Quote from: cmoffat on August 13, 2014, 07:16:56 AM

Quote

xcp high value would also be a flaw. Lets say that at some point in the future due to the lack of available xcp that 1 xcp is worth $1,000. No one in their right mind would pay $1,000 just to complete one single transaction on clearing house. The system would eventually be to expensive for anyone to consider using.

Exchange fees are paid in Via.

I was not actually referring to the fee per transaction, but rather the fact that 1 or more xch are destroyed everytime you create something within clearinghouse, like an asset or contract. Therefore if you create a contract within clearinghouse and 1 xch is destroyed as part of that process, and if 1 xch is worth $1000, then it has cost you $1000 to create that contract or asset. Am I right?

XCH is destroyed to create an asset, that is correct. We can adjust the fees in accordance with inflation/deflation in much the same way Bitcoin adjusted the miner fees as the price went up. There is nothing for you to worry about.