Just want to throw something in the discussion.
Now that AM is here and other functions like voting are coming clients are being made (even the very basic ones), wouldn't it be a good idea to lower fees on that rather quickly?
I feel that adoption of Nxt will be far better served by use than by lower prices of Nxt so people can get thousands and thousands.
The value of anything is determined by it's usefulness anyway.
So, if for instance, if AM would cost 0,01 Nxt for a message, even someone with one Nxt from the faucet would be able to get some actual use out of his Nxt (100 messages for FREE, WOO!
)
Also, we might be seeing transactions go up, although I see that with the current block creation times, that may also create irritation at this moment?
My main point however is to look to fee lowering as a way to throw Nxt more open in the future instead of the market price. The fees are what determine how much use you can get out of one Nxt, thus determining the value of that Nxt?
Good idea of just plain idiocy?
Now that AM is here and other functions like voting are coming clients are being made (even the very basic ones), wouldn't it be a good idea to lower fees on that rather quickly?
I feel that adoption of Nxt will be far better served by use than by lower prices of Nxt so people can get thousands and thousands.
The value of anything is determined by it's usefulness anyway.
So, if for instance, if AM would cost 0,01 Nxt for a message, even someone with one Nxt from the faucet would be able to get some actual use out of his Nxt (100 messages for FREE, WOO!
)Also, we might be seeing transactions go up, although I see that with the current block creation times, that may also create irritation at this moment?
My main point however is to look to fee lowering as a way to throw Nxt more open in the future instead of the market price. The fees are what determine how much use you can get out of one Nxt, thus determining the value of that Nxt?
Good idea of just plain idiocy?
I AGREE 100% ...this must be done on PRIORITY basis....0.01 message fee should be done.
We have to balance low fees vs. people forging. I think it may be too early to decrease the fee. For example, if the fee is 0.01 NXT (= $0.0004) someone would have to forge 2500 min. transactions (which would be thousands of blocks) to make $1.
If traffic increased 10-100x to compensate, of course that will be better. So the question is, will lowering fees right now increase traffic by 10-100x? Otherwise many people will stop forging and the network will be more susceptible to an attack.