bsip#8: cli-wallet transfer fees and the fee split in discussion
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bsip-0008.md
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bsip-0008.md
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@ -109,7 +109,7 @@ at zero cost to BitShares shareholders.
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Mode feature available to users.
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7. The Initialization Package shall make provision for the creation of
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generic Fee Based Assets (FBA) and set the fee for such
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8. A GUI shall be provided in the OpenLedger and Light wallets to allow
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8. A GUI shall be provided in the Web and Light wallets to allow
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ordinary users to easily use the Privacy Mode features.
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9. Documentation of the Privacy Mode feature and Maintenance and Fee
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Accumulation account shall be provided on the appropriate reference web
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@ -196,7 +196,20 @@ be.
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The argument was raised that the Privacy Mode as proposed here is not the
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feature most pressingly needed for BitShares right now.
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## Worker Poll Interval too Short
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## Confidential Transfers already available in the CLI-Wallet
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The privacy mode is already documented and available for use in the console-line
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wallet client at almost the same fee as non-private transfers (December 2015).
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However, since these transfers cannot participate in the Referral Program (see
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above), all fees are paid to the BitShares network. This proposal, shall it be
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implemented, splits the fee for private transactions 20%/80% (similar to regular
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transfers with the referral program) and hands out 20% of the fee to the
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BitShares network. The other 80% are given to the maintenance account and
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holders of the FBA. As a result, for BitShares shareholders to keep their 20%
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transaction fee, the other 80% need to be paid by the customer. However, the fee
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for this type of transaction is only increased to 3x and not the required 5x.
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The assumptions are that the increase in volume for this particular transaction
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type and the additional customers compensate for this loss.
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# Copyright
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