Can you please explain your reasons and vision for Crypti's future in regards to the hard coded .5% fee?
I mean when Crypti reaches a value of one dollar per, that will mean it will cost me 5,000 dollars to move 1 million Crypti to another address.
Low nominal transfer fees was one of Bitcoin's advantages over traditional money transmitters.
I understand Crypti's goals are aimed more at commerce than a typical crypto so an explanation would be appreciated.
Comparatively speaking it is still much lower than any other non-crypto method of transferring that amount of money, but I understand where you are coming from. I don't remember the exact conversations that were had as I believe it was decided at a meeting quite a while ago. As with anything, I do believe the foundation voted and that was the consensus selection.
Keep in mind that by hard-coded, that simply means the value is not variable, it does not mean that it cannot be adjusted in future core releases. It would still be able to be changed at a later date if necessary. So in this sense, hard-coded doesn't mean permanent, it just means that it is a non-variable amount and instead is set to a specific 0.5% atm.
As Litoshi mentioned, a large part of the conversation was balancing the ROI for delegates to allow them to run dependable hardware, not at a loss, to help run the network. We needed to balance the reward.
If XCR hits $1 = 1 XCR, we would most definitely re-evaluate to keep delegate rewards in line and reasonable.