Quote from: kraizi on June 05, 2014, 03:04:43 PM

Quote from: jamaer on June 05, 2014, 07:26:40 AM

This is also the place (I think) Friction has planned the new fee I talked earlier. Instead of having these "self escrows" or whatever, it would be required that an amout of IXCs needs to be transfered to a certain address (this is the "Mastercoin way"), i.e. "the Foundation fee". IMO, that's a good idea, but I wish he would discuss the fee amounts etc here instead of just putting whatever pleases him. IMO, the fees should be rather small (to encourage the use of IXC CP) and also rather simple (to prevent complications in the long term). My preferered way would be to have the amount send to Foundation to be exactly the same amount as paid to miners regardless of the CP action. This would be very easy to check from the implementation point of view (so easy that it could be easily implemented as native if needed) needing no adjustments in the future, and IMO it is also fair ("half to miners, half to the Foundation"). Also from the users's perspective, it would not be too expensive (double of making a normal IXC transfer).

I like it. The fees you propose aren't excessive so they shouldn't be a turn off to users. We really need some regular income coming into the foundation so we can make steady progress rather than waiting for donations. This is only a modest amount but as CP is used more and IXC prices increase the revenue stream will increase.

Certain fees can only be acquired by the miners.

I'll have to document which operations can have fees sent to the foundation.

Anyway, the way I like this to work is the foundation takes the additional role of validating legitimacy of assets and feeds. So fees paid to the foundation should go to the people who are validating these.

Hmmm.... I kind of like this idea that different kinds of services have different kinds of fees that go to different parties.

So a fee is paid to create a new asset, but this fee is paid to someone who audits the asset.

A fee is paid to someone who creates a new feed, but the fee is paid to the auditor of the fee.

A fee is paid to exchange assets, the fee is typically paid to the exchange that processes the fee.

So what happens is all cases is that there is competition to handle each kind of operation.

The more reputable auditor gets more fees. The faster exchange gets more fees.