Great, more fees limiting liquidity. 0.025 fee on shares which are going for 0.05-0.07 right now.
You're only hurting the little guy who wishes to buy 1 or 2 shares at a time with a limited mining income.
I hope this is not the final solution as to how trading is going to happen?
I'd rather offer my developer services to create you a decent automated way
Umm, 0.5% fee is OK. But 0.025
BTC min fee seems quite much.
Besides that, hope there's a solution working soon.
It's not final, @Lab_Rat is looking into automated solutions. (And the nastyfans website looks kind of cool....)
* grnbrg takes off any sort of "official" LRM hat. My thoughts here.....As far as the 0.025
BTC fee.... I'll be honest and say that I suggested that. Until there is an automated system that only needs to be reviewed occasionally, trades are going to have to be handled manually. Between co-ordinating the emails, verifying signatures, re-requesting invalid signatures, hand-holding the users who don't really understand signatures, making and double-checking the changes to the master list, I figure that each transaction is going to take me 5-10 minutes, probably more. If there is a transaction for 2 bonds at 0.08
BTC each, the 0.5% fee would be 0.0008
BTC, or roughly 15 cents. To be perfectly honest, I don't want to bother with small transactions. (I know there are people who want small transactions, and I understand their frustration. But my time is worth more than $2 an hour.) Setting a minimum fee makes it worth my while to process trades. $5 didn't seem like an unreasonable number.
But, as above. The process isn't final. Should the fee be smaller? How small? $2 per transaction? Maybe a flat fee for a transaction of any number of bonds? Again - until an automated system is set up, this will be manual....
I'm trying to foster some discussion here, and hopefully get away from the surprise changes...
grnbrg.
I don't think people should find it to be unfair if you or whoever is paid to do manual transactions for
trades. Most brokerages, for example, charge a transaction fee (even if you trade one share).
A more legitimate complaint, I think, would be if fee's are taken from dividends
to distribute dividends. There is already a 25% allotment of mined coins for any costs for fundamental LRM functions.