Author Topic: Changing the fee in the wallet fix and open ledger Jan15, 2014  (Read 2812 times)

Crestington

  • Hero Member
  • *****
  • Posts: 835
  • Karma: +29/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Changing the fee in the wallet fix and open ledger Jan15, 2014
« on: January 15, 2014, 01:08:59 PM »
Sudo23 proposed changing the current fee (destruction of 0.1 col) to a 0.01% fee that goes to the Dev Fund when we get the fix performed. I think the fee should be higher at 0.05% within the fix. I do not see people running to sell over a 50 cent fee on a $1000 investment.

We can propose the new fee on bitcointalk along with the open ledger,  why pure donations do not work, what it will be used for (relaunch), and that fees will be readjusted within the new chain.
BTC: 189A74yHTNH78ct32yrm8g7yMxUJTShQUe
COL: 2A4QNtiKCNwiPX1xoYk17jxXBES3k2oszg

Heat007

  • Global Moderator
  • Full Member
  • *****
  • Posts: 162
  • Karma: +5/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #1 on: January 15, 2014, 03:00:29 PM »
I think 0.02 % is good

Crestington

  • Hero Member
  • *****
  • Posts: 835
  • Karma: +29/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #2 on: January 15, 2014, 03:20:35 PM »
I wrote a proposal for 0.05% on Bitcointalk on our Col thread.

https://bitcointalk.org/index.php?topic=279601

I decided to go with 0.05% because a higher fee is better and we can reduce it. If we go in with a proposal of 0.01% and then change our minds to make it 0.02-0.05% it looks like we are trying to squeeze investors but if we go in high and change our minds and lower it, we are listening to investors.

Personally I wouldn't care if I was investing $1000 and 50 cents of that went to make the coin better as long as it was used properly.
BTC: 189A74yHTNH78ct32yrm8g7yMxUJTShQUe
COL: 2A4QNtiKCNwiPX1xoYk17jxXBES3k2oszg

Galbatoryx

  • Improvement Team
  • Newbie
  • ****
  • Posts: 8
  • Karma: +1/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #3 on: January 15, 2014, 03:36:42 PM »
I agree with 0.05%

Sudo23

  • Founder of the ColossusCoin Foundation
  • Administrator
  • Hero Member
  • *****
  • Posts: 643
  • Karma: +83/-0
  • Welcome to our ColossusCoin-Forum!
    • View Profile
    • Colossuscoin.org
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #4 on: January 15, 2014, 04:16:29 PM »
I agree that the transaction fee structure has to be increased to 0.05% within the wallet fix.
 
Donation Addresses:

BTC: 1GGF7vjv1dLEu2oYg9AsRxWavAKSguv6Jh
DOGE: DFyxgUTvA2dVDTNnWH5e2Y2Wat7TSJcHRB
Litecoin:LKodWSwYG45oE8WyDMyZ8osvc2hy9R9hfL
ETH: 0xbd86fdb353cdc900584ff49c1bed03cecf637f44

Crypto

  • Improvement Team
  • Jr. Member
  • ****
  • Posts: 93
  • Karma: +11/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #5 on: January 17, 2014, 06:20:43 AM »
I agree a change to a 0.05% transaction fee

Th82

  • Improvement Team
  • Full Member
  • ****
  • Posts: 233
  • Karma: +8/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #6 on: January 17, 2014, 06:33:38 PM »
Hello Guys,
Changing the fee in the wallet fix to 0.05% is a good method to boost our Dev Found

 

Sudo23

  • Founder of the ColossusCoin Foundation
  • Administrator
  • Hero Member
  • *****
  • Posts: 643
  • Karma: +83/-0
  • Welcome to our ColossusCoin-Forum!
    • View Profile
    • Colossuscoin.org
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #7 on: February 03, 2014, 11:47:01 AM »
I think even a 0.1 % Transaction fee proposal would be accepted by community.

These funds are earmarked for the development and promotion of certain projects.
« Last Edit: February 03, 2014, 01:19:51 PM by Sudo23 »
Donation Addresses:

BTC: 1GGF7vjv1dLEu2oYg9AsRxWavAKSguv6Jh
DOGE: DFyxgUTvA2dVDTNnWH5e2Y2Wat7TSJcHRB
Litecoin:LKodWSwYG45oE8WyDMyZ8osvc2hy9R9hfL
ETH: 0xbd86fdb353cdc900584ff49c1bed03cecf637f44

Crestington

  • Hero Member
  • *****
  • Posts: 835
  • Karma: +29/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #8 on: February 03, 2014, 12:06:09 PM »
At 0.1% we can also make fees more favorable to staking, the ratio of how fees are spread are more important than the amount since we could add in other revenue streams to be paid out along with the fees.
BTC: 189A74yHTNH78ct32yrm8g7yMxUJTShQUe
COL: 2A4QNtiKCNwiPX1xoYk17jxXBES3k2oszg

Crypto

  • Improvement Team
  • Jr. Member
  • ****
  • Posts: 93
  • Karma: +11/-0
  • Welcome to our new ColossusCoin-Forum!
    • View Profile
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #9 on: February 10, 2014, 11:25:15 AM »
I agree a change to a 0.1% transaction fee

Sudo23

  • Founder of the ColossusCoin Foundation
  • Administrator
  • Hero Member
  • *****
  • Posts: 643
  • Karma: +83/-0
  • Welcome to our ColossusCoin-Forum!
    • View Profile
    • Colossuscoin.org
Re: Changing the fee in the wallet fix and open ledger Jan15, 2014
« Reply #10 on: March 26, 2014, 04:28:09 PM »
[bump]
Donation Addresses:

BTC: 1GGF7vjv1dLEu2oYg9AsRxWavAKSguv6Jh
DOGE: DFyxgUTvA2dVDTNnWH5e2Y2Wat7TSJcHRB
Litecoin:LKodWSwYG45oE8WyDMyZ8osvc2hy9R9hfL
ETH: 0xbd86fdb353cdc900584ff49c1bed03cecf637f44