Will this community be surpporting BM's "zero fee" proposal to get micropayment?

[pc]

I was there and all he said was that it would continue to be funded through dilution... eventually those funds will run out and there will be no means to pay witnesses.

Do witnesses actually need to pay a fee to sign a block? A fee is an anti-spam measure, and witnesses can be expected to sign at regular intervals and no more.

Uh... no. Witnesses don't pay fees to sign blocks, they *are* paid for signing blocks.
Witnesses do pay fees to publish price feeds, but I suppose that fee would be eliminated as well.

[xeroc]

I was there and all he said was that it would continue to be funded through dilution... eventually those funds will run out and there will be no means to pay witnesses.

Do witnesses actually need to pay a fee to sign a block? A fee is an anti-spam measure, and witnesses can be expected to sign at regular intervals and no more.

If they sign more they get ignored by the protocol.

[oldmine]

I was there and all he said was that it would continue to be funded through dilution... eventually those funds will run out and there will be no means to pay witnesses.

Do witnesses actually need to pay a fee to sign a block? A fee is an anti-spam measure, and witnesses can be expected to sign at regular intervals and no more.

[lil_jay890]

I still don't get how witnesses are going to continue producing blocks if we remove all fees and the reserve pool runs out...  Am I missing something?

Yes... 40 minutes Q&A Listen here - https://soundcloud.com/beyond-bitcoin-hangouts/e132  (from minute ~22). It is worth listening!

I was there and all he said was that it would continue to be funded through dilution... eventually those funds will run out and there will be no means to pay witnesses.

[bytemaster]

Please do not compete with micropayments until IOTA is liquid so I can get back into BTS, because right now, I have several BTC non liquid locked in IOTA ICO.

I thought BTS chose not to compete in micropayments

Why now do you choose to take market share from Internet of Things?

https://bitcointalk.org/index.php?topic=1299209.msg13394486#msg13394486

BM said that he would work with IOTA, not compete against them!

https://bitsharestalk.org/index.php/topic,19534.msg251719.html#msg251719

BM said:

"I think there is potential for IOTA and CNX to work together on providing the best possible technology for micro-transactions."

Now he states that he will instate competitive pricing?!

My intent is only to make BTS the best at what it does and to find a way to make free transactions possible.  The referral program still depends upon transaction fees and it will be up the committee / stakeholders to vote on what transactions result in fees. This proposal was mostly aimed at getting a user experience closer to what people expect from centralized exchanges.

[BunkerChainLabs-DataSecurityNode]

Please do not compete with micropayments until IOTA is liquid so I can get back into BTS, because right now, I have several BTC non liquid locked in IOTA ICO.

I thought BTS chose not to compete in micropayments

Why now do you choose to take market share from Internet of Things?

https://bitcointalk.org/index.php?topic=1299209.msg13394486#msg13394486

BM said that he would work with IOTA, not compete against them!

https://bitsharestalk.org/index.php/topic,19534.msg251719.html#msg251719

BM said:

"I think there is potential for IOTA and CNX to work together on providing the best possible technology for micro-transactions."

Now he states that he will instate competitive pricing?!

IOTA can submit a Worker proposal to work with them and the community can vote.

BM can change his position as he pleases, but he doesn't represent the community.

IOTA if they were serious about wanting to work with Bitshares could submit their own worker proposal for microtransactions. If no action is taken, then it's open game to whom ever comes up with the solution.

Clearly though based on current results there is strong support for such an idea.

Note that all it is now is an idea.

[-banano-]

Please do not compete with micropayments until IOTA is liquid so I can get back into BTS, because right now, I have several BTC non liquid locked in IOTA ICO.

I thought BTS chose not to compete in micropayments

Why now do you choose to take market share from Internet of Things?

https://bitcointalk.org/index.php?topic=1299209.msg13394486#msg13394486

BM said that he would work with IOTA, not compete against them!

https://bitsharestalk.org/index.php/topic,19534.msg251719.html#msg251719

BM said:

"I think there is potential for IOTA and CNX to work together on providing the best possible technology for micro-transactions."

Now he states that he will instate competitive pricing?!

[CLains]

BM showing his unique talent for coming up with novel solutions yet again. Polls reads 93.8 % in favor right now!

[noisy]

I still don't get how witnesses are going to continue producing blocks if we remove all fees and the reserve pool runs out...  Am I missing something?

Yes... 40 minutes Q&A Listen here - https://soundcloud.com/beyond-bitcoin-hangouts/e132  (from minute ~22). It is worth listening!

[lil_jay890]

I still don't get how witnesses are going to continue producing blocks if we remove all fees and the reserve pool runs out...  Am I missing something?

[xeroc]

brings us back again to the question what "dilution" actually is .. but I surrender

[Empirical1.2]

Is there any dilution？

This is the perfect example of how the western community thinks the eastern community works ..

Of course there will *not* be any dilution!

Of course there *will" be increased dilution. (Because revenue from fees will decrease but expenses will stay the same.)

It could still be a good idea depending on increased network effect as BM says,  'zero fees'  is definitely very marketable. 

[abit]

Is there any dilution？

This is the perfect example of how the western community thinks the eastern community works ..

Of course there will *not* be any dilution!

Of course there will be dilution (for development) if we all want this feature and don't want to pay fiat like OnceUponATime did for STEALTH.

Of course there will be dilution (to witnesses) if we make all operations free.

[xeroc]

Is there any dilution？

This is the perfect example of how the western community thinks the eastern community works ..

Of course there will *not* be any dilution!

[freedom]

Is there any dilution？