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bsip#8: Shareholder summary

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Fabian Schuh 2015-12-28 10:05:59 +01:00
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bsip-0008.md
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@ -211,6 +211,26 @@ 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.
# Summary for Shareholders
The idea of this proposal is to increase the use of BitShares by adding an
option for improved privacy to the BitShares customers. This features comes at
almost no cost to the shareholders (see below) since it is funded by a private
investor. Customers using this feature will initially need to pay 3x the basic
transfer fee to the improved privacy. The revenue from this is split as follows:
20% go to the BitShares shareholders as burned BTS, 20% go to a maintenance
account that will fund future development and updates for this feature and is
controlled by several individuals. The other 80% go to holders of a special
asset that will be created during a protocol upgrade and issued to the private
investor to compensate for his investment.
A hidden cost for BitShares shareholders is that in order to keep 20% of the
transaction fees, the fee has to be 5x the basic transfer fee but is only
increased by 3x. Even though this fee is a variable defined by the committee and
thus can be changed, the authors of this BSIP see a good compromise between
attracting new users and generating a higher revenue stream by relatively low
fees.
# Copyright
This document is placed in the public domain.