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General Discussion / Re: Reasons for Lowering Fees
« on: January 14, 2016, 09:36:32 pm »I'm not a fan of percentage based fee's. The fee's are paying for the cost of doing the work to process the transaction. It doesn't cost, computer power wise, anymore to process a $.01 transaction or a $1 million dollar transaction.
I think there may be a better answer to micropayments, other than percentage based fees. Percentage based fee's are really a legacy form of tax, and we should look at some alternative and innovative forms of fees while we are still young.
So tell us what it might be.
Maybe: "Rate Limiting Transactions", point 1.0 of the "BitShares Development Proposals by BunkerChain Labs and Cryptonomex, Inc".
IF someone can retrieve the older/not edited version of this document, we could better evaluate that proposal.
Document--> https://docs.google.com/document/d/12hWyasMJ5mL1fboAt9ZK8FEf0c7o_q-1bwm5ItsLNGo