Quote from: metamorphin on January 12, 2016, 02:47:40 AM

Quote from: HORT on January 12, 2016, 02:41:35 AM

Quote from: Mark Zuckerberg on January 12, 2016, 02:18:54 AM

Staked my first FLY today, gonna take me forever to get to the 100 FLY club... Undecided

Have you considered not taxing the little guys on their staking?

Hmmm, now that is an idea. Maybe those who don't have 100 coins aren't taxed? Very good suggestion! All those that have above 100 the tax applies. I like it.

Not bad at all, but its heavy to code, no?

I am more for the feestructure we created now, because so we have no unfair behaviour against all holders; but I am also for a rewardsystem for the guys under 100 FLY!

I think, we will find a solution very soon. :-)

Greetz
Meta

Statement:
The whole point to the fees & taxes were to create an anti dumping environment.
From Team Fly own posts , it is apparent that the taxation system is not having the desired effect, that was originally hoped for.

Question:
What is the point to continuing with a tax based system that does not achieve the desired results?
Would it not be simpler to remove all of the taxes and fees , and look for other design criteria to try and achieve the desired results.

For example:
With all of the fees removed the coin could be used for commerce.
Here is something different, set your coin to give a 50% annual rate for 3 months, then 25% for 3 Months, then hold at 12.5% forever annual rate.
People would be insane to sell during the 50% & 25% rate, but some will , but without the taxes, it will be more desirable for new users.
Removing the fees will also allow you to not have to update the wallet every time someone needs an withdrawal exemption, that amount of busy work eats up time and resources. Plus less wallet updates, means less time waiting for the exchange to update their wallet.

Anyway a Free Suggestion , Take it or Leave it.

Cool

FYI:
Instead of Fees & Taxes sending into Superfly
Have a once a week Fly Lottery using Fly to fund Superfly.
Example:
Winner receives a 25% of the fly received for the lottery and the 75% goes to superfly wallet.
or do 3 winners
#1 receives 15%
#2 receives 10%
#3 receives 5%
Plus if you wanted you could burn a % of the lottery to offset inflation.