Hello again,

The idea to attract "big money" is on the whole, a good thing.  It shows that people are still willing to take the substantial risk of loss on investment to convert to bitcoin, and this ballsiness is important if bitcoin is to succeed.

That being said, the way I understand the fee/discount system is that it's stealing from the poor and giving to the rich.  People wishing to transfer small amounts out of their flexcoin accounts are going to have to pay a minimum fee, making the withdrawal of  micro-payments impractical for the little guys.

To be fair, I really like the site, and what it's about, the thing is that me, the average user, is being turned off by the fees being unevenly weighted.

EG: Say I want to withdraw just 1BTC from my account, the minimum I'd have to pay is .01BTC (1%)  <- this is a lot.  These fees are then given to those who have a ton of  BTC just sitting in their accounts as "discounts", hence, stealing from the poor and giving to the rich.  Something fundamentally wrong here, but easily corrected by charging a fair flat rate.

Like I said before, instead of charging a fee and returning 70% of those fees as discounts, (a large part going to the BTC wealthy,) simply charge 30% of the fee you're trying to charge in the first place.

EG: 0.003BTC or 0.15% on all withdrawals.

-KBundy