Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
One thing that is not cool on NEM right now among all the positive news is fees for small and micro-transactions. I understand it's spam and harvestors protection but it's bad having 0.0025% fee when you transfer 1,000,000 XEM and 10% fee when you buy a coffee for 10 XEM. How about some compromise 0.1% for any transaction with minimum 0.01 XEM and max 10 XEM ? Spamming would be still costly and but coffee would be bought without noticeable fee. As price fluctuates (mostly up 
), it might be needed to re-adjust it again in the future. Minimal transaction fee should be around quarter of USD cent imho.
), it might be needed to re-adjust it again in the future. Minimal transaction fee should be around quarter of USD cent imho.The price has risen so rapidly that it's pretty tough to respond to things like that. They have reduced the fee in the past. They'll need to do it again. It seems the primary moan is Poloniex's withdrawal fee which is now about $4 so it's becoming more like BTC all the time.
The devs can do nothing about the poloniex fee. Users have to request polo to lower it.
And yes fees will definitely be lowered. They just want to wait for the price to settle a bit.
Also BTC's high fees have a different reason