Quote from: theoretical on December 30, 2014, 05:03:40 PM
The article says delegates receive transaction fees over two weeks.

As clarification, this is not what happens in the current code.  Currently all transaction fees are burned.

However, we did distribute transaction fees to delegates in past versions, and we currently plan to re-enable this functionality at the 1.0 hardfork.

Since the block rewards issued to delegates will decrease over time, giving them transaction fees is necessary to future proof the network.

0.4.28, not 1.0

Quote from: theoretical on December 30, 2014, 05:03:40 PM
The article says delegates receive transaction fees over two weeks.

As clarification, this is not what happens in the current code.  Currently all transaction fees are burned.

However, we did distribute transaction fees to delegates in past versions, and we currently plan to re-enable this functionality at the 1.0 hardfork.

Since the block rewards issued to delegates will decrease over time, giving them transaction fees is necessary to future proof the network.

Good to know, hope this rule will never change again...

Quote from: theoretical on December 30, 2014, 05:03:40 PM
The article says delegates receive transaction fees over two weeks.

As clarification, this is not what happens in the current code.  Currently all transaction fees are burned.

However, we did distribute transaction fees to delegates in past versions, and we currently plan to re-enable this functionality at the 1.0 hardfork.

Since the block rewards issued to delegates will decrease over time, giving them transaction fees is necessary to future proof the network.

I still think this should be implemented inversely to the halving of the block rewards, meaning the amount of fees paid out to delegate should increase whenever a halving of the block reward happens. Fees going to delegates in addition to the current rate of dilution pay isn't really necessary.

The article says delegates receive transaction fees over two weeks.

As clarification, this is not what happens in the current code.  Currently all transaction fees are burned.

However, we did distribute transaction fees to delegates in past versions, and we currently plan to re-enable this functionality at the 1.0 hardfork.

Since the block rewards issued to delegates will decrease over time, giving them transaction fees is necessary to future proof the network.

On its way

Quote from: bytemaster on December 29, 2014, 09:41:24 PM
http://bytemaster.bitshares.org/bitshares/2014/12/30/BitShares-Fee-Schedule-Explained/

Dan you need a twitter and facebook page so you can gather momentum for your blog.

Quote from: heyD on December 30, 2014, 01:07:12 AM

Quote
Where Fees Go

All fees paid in BTS are accumulated into a fund that is gradually paid out to all delegates over two weeks. When a delegate produces a block they are entitled to a percentage of the fund which is then adjusted by their delegate pay rate. A delegate with 100% pay will receive the full amount, where as a delegate with 0% will burn the full amount they are entitled to. When BTS is burned this is similar to returning the value to the shareholders. We can therefore summarize it as all BTS fees are paid to delegates or returned to shareholders.

Maybe I have missed something here. Are the bold words still in effect? In my memory the delegates are paid with the inflated BTS, rather than the collected fees.

They are paid with both. This ensures that the reward schedule will never have to be changed again.

Quote
Where Fees Go

All fees paid in BTS are accumulated into a fund that is gradually paid out to all delegates over two weeks. When a delegate produces a block they are entitled to a percentage of the fund which is then adjusted by their delegate pay rate. A delegate with 100% pay will receive the full amount, where as a delegate with 0% will burn the full amount they are entitled to. When BTS is burned this is similar to returning the value to the shareholders. We can therefore summarize it as all BTS fees are paid to delegates or returned to shareholders.

Maybe I have missed something here. Are the bold words still in effect? In my memory the delegates are paid with the inflated BTS, rather than the collected fees.

Very nice explanation

AKA why the price of BTS is going to the moon!

added to to Google+ Community

https://plus.google.com/108447587903810989371/posts/7FShZMQEM8v

http://bytemaster.bitshares.org/bitshares/2014/12/30/BitShares-Fee-Schedule-Explained/