Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin)

I don't think the fee should be destroyed. It would be a much better idea to pay it to Bitcoin miners or XCP holders. No? Maybe I don't understand it well enough.

But yeah 5 xcp seems a bit much.

Destroying the fee is paying it to XCP holders.

Quote from: Satoshi Nakamoto - June 21, 2010

"Lost coins only make everyone elses coins worth slightly more. Think of it as a donation to everyone."

PS: I'd say 1 XCP for new assets. I like round & prime numbers. I'm afraid to see a wave a spam issuances like COKE/CRACK/METH/DILDO/FRENCHGIRL coming from the same guy if you lower it too much...

I am of the same view as well. We need to reduce the fees to encourage businesses, however at the same time not lower it too much that there will be spam issuances and asset squatting. Which will stand in the way of legitimate businesses and users.
1 XCP seems about right (Nxt has an issuance fee of 1000 Nxt).

+1. I agree that 1 XCP seems a reasonable issuance cost. If you drop it lower than that I think it's very likely it'll need to be increased to reduce the clutter.