From 02b7162ccd3dc14c006b26dd32dbcc99b49afa14 Mon Sep 17 00:00:00 2001 From: Fabian Schuh Date: Mon, 28 Dec 2015 10:05:59 +0100 Subject: [PATCH] bsip#8: Shareholder summary --- bsip-0008.md | 20 ++++++++++++++++++++ 1 file changed, 20 insertions(+) diff --git a/bsip-0008.md b/bsip-0008.md index eff014b..f00cdd6 100644 --- a/bsip-0008.md +++ b/bsip-0008.md @@ -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.