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bsip#8: cli-wallet transfer fees and the fee split in discussion

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Fabian Schuh 2015-12-28 09:56:28 +01:00
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bsip-0008.md
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@ -109,7 +109,7 @@ at zero cost to BitShares shareholders.
Mode feature available to users.
7. The Initialization Package shall make provision for the creation of
generic Fee Based Assets (FBA) and set the fee for such
8. A GUI shall be provided in the OpenLedger and Light wallets to allow
8. A GUI shall be provided in the Web and Light wallets to allow
ordinary users to easily use the Privacy Mode features.
9. Documentation of the Privacy Mode feature and Maintenance and Fee
Accumulation account shall be provided on the appropriate reference web
@ -173,8 +173,8 @@ When the project is complete, the new software will be presented to the
witnesses as an opportunity to hard fork by switching to running the new
package/software. At that time witnesses will face a choice:
1. Honor the proposal at the time the decision to spend the private investor's money was made, or
2. Honor the proposal at the time the product is delivered (if it has changed in the mean time).
1. Honor the proposal at the time the decision to spend the private investor's money was made, or
2. Honor the proposal at the time the product is delivered (if it has changed in the mean time).
Acting against the wishes of Vote 2 could get them fired if enough people
disagree with them keeping the implied commitment of Vote 1.
@ -196,7 +196,20 @@ be.
The argument was raised that the Privacy Mode as proposed here is not the
feature most pressingly needed for BitShares right now.
## Worker Poll Interval too Short
## Confidential Transfers already available in the CLI-Wallet
The privacy mode is already documented and available for use in the console-line
wallet client at almost the same fee as non-private transfers (December 2015).
However, since these transfers cannot participate in the Referral Program (see
above), all fees are paid to the BitShares network. This proposal, shall it be
implemented, splits the fee for private transactions 20%/80% (similar to regular
transfers with the referral program) and hands out 20% of the fee to the
BitShares network. The other 80% are given to the maintenance account and
holders of the FBA. As a result, for BitShares shareholders to keep their 20%
transaction fee, the other 80% need to be paid by the customer. However, the fee
for this type of transaction is only increased to 3x and not the required 5x.
The assumptions are that the increase in volume for this particular transaction
type and the additional customers compensate for this loss.
# Copyright