Quote from: Lordoftherigs on November 25, 2014, 01:07:04 PM

Quote from: gs02xzz on November 24, 2014, 09:27:08 PM

Quote from: Taek on November 24, 2014, 08:19:45 PM

Most importantly though, I feel very obligated to stick to the 0.00039% value that I've repeated many times. I've encouraged everyone to make decisions around that number and not any other number. Changing that number means we're altering what we told people to expect when they were making their investment decisions. People who chose not to buy may have decided to buy in the event that each sianote would actually be worth more than 0.00039%. Furthermore, if we create a precedent for changing this value, you lose the security of knowing that it won't decrease. If we decide later that a 10% fee is actually bad (because Storj, for example, ends up being 10% cheaper) and we need to reduce it, do we also drop how much a sianote is worth? How will that affect people who have been investing in the sianote?

I realize that changing the total fee is a big move, but I am trying to do the right thing. If it ends up being a major source of contention, and you guys feel universally that you are being cheated because we raised our fee without including you, all that will happen is we reduce the fee back to the original 3.9%. I feel that this would hurt Sia overall because it affects the number of people that we can hire, that affects the quality of the product. But I would much rather set the total fee at 3.9% than set a precedent of adjusting the income provided by the sianote, even if the first adjustment was upwards. I don't think that I would ever feel comfortable adjusting the number down from a previous amount (if I did decide to set it at 0.001%, I would never lower it), and that would back us into a corner if we suddenly realized that the fee was too high, because either we have to fully take the hit ourselves (to isolate our crowdfunders) or we have to lower the value of the sianote back down from 0.001%, which would violate expectations that we had set.

I'm willing to work with you guys on this, but I'm very nervous about straying from the 0.00039% value that I've repeated so many times. I don't think it would be right to adjust those expectations.

Sounds good to me. I think it is fine to stick to that original number becasue the investors still have the same value for their investment. I believe you guys will make sure that the project will be competitive.

+1 the original number needs to be maintained. Neither increased or decreased.

I'm not sure where I stand on this but lets not make quick opinions on this. It has been explained David feels Nebulous will likely need more income to make Sia successful. I guess I default on letting the guys who started this whole thing run the whole thing. But I do agree that in order to gain adoption the fee needs to be as low as it can be. Its sort of a catch 22. Sia needs low fees to attract wary new decentralized cloud storage customers. But too low a fee might not provide enough income to hire more people. Of course nobody here is for reducing sianote investors' slice so it is a tricky problem.

My advice fwiw to Taek is listen to what we have to say but don't change the numbers to something just to please us. Compromise as much as you can confidently. Sia succeeding big time is all that matters.