Idea: automatic mastercoin fee-voting system
Mastercoin holders set individual service fee-sizes by a voting system integrated with the mastercoin protocol.
All individual fees on mastercoin services and %fees should be set/addjusted by mastercoin owners on a regular basis (once a week or so). people vote with their mastercoins what fees they want to increase and what fees they want to reduce. the system then adjusts the fees up or down according to the votes-ratio cast by the mastercoin holders. 1 MSC = 1 vote. If no one votes the fees just stay the same.
That way the fees will never have to be hardcoded or updated by the developers and they will addjust to supply and demand. If mastercoin gets a competitor we can quickly lower the fees.
If you want me to write a complete spec for this system I will will do it if you create a nice incentive for me
thanks mughat
Master of science in computer systems engineering.
Mastercoin holders set individual service fee-sizes by a voting system integrated with the mastercoin protocol.
All individual fees on mastercoin services and %fees should be set/addjusted by mastercoin owners on a regular basis (once a week or so). people vote with their mastercoins what fees they want to increase and what fees they want to reduce. the system then adjusts the fees up or down according to the votes-ratio cast by the mastercoin holders. 1 MSC = 1 vote. If no one votes the fees just stay the same.
That way the fees will never have to be hardcoded or updated by the developers and they will addjust to supply and demand. If mastercoin gets a competitor we can quickly lower the fees.
If you want me to write a complete spec for this system I will will do it if you create a nice incentive for me
thanks mughat
Master of science in computer systems engineering.