For those of you who have been following the GLBSE, you are aware that GLBSE 2.0 is set to launch on Monday. In addition to many great improvements, there is also the potential introduction of a few new fees.
GLBSE 2.0 Proposed Fees:- 1% Trade Fee (paid by seller)
- 8 BTC Asset Creation Fee
- 0.5% Dividend Fee
I understand the need for fees to keep the site alive and hopefully they will one day provide nefario with great wealth for what he has created. However, implementing a dividend fee doesn't sit well with me. I do not feel that my shareholders should have to pay what is effectively a brokerage, for allowing them to collect income from their investments. No brokerage has a fee like this in place and it will directly effect the earnings of your investment in MergedMining. Granted it is only 0.5%, but I feel like we still have time to influence nefario's decision to implement this type of fee. I have posted my opinion
here, on the GLBSE 2.0 Development Thread. Please take the time to make your opinion on the subject known, whether you support the proposed fees or not.
Feels like you're ganging up on me, anyway I'll drop the dividend fee for the time being, if at a later time I want to reintroduce it we'll have a discussion first.
On the trade fee, it was asked by someone (can't remember where) that 1% is pretty steep for one side to pay (i.e. the seller) and why not split the fee across seller and buyer.
This can be done with a currency exchange(where you can take some from both currencies) but doesn't work with shares.
Also of note regarding the trade fee will be that high volume traders will get lower fees.
Nefario.