Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
pandaisftw
on 15/01/2014, 11:33:18 UTC
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.

Right now, the motivation for major stakeholders to keep forging should be simply that: to keep the network secure and avoid their nxt becoming worthless. Any nxt that is earned should be considered a nice bonus. Long term, motivations would be different and nxt earning through forging would be an important factor.

The benefits in reducing the cost per AM to 0.1/0.01 (in terms of driving usage, client development, awareness etc) far outweigh any reduction in forging rates.

Aliases and transfer fees could still be 1nxt, imo.


Agreed, I personally ordered a cubietruck that will arrive in a day or two, so I will be perma-forging no matter what the min fee is. But undeniably, we will lose some percentage of forgers.