Quote from: pla on April 25, 2012, 11:20:23 PM

Quote from: CoinHunter on April 24, 2012, 11:15:25 AM

Every day every account takes a half cent (0.005) to cover the operational costs

Can you elaborate on the meaning of "operational costs", given that in a P2P currency, every participant shares the costs (basically just bandwidth, and my own at that) equally already? And, where exactly will this half cent per day go - not in the abstract sense, but in the "0.005MC transferred from account ABC to account XYZ" sense - To what does that XYZ refer?

(And guys, c'mon, let him actually answer instead of mocking him - The petty, nonstop bickering really sucks most of the fun out of all this)

Operational costs are computer capital, memory usage, cpu usage, network usage and disk space usage. Nearly everyone around the world sets a price for these features (ie it's very difficult to find reliable hosting that is free). Because you can now securely use MicroCash without becoming a node you are essentially relying on the hundreds/thousands of computers around the world to do it for you. By putting a fee on this resource we can basically control to some extent the number of useless accounts created (that clog the nodes), prevent and cleanup spam and also now offer small amounts of interest back to the chain proportionally.

If anyone thinks half a cent per day is expensive then they shouldn't use MicroCash, use something that sets no price on something which actually costs something if they can, why not? I think by valuing something which costs something MicroCash can provide a better infrastructure and new services on top of it.

All fees are collected, account and transaction fees, and instead of giving them to the people who are rich in hardware (miners) they give it back to all MicroCash account holders proportionally based on the amount of MicroCash they have. Miners already get a lot, they are the only ones who can create new currency. So it's a different system, some say a better system as it rewards everyone invested in the currency vs only a few (the miners) for getting new users involved and doing more economic activity. As transactions increase (economic activity) everyone in the chain benefits.

If there are enough transactions per day then they will cancel out the account fee and everyone will earn "interest".