February 5, 2016 Hangout Highlight - Zero Feesbytemaster: Could we imagine a scenario where the blockchain had no fees at all and instead all accounts were rate limited proportional to their balance?
fuzzy: What do you mean rate limited, as far as?
bytemaster: As far as viewing your BitShares as owning a percentage of the available network capacity. So someone owns 1% of BitShares could consume 1% of the network capacity.
fuzzy: So kind of like miners and mining pools?
bytemaster: Completely unrelated to that. There are no fees. Imagine a system where if you own 1%, you can consume 1% of every block, worst case. Imagine everyone’s doing timeshare on the blockchain space and everyone who owns shares can consume some of the blockchain space when they want to do a transaction. With this method no one would be able to flood the network because they can consume their allotted allocation of the bandwidth.
Not everyone wants to use the network at the same time. The network can support regular users transacting more or less whenever they want. The only thing it won’t allow you to do is to flood the network with a large amount.
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Topic: Introducing BitSharesNews.info (Read 11662 times)
