bsip#8: Shareholder summary
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bsip-0008.md
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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.
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The assumptions are that the increase in volume for this particular transaction
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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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type and the additional customers compensate for this loss.
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# Summary for Shareholders
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The idea of this proposal is to increase the use of BitShares by adding an
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option for improved privacy to the BitShares customers. This features comes at
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almost no cost to the shareholders (see below) since it is funded by a private
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investor. Customers using this feature will initially need to pay 3x the basic
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transfer fee to the improved privacy. The revenue from this is split as follows:
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20% go to the BitShares shareholders as burned BTS, 20% go to a maintenance
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account that will fund future development and updates for this feature and is
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controlled by several individuals. The other 80% go to holders of a special
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asset that will be created during a protocol upgrade and issued to the private
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investor to compensate for his investment.
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A hidden cost for BitShares shareholders is that in order to keep 20% of the
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transaction fees, the fee has to be 5x the basic transfer fee but is only
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increased by 3x. Even though this fee is a variable defined by the committee and
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thus can be changed, the authors of this BSIP see a good compromise between
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attracting new users and generating a higher revenue stream by relatively low
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fees.
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# Copyright
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# Copyright
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This document is placed in the public domain.
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This document is placed in the public domain.
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