Author Topic: Lets talk about fees again  (Read 4924 times)

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Offline helloworld

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+5% I agree with lowering fees for unfilled orders for regular users.

Also on the Brownie bashing, I've been vocally against them since inception.

 +5% +5% +5%
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Offline tonyk

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Don`t put the cart before the horse,

Don't change the terms after you sell to the customers.

Are you going to refund all LM members their paid fees?

If the LM was a bad idea it should have never been created in the first place.

But, why is this just being discovered now?

Where was all of this input on this matter BEFORE the cart was created, placed in a certain order and sold to others?

On the "placed in a certain order " [which made me laugh btw, but is not why I am posting this]

This calls for a meme change... like 180 degree rotation of the engine orientation. :)
« Last Edit: November 03, 2015, 03:04:36 am by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Tuck Fheman

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Don`t put the cart before the horse,

Don't change the terms after you sell to the customers.

Are you going to refund all LM members their paid fees?

If the LM was a bad idea it should have never been created in the first place.

But, why is this just being discovered now?

Where was all of this input on this matter BEFORE the cart was created, placed in a certain order and sold to others?

Offline tbone

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The thing I see over and over from traders on polo (this is one of our main target audiences for using bitshares), is that having to pay a fee for a cancelled order is the thing they hat,e nad is making them not want to use bitshares.


Imo, the make order/cancelled order fee should be made as low as possible (only nonzero to prevent spam).  For ALL users, not just lifetime.

Transfer fees and fees for an order that actually executes can be high as they are now.


I think this needs to happen in order for Bitshares to have any traction among traders.

I agree, the order placement/cancellation fee should be low (just low enough to prevent spam) for all users.  Trying to turn this fee into a profit center and/or a reason to upgrade is unnecessary and misguided.  Please, let's not go there.

Offline BTSdac

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Imo, the make order/cancelled order fee should be made as low as possible (only nonzero to prevent spam).  For ALL users, not just lifetime.

I disagree.

Why even have a lifetime membership option if everyone gets the perks?

Such perks are the reason to buy the lifetime membership.

It also says, "Hey BTS Community, I'm here to stay!".
Don`t put the cart before the horse,
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Offline xiahui135

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If i am a whale, i will be selling when i find you brownie guy are robing my money!

Offline Empirical1.2

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 +5% I agree with lowering fees for unfilled orders for regular users.

Also on the Brownie bashing, I've been vocally against them since inception.
If you want to take the island burn the boats

Offline donkeypong

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Brownies are a joke. I would much rather just use BTS. Somebody buy up the Brownies and burn them.

Offline tonyk

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I also think the fees for brownies should be negative!

This way BTS can have one more way of bleeding money into them sweet brownies.
It is joke.
If i have the so called brownies, i will just tranfer and trade to myself, and get all the bts.

And it is not fair how brownies was dividend.
I have no interest in it, and some others oboject it.

Exactly - isn't that what brownies are for in the first place? Taking all the value out of BTS?

Here are more ways they do it:

https://bitsharestalk.org/index.php/topic,16894.msg252626.html#msg252626

But the suggested aproach is the bestest, imho.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Ander

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Imo, the make order/cancelled order fee should be made as low as possible (only nonzero to prevent spam).  For ALL users, not just lifetime.

I disagree.

Why even have a lifetime membership option if everyone gets the perks?

Such perks are the reason to buy the lifetime membership.

It also says, "Hey BTS Community, I'm here to stay!".

Lifetime membership still gets 8% off transaction fees, order execution fees, and everything else.  Its still worth it for anyone who wants to trade a lot.

But we need a volume of traders to get liquidity going.  If the pain point for traders is paying a fee when they place but then cancel an order, lets remove that pain point.  When they are doing trading and moving BTS around it will still pay good fees and make BTS profitable.
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Offline xiahui135

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I also think the fees for brownies should be negative!

This way BTS can have one more way of bleeding money into them sweet brownies.
It is joke.
If i have the so called brownies, i will just tranfer and trade to myself, and get all the bts.

And it is not fair how brownies was dividend.
I have no interest in it, and some others oboject it.

Offline tonyk

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I also think the fees for brownies should be negative!

This way BTS can have one more way of bleeding money into them sweet brownies.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline tonyk

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What makes me angry right now is that I have to pay fees to send BTS to my collateral positions handlers, then to pay fees to update position... but it doesn't even work if I don't go further short because the collateral handler has none of the bitAsset required to pay the fee.

That's... really unpleasant  :-[

I know, You have to pay a fee to transfer in order to  pay a fee so you can update your position.

Hey this only applies to them stupid shorters. They are nothing for us but a meet that needs to be screwed with grinded constantly!
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline freedom

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The thing I see over and over from traders on polo (this is one of our main target audiences for using bitshares), is that having to pay a fee for a cancelled order is the thing they hat,e nad is making them not want to use bitshares.


Imo, the make order/cancelled order fee should be made as low as possible (only nonzero to prevent spam).  For ALL users, not just lifetime.

Transfer fees and fees for an order that actually executes can be high as they are now.


I think this needs to happen in order for Bitshares to have any traction among traders.


I agree.

Offline Pheonike

What makes me angry right now is that I have to pay fees to send BTS to my collateral positions handlers, then to pay fees to update position... but it doesn't even work if I don't go further short because the collateral handler has none of the bitAsset required to pay the fee.

That's... really unpleasant  :-[

I know, You have to pay a fee to transfer in order to  pay a fee so you can update your position.