So sorry to see everyone's complaining. Let me share my personal feeling.
Since the launch, we always have increasing fees, from 0.5 to 20, to 40, and now facing to 60 ($0.2). I think we need to see the opposite direction.
As a lower-fee advocate, I still prefer 5-10 BTS. But I don't want to destroy our growing business based on referral system. (While I still think that lower fee can bring more users and profit for referrers). In this dilemma, I had to decide to satisfy only one side with beating the other, or making a compromise.
Decreasing just 25% is obviously not satisfying to both sides. However, IMHO, it does not break this community into pieces. It maybe not a win-win solution, but better than zero-sum approach. I think it's not a final destination. We're still on the way, and if the community makes a consensus, we can move toward it.
Regarding the order creation fee, we haven't discussed yet because BM's proposal is in the pipeline. After the release, we will discuss about lowering the fee.
Thanks for your invaluable inputs and feedback. We're open to any opinions.
What was so urgent about making an immediate decision that no one likes? I definitely think the committee members could have suspended the meeting long enough to come back to the community and said "Here is what we're looking at; what do you think?" Or "There's not enough support for this proposal. What about a midway compromise instead?"
And we would have told you straight up that no, this was not a wise choice for any of the parties concerned.
Unless you think that the lower fee is now low enough that you can get some traction in your home country or in China. In which case, I say 'go for it'. You wanted the lower fees, you've got them (at least in a half-assed sort of way). The pricing structure does not work well in first world countries where we were trying to fund some marketing, so if this is what you wanted, it's now your turn to show us what you can do. Bring us some volume.
initially we drafted a proposal to decrease the transfer fee to 9 BTS, after many discuss we escape to 30 BTS. I don't think a 40->30 change will obviously hurt the referral program business.
40->30 decrease the margin, but volume and BTS price also are factors to the profits. I belive the change will contribute positive to the latter factors.
the change really does not satisfy China community, but at least they are convinced that change are possible. it may prevent the community from shrinking.
in China little people are really interested in the referral program, here alipay is free, and bank transfer is free, and traditional exchange charge lower fee.
I agree that DEX is amazing, but now what can people do here?
to buy and trade assets such as BTC? where is the liquidity?
to do international remittance? do you think it's really convenient?
we have long way to go. and should try not to hurt common users if possible.
and I think if you can succeed under 40 BTS fee, you can also succeed under 30 BTS fee.
everyone can be committee member, If you have better ideas and think it should be implemented, try to become an active committee member or vote the active committee member that support your ideas, and let the voting do the decision. voting may bring imperfect solution, but it can maximize consensus.
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