So we finally turned the page on fees

[Akado]

There is a tremendous amount of trading at the centralised exchanges.  Imagine a situation where these traders can trade in a safe and frictionless DEX and almost free trading?

The thing is getting those people to migrate from a place where they are already comfortable and used to. It's hard and a long process. I think BitShares itself won't attract much users, businesses and services that run on top it will. But I think we are improving, giving all the recent efforts to improve liquidity. Community seems to be coming together and that's good.

[cube]

There is a tremendous amount of trading at the centralised exchanges.  Imagine a situation where these traders can trade in a safe and frictionless DEX and almost free trading?

[Akado]

Doesn't the liquidity pool have any risks? I also thought about that. I think that deserves a thread of its own @Empirical1.2

[Empirical1.2]

Initial uptrend is looking good.

http://imgur.com/fCKgkJD

I guess it's too early to know if will keep increasing, but it's a good sign nonetheless! Would like feedback from the chinese community. @alt @abit @bitcrab could you share if people seem to be more satisfied with these lower fees?

You can be pretty certain the transaction amount should increase. At the same time there's not a huge amount of utility in BTS, so the majority of transactions are probably between individuals and exchanges, so I doubt it will be drastic.

Even though you might not notice it right now, not having 0.2% trading fees & $0.2 TX fees will be very important for reducing friction in the BitUSD business cycle and keeping spreads tight.

Well, since fees were so contested I really expect an increase in the number of transactions/trades. Unless it was all talk.

Hopefully it will do that. Spreads are one of the reasons we have liquidity issues, no one wants to buy bitUSD for $1.20

Well in order to lower spreads I think we need to do this... https://bitsharestalk.org/index.php/topic,21541.msg283465.html#msg283465

But then the low TX & trading fees should be able to keep it in a 2% range.

Yield Harvesters to Liquidity Pool to BitUSD Buyers at 1.01  to Merchants at 1-1 to Liquidity Pool again at 0.99-1.00
 

[Samupaha]

We now need a consistent campaign that drives it home to current and past users for the next month or two if you want to see any serious results out of it.

I'm afraid that this is again a missed opportunity for marketing efforts. Marketing plans should have been ready to be executed when the changes took effect.

[BunkerChainLabs-DataSecurityNode]

We now need a consistent campaign that drives it home to current and past users for the next month or two if you want to see any serious results out of it.

[Akado]

Initial uptrend is looking good.

http://imgur.com/fCKgkJD

I guess it's too early to know if will keep increasing, but it's a good sign nonetheless! Would like feedback from the chinese community. @alt @abit @bitcrab could you share if people seem to be more satisfied with these lower fees?

You can be pretty certain the transaction amount should increase. At the same time there's not a huge amount of utility in BTS, so the majority of transactions are probably between individuals and exchanges, so I doubt it will be drastic.

Even though you might not notice it right now, not having 0.2% trading fees & $0.2 TX fees will be very important for reducing friction in the BitUSD business cycle and keeping spreads tight.

Well, since fees were so contested I really expect an increase in the number of transactions/trades. Unless it was all talk.

Hopefully it will do that. Spreads are one of the reasons we have liquidity issues, no one wants to buy bitUSD for $1.20

[Empirical1.2]

Initial uptrend is looking good.

http://imgur.com/fCKgkJD

I guess it's too early to know if will keep increasing, but it's a good sign nonetheless! Would like feedback from the chinese community. @alt @abit @bitcrab could you share if people seem to be more satisfied with these lower fees?

You can be pretty certain the transaction amount should increase. At the same time there's not a huge amount of utility in BTS, so the majority of transactions are probably between individuals and exchanges, so I doubt it will be drastic.

Even though you might not notice it right now, not having 0.2% trading fees & $0.2 TX fees will be very important for reducing friction in the BitUSD business cycle and keeping spreads tight. 

[Akado]

Initial uptrend is looking good.

http://imgur.com/fCKgkJD

I guess it's too early to know if will keep increasing, but it's a good sign nonetheless! Would like feedback from the chinese community. @alt @abit @bitcrab could you share if people seem to be more satisfied with these lower fees?

[cube]

Initial uptrend is looking good.

http://imgur.com/fCKgkJD

[Akado]

Now that we have turned the page and we have lower fees, is everyone happy and in harmony now? Is the community not divided until the next event?

Now that we have the following schedule http://cryptofresh.com/fees

Do you think we will get more transactions? Will we see chinese people getting back in and use the platform more? I recall they weren't used to high fees so now this should do it I guess. Could you collect feedback from the chinese community? Are they satisfied and happy users? Are they going to give it more use?