Awesome!
Do ETH next 

Here is how your own referral link should look like: https://bitshares.openledger.info?r=(your account name here)

Does this link already work?

I have just skimmed the paper and must say that it has some very innovative ideas that are very similar to some a white paper I am writing.  I reference your paper by mine.

I think there is potential for IOTA and CNX to work together on providing the best possible technology for micro-transactions.   As I mentioned on Mumble today, our internal project codenamed Plasma is aiming to make transactions free and instant and thus perfect for micro transactions. 

There are just a few nuggets of inspiration missing from IOTA that when fused by Plasma will amplify your system.   

Once I complete the white paper I think you will be very excited to work with us on standardization.   

+ 6 Stars 

Hello,

I'm David from the IOTA project (www.iotatoken.com). In short: iota is a lightweight, blockless micro-transactions token aimed specifically at Internet-of-Things (IoT). My co-founder, Come-from-Beyond, posed a few questions here a couple weeks back regarding Bitshares 2.0 and micro-transactions in this thread: https://bitsharestalk.org/index.php/topic,18784.0.html

It seems that Bitshares is not aiming for micro-transactions and instead focusing on its strengths. One of IOTA's goals is to find overlap and collaborate with the serious blockchain projects as we see no reason to 'compete', instead we rather compliment the blockchain projects.

I am opening this thread to start discussion about how IOTA and Bitshares can find  some overlapping use-cases which will benefit both projects.

Did you already talk with @ccedk , @stan , @bytemaster ?

We all love micro-transactions 

To this end, we will be working with the team at FreebieServers.com in the days ahead to sponsor a BitShares branded gaming tournament.
We'll be sure to keep you posted on all of the above.

https://github.com/cryptonomex/graphene/issues/393

Quote from BM on GitHub:

Market participants expect placing / moving orders to be cheap and filling orders to be expensive.

To prevent spam, all transactions require some kind of fee.
Placing orders consumes memory and cannot be trivially cheap so needs a high fee.
Canceling orders frees memory and has historically been free.

We can make placing orders free, filling orders (relatively) expensive, and canceling orders cheap with the following change.

User pays $0.25 to place an order
User pays $0.001 to cancel an order, and gets a refund of $0.25 * NETWORK_FEE_PERCENT
If the order fills then there is no refund of the $0.25
Under this plan the cost to place / update an order is $0.001 while the cost of having an order filled is $0.25.

The only remaining issue with the above is that part of the original fee ($0.20) goes to the referrer who may have withdrawn their cashback. To keep things simple, the only fee that gets refunded is the network fee.

If the user is a lifetime member then it looks like this:

User pays $0.25 to place an order and receives $0.20 cash back
User pays $0.001 to cancel an order, and gets a refund of $0.05 and $0.0008 cash back. (total cost $0.0002)
If the order is actually filled the user paid $0.05
If the user is an annual subscriber then it looks like this:

User pays $0.25 to place an order and receives $0.125 cash back
User pays $0.001 to cancel an order and receives $0.0005 cash back and a refund of $0.05 (total cost $0.0755)
If the order is actually filled the user paid $0.125
If the user is a basic member then it looks like this:

User pays $0.25 to place an order
User pays $0.001 to cancel an order and gets $0.05 back (total cost $0.20)
If the order is actually filled the user pays $0.25
The break even point for deciding whether to upgrade to a lifetime member is if the user would end up canceling 500 orders. If they end up canceling 10000 orders because they are a market maker then the average cost would be ($100 + 50000*.0002)/50000 => 0.0022 and the total spent would have been $110 dollars.

As long as the average order size is greater than $25 dollars, the market fees on the filled orders will be less than other exchanges that charge (0.2%) of volume. Anyone who does $55,000 of volume will pay over $110 in fees on centralized exchanges. If you are placing and canceling thousands of orders with a bot and doing less than $55,000 of volume then chances are your bot is not effective and is spamming the network.

How does the funding of the fee pool actually work?

What happen if you fund it with 1000 BTS?
 Do you get them back at any point?
 Do you get them back as converted bitAsset?