Sounds more like the Flexcoin guys just want to monopolize the transaction system so that they get a % of the BTCs in their system even though they are basically providing nothing useful. Online wallets are pointless. If you can't run the client on your computer you need to wake up and get your head out of the sand - Flexcoin, Mybitcoin, Instawallet, etc ----> they're all here to siphon *just a bit* of the creme off top.
If you don't want to use any service that charges a fee like tradehill, mtgox, flexcoin, campbx or any other bitcoin service then no one is forcing you to.... regardless you had a valid point regarding the balance displayed and that's being addressed.
With all due respect, I have made 2 accounts with you, and am very reluctant to deposit any BTC for many of the concerns listed here (e.g. proof of non-fractional reserves, no current implementation or proof of offline storage -- by the way, at least 95% should be stored offline -- the cater-to-the-rich interest system, etc.). Comparing your site to tradehill/mt.gox/campbx is unjustified. It's like making the argument "Bob likes pizza, Mike likes pizza, therefore bob is mike" (in the context that they both like pizza). Yes, they all implement fees, But with TradeHill and Mt.Gox, I have been able to make 200% profit from my original investment in as little as 1 month. How long would it take me to make 30 BTC from an original investment of, say, 10 BTC, using only Flexcoin?
I am not trying to hound you, even though after some of my more positive posts earlier in this thread it may now appear that I have jumped on a bandwagon of negativity and scrutiny. But
prima facie evidence suggests that not only have peoples' scam/loss worries increased exponentially since Mt. Gox, MyBitcoin, etc., but the number of scammers have increased exponentially as well, even during the past few weeks.
With reference to the interest problem, I think that a system that caters to the POOR would help your business long term. So, for example (I haven't given this a lot of immediate thought), take into account the total number of BTC in you system, maybe average both the mean and median of total BTC in your system, have a set fee % rate, and then have all transaction fees from accounts below that average pay out to those above the average, and have all transaction fees from accounts above the average pay out those below it. So...imaginary 11 account data set...
BTC = {1, 2, 5, 10, 15, 25, 50, 100, 1000, 5000, 10000}
Mean =1620.8
Median = 25
1625.8/2 = 822.9
So, with the set fee, accounts 1, 2, 5, 10, 15, 25, 50, and 100 would all pay fee interest to the accounts with 1000, 5000, and 10,000. In contrast, those with 1000, 5000, and 10,000 BTC would pay fees to the other 8 lower accounts below the 822.9 BTC threshold. This would take into account the early adopter problem and the presumed fact that, like American class system, the top 1-5% of the Bitcoin population probably owns 95-99% of the Bitcoins (maybe a little less, I obviously am not sure). Then, you can skim your little bit off the top.