give us a voting range of 0.1 to 20 BTS and we will initially start out at 20 but and when a new competitor finally enters our Public Smart Property space, the. we can lower the price to undercut the competition. Its business 101. Launch your new tech product with high profit margins the. lower it over time to discourage competitio. This will allow us to keep the monopoly longer and pay for more R&D with serious profits.
the fees are good for several things we need:
- flood prevention
- affiliate marketers
- fee pool (which funds development)
so everyone demanding low fees for the sake of micro transactions should look for one of the 1000 other coins that offer nothing more than that. we have a business to run and sustain here.
only the first reason -flood prevention- is reasonable.
it is not a good idea to get development funds from transaction fees.
look at ripple. or NXT, they also keep on developing, but with low fees.
maybe 1BTS fee is acceptable, but 20BTS fee will create big problem.
NXT has 0 growth, Ripple is a centralized shitcoin, I don't see any connection to Bitshares there.
In order to get people in it was decided to get an affiliate system, and that's the best move in my opinion.
if you want small tx fees, upgrade to lifetime member, then you can have 4bts/tx.
please elaborate on the "big problem" you see
now 20BTS = 0.75CNY, if the price of BTS go up, it will be easy for it worth 1CNY, 2CNY.
alipay is free for transfer, many online transfers between banks in China are free, to pay 1CNY to do a transfer in a cryptocurrency system? this is a very bad feeling, however of cource, if you need to discourage new users to join or encourage the current users to leave, this is a good method.
there's many ways to get funded, to issue an asset, to provide customized service or even contact VC, relying on transaction fees bring the worst user experience.
and, to get development fund from fee pool bring this worry: development team enjoy high fee rate, their interest is not consistent with that of the user/stakeholders, this may bring some kind of centralization and make the community split.