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General Discussion / Re: Will this community be surpporting BM's "zero fee" proposal to get micropayment?
« on: February 08, 2016, 08:36:50 pm »its simple
rate limited / time share
all dex trades will be free or very cheap and memberships rewards still in effect
small players cant make trades and cancel too many times or they get locked out for short period
big players can spam network, but need to purchase big stake first
coupled with % based fees, BTS now is competitive with DAG mesh networks like IOTA and cheaper than Ethereum
Wow this is actually...a good idea!
So essentially one could make a limited number of 'free' transactions in a time period, and trades made would have a percentage based fee. (I've wanted to see a percentage based trading fee with incredibly low base fee for a while). Power users would need to buy a lot of stake to get enough free trades?
One worry is that we need to make sure we avoid blockchain bloat so that Bitshares is sustainable in the future.
We need to ensure we do not allow spamming (including the possibility of someone making 10000 accounts and using all of them to spam, essentially performing a sybil attack on the free transaction limit).
We need to ensure that the network is still generating some fees. (Percentage based trading fees is great). This is needed both for the referral program to work, and for BTS to have value.