privatized bitAssets (TCNY) or Smartcoins (bitCNY) to charge no additional fee and find a way to market itself with no money and no referral program... or possibly find outside VC money for marketing somehow.

What do you guys think?
This seems like a potential way to resolve this. I think it would be beneficial for Asset owners/creators to be able adjust the fee structure for their assets in order to better cater to their customers or marketing approach.
Already thought about this.
I am ready for more developments.

this is considerable, as there are really business culture difference among different regions, in China referral program is just a trouble maker, but maybe it works in US and western europe. so as I asked before, is it possible that Bitshares become a platform that businessmen can develop their business of different types upon it with great convenience, and meanwhile without enslaving users/shareholders or disturbing each other?

to design different charging model may make sense, suppose we have 2 model for charging transfer fee:A: charge only the flat network fee. B. percent based fee, referrer can get the division accordingly.

the problem is how to define fee model for each asset. how about this:
1. apply A model to BTS.
2. issuer of every other asset can select which model to apply, for public smartcoins, committee will decide, to me it's OK that all the public smartcoins, including BitCNY to be applied model B.

but I worry this will also cause debate in some scenarios, for example, if I issue privatized smartcoin TUSD and apply model A. as BitUSD is applied model B, so maybe some people will complain unfairness that TUSD get competitive advange than BitUSD.

any thoughts?
 

1610
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 11:58:34 am »
boys, stop personal attack please, if you have too much time just give some convictive words.
There are plenty of them on these 12 pages. Could you please take the time and address them?

need not to waste time on that.

1611
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 10:17:40 am »
boys, stop personal attack please, if you have too much time just give some convictive words.

1612
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 29, 2016, 07:09:34 am »
thanks to all who read my suggestion carefully and give helpful feedback.

up to now 106 users voted, about 50% support 1 BTS or 0.1 BTS transfer fee, at least this shows that it's not wasting time to discuss this topic, there are many users/shareholders who are very unsatisfactory on current fee stucture, anyway, no need to rush, it is still needed to do some deeper review/analysis on some key topics, from my side, I'll try to dig on below topics: 

1.what a transfer fee is reasonable according to cost and competetion?

2. I am not intent to remove referral program, now I just consider to reduce the transfer fee, however currently the referral program has a tight link with the transfer fee. so we cannot ignore referral program, we need to ask below question:

if the referral program could only work with a transfer fee which is much higher than reasonable level and then actually enslave the users/shareholders, does it conform to a valid business ethical?

3. is it possible that Bitshares become a platform that businessmen can develop their business of different types upon it with great convenience, and meanwhile without enslaving users/shareholders or disturbing each other?

1613
General Discussion / Re: OBITS HODLERs, your money is in danger.
« on: January 29, 2016, 06:22:43 am »
just a heads up to all OBITS hodlers, by voting for Bitcrab, you're actively helping killing off obits / revenue based models.


1.The core idea is, as a DAC, Bitshares' goal is not to make more network money, its task is to provide an advanced, convenient and attractive and cheap platform, meanwhile provide chance and tools for every player here to make money.

2.Keeping high transfer fee and meanwhile putting much fund on refining the fee structure is the wrong way, we should move to the right way -  go back to the global lowest tranfer fee scheme.

3.The referral program does not fit Bitshares, we need to eliminate its bad effect.



let me remind you that without referral income, OL makes little profit, effectively killing OBITS purpose.

Seriously, @bitcrab who the hell are you and why should I vote for a "person" with no name, no face, or way to come get your ass when you f*ck over everything I am working on?

show your ass first please.

1614
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 28, 2016, 04:53:16 pm »
You stated your point well.

My concern with removing the incentive for the referral program, is that its just going to cause more of this "bitshares is always changing the rules" talk.  wouldn't that hurt us more than finding a solution that keeps the referral program in tact?  Abit has stated that he would accept the majority of his payment as vesting for 6 months or 1 year.

Thanks for the clear communication on this bitcrab.

thanks puppies.
if the change is greatly agreed by the community, then that's not a problem.
I plan to just reduce the transfer fee to 1 BTS, without touching others.
I have stated that I am ok to pay 3M BTS to a worker proposal, the precondition is that I believe the proposal will lead to a consequence which is satisfactory enough.

1615
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 28, 2016, 04:31:48 pm »
If you are proposing to reduce fee to the level below what a transaction actually costs, you need to compensate the difference out of your pocket. This would be a nice promotion for bitshares.

what's the exact cost of 1 transfer? can you tell me exactly?

1616
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 28, 2016, 03:57:19 pm »
I hope you do not announce it in recent days,  if you announce it today I can only reject it, no other choice.
@bitcrab
And what is the reason for you having no choice?

because I plan to propose to do the real fee reduction to 1 BTS if I get enough support from forum.
so it will be better to announce your worker proposal after I finished this issue, either fail or succeed finally.
my proposal do not cost BTS, while yours will cost a lot.

I'm sorry bitcrab, but who are you exactly?

does below answer your question?


1617
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 28, 2016, 03:29:02 pm »
If you succeed, that would be the second time you pushed your agenda through a back door.  That is terrible behavior.  You need to be stopped and removed from the committee.

This. bitcrab is using exchange funds to get people with his 'agenda' voted into the committee and is now staging to do a hostile takeover.  Not to mention that the committee was mislead by him once already, I really hope that users wake up and remove bad actors like him for the stability of the network. This is not good.

regarding the force settlement issue, I have explained clearly in this post:
https://bitsharestalk.org/index.php/topic,20397.msg263064.html#msg263064
regarding the exchnage voting issue, I also give many explanation in this thread:
https://bitsharestalk.org/index.php/topic,20920.msg270837.html#msg270837

everyone here can judge by themselves, no need another to tell them one people is good or bad.

1618
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 28, 2016, 02:48:11 pm »
I hope you do not announce it in recent days,  if you announce it today I can only reject it, no other choice.
@bitcrab
And what is the reason for you having no choice?

because I plan to propose to do the real fee reduction to 1 BTS if I get enough support from forum.
so it will be better to announce your worker proposal after I finished this issue, either fail or succeed finally.
my proposal do not cost BTS, while yours will cost a lot.

1619
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 28, 2016, 02:15:17 pm »
try to replace "$" with "BTS".

1620
General Discussion / Re: poll for the "1 BTS for transfer" proposal
« on: January 28, 2016, 02:07:06 pm »
I think the percentage-based fee solution is a sensible compromise.
We can keep low transfer fees where they are needed the most (i.e. for small transfers) and at the same time preserve the referral program in areas where it makes most sense (i.e. for bigger amounts).

We'll be announcing the actual worker proposal very soon, most probably today.

I hope you do not announce it in recent days,  if you announce it today I can only reject it, no other choice. 

Pages: 1 ... 101 102 103 104 105 106 107 [108] 109 110 111 112 113 114 115 ... 129