Please give me an example of an existing system where you can move a large amount of money on pay-as-you-go basis without paying substantial transfer fees.
And please include:
- cost of covering the price volatility risk (so for bitcoin transfers add the cost of hedging volatility and converting from and to fiat)
- cost of maintaining a bank account (so for legacy systems add the monthly cost of keeping a business account with a bank)

The problem is that you don't transfer money in bitshares, you transfer tokens which represent money. To buy a bitcoin with fiat on bitshares you need:

- deposit fiat to gateway -> pay fee
- send fiat IOU to bitshares wallet ->  pay fee
- exchange fiat IOU for BTC IOU -> pay fee
- withdraw BTC IOU into gateway -> pay fee
- send BTC to bitcoin wallet -> pay fee

These fees add up. Ideally, it would be good if all transactions on blockchain were dirt cheap, but how do we motivate people to run witness nodes then? Is there any other way than paying them BTS?

What fee are we talking about here? Trading fee or transfer fee?

Quote from: xeroc on January 17, 2016, 07:02:42 pm

Proposal from @clayop:

Anyway I want to listen your opinions on lowering order creation fee and charging fees on MPAs

My comments:
I think it makes a lot of sense .. keep the constant fee to prevent spam and get fee from filles orders as percentage ..
Then .. after maker we have the option to redirect a percentage of those profits to those that provide liqudity ..
And the percentage could be kept below that of other exchanges .. new selling point wouls then be .. cheapest exchange .. and safest .. and decentralized
Could be good for liquidity ..

@monsterer: would that be fine foe you?

In order to decentralise metaexchange on the bitshares chain, I would need 0 fees (except for order fill). That's the only real way, otherwise I would have to pay all the transaction fees from metaexchange's profits, which could be exploited quite easily.

If you don't want to pay anti-spam fee from your profit, you have to provide some other anti-spam solution.

Quote from: karnal on January 17, 2016, 10:32:39 am

Quote from: monsterer on January 17, 2016, 10:16:41 am

Quote from: Thom on January 16, 2016, 06:52:17 pm

Why is BitShares not ready to offer protection against Mt. Gox / account hacking right now? Isn't it only a matter of educating admins (such as those for metaX, Blktrades & ccedk) on how to use the hierarchical account structure, i.e. multisig? Or are there still bugs in the GUI render that crippled?

The only way to be completely free of counterparty risk is to use pegged assets; that's where bitshares real strength lies.

make bitDOGE bitDASH bitETH bitLTC bitNNN available tomorrow!

Exchanges won't be creating any bitassets because of the amount of collateral required, specially when they can just create an UIA. It would be the best option but they won't do it.

If exchange issues UIA, it would need to make market for it. Issuing MPA instead is not a bad option for exchange. Yes, exchange would have to keep BTS collateral, but no trust would be involved in the process.

If BTS had fiat on-ramps, I would spend $10,000 of my own money right now to buy ads proclaiming BitShares to be Bitcoin's successor. Without fiat on-ramps, the whole thing is irrelevant because we are stuck in Bitcoin's inferno.

  And they have to be everywhere, in every country, such that people can cash in/out in local currency through local payment systems.

Charging percentage based fees just links us back to legacy finance...  There is no advantage in crypto if it is going to cost me $1000 to buy $100,000 of something whether I use cash or crypto.

Set 1% fee with $1 maximum. This will encourage large transactions (more than $100) and discourage smaller transactions, but not hard enough to prohibit shopping in a dollar store.

Minimum, like $0.001, will also be required to prevent spam.

Quote from: yvv on January 11, 2016, 08:16:22 pm

Quote from: az on January 11, 2016, 07:52:55 pm

Quote from: az on January 11, 2016, 07:50:28 pm

Quote from: yvv on January 11, 2016, 07:27:50 pm

Quote from: az on January 11, 2016, 07:12:13 pm

Это общие понятия. А гайды по самой процедуре выпуска? Настройкам, технологии выпуска "от и до" (интересуют активы с залогом) Там просто все очень невнятно описано. Может кто-то выпускал подробный "мануал" по этой теме? Наверное на английском. Какие-то форумы?

Кликаешь закладочку "Trade", далее "Borrow USD", далее всё предельно просто.

Очень полезная инфа...хах. Спасибо. Там куча клоунов выпускает Газпром да Брикс, с непонятными параметрами и количеством эмиссии. Хочется разобраться, почитать)

Еще раз прочитал ваш коммент - вообще ничего не понял. Вы это к чему?

Что конкретно непонятно? Как под залог занять фантиков, или как создать их?

Да, как создать? Где вы "про занять" - то увидели? Пипец! Впервые такое...хах Вопрос перечитайте.

Account -> Assets -> Create Asset

И не надо так нервничать.

П.С. В верхнем правом углу в openlegder есть кнока Help. Читай.

Это общие понятия. А гайды по самой процедуре выпуска? Настройкам, технологии выпуска "от и до" (интересуют активы с залогом) Там просто все очень невнятно описано. Может кто-то выпускал подробный "мануал" по этой теме? Наверное на английском. Какие-то форумы?

Кликаешь закладочку "Trade", далее "Borrow USD", далее всё предельно просто.