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    Author Topic: OLD FLY THREAD  (Read 163754 times)
    Griffith
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    December 12, 2015, 01:34:26 AM
     #2401

    Exchanges surviving and prospering is another debate, in fact the answer to that is simple, they need to charge transactions fees per trade,
    but what they are failing to do currently is what the normal stock exchanges do.
    All Stock exchanges also charge a fee for you to be a member of their exchange before you can trade, even the low cost range from $8 to $20 per month.
    Crypto exchanges need to do the same if they want to survive, ( $3 to $5 per month per member) to know I am trading on a stable reliable exchange, that is not shorting my investment to make money is a no brainer.
    FYI:
    One thing to point out , is the Antidumping fee is a large part of the reason for this coin, so any allowing of exchanges to stake for free is completely opposite to this coin's stated antidumping goals.
    a lot of traders dont do enough volume to want to have to pay to be a member of the exchange. thats why im in the position of free exchanges but they get to stake. i wouldnt pay any exchange money to use them. id just stick to only btc and use coinbase and stuff if i had to pay monthly to trade altcoins.



    Problems with only an exchange being allowed to have non-staking addresses, is the following:
    It does not let users store fly in paper wallet without suffering the penalty.
    It does not allow any real commercial use of the coin ,without that its appeal will be limited.
    One Important difference if you hold your coins in a non-staking address in your own wallet instead of leaving them on the exchange is, if the exchange goes under, your coins are not lost with it.

     Cool

    exchanges werent the only ones allowed to use the exchange address with my proposal. i was just calling it an exchange address because it was designed for the exchanges to have no withdrawl fee in it. everyone always had the option to set thier wallet with exchangewallet=1 and create one of those addresses. i am 100% AGAINST storing coins on an exchange. its such a stupid idea. the most i ever hold on an exchange at a given time is .2BTC cuz thats the most im willing to lose. the whole point was to have a user withdraw off an exchange to a normal wallet. (normal wallet because originally i had it so if you send from 1 exchange to another you still pay a fee. but this was brought up in the FLYTEAM chat that this is a bad idea for hot wallets and cold wallets so i correct that point).

    so at this point it would be to have a user pull off the exchange to a wallet.


    back to the point
    which brings us back to the only real difference between our two solutions is the ability to stake in the no send fee wallets. and as far as that goes id like some other opinions. so anyone. feel free to comment

    (lookin at you vegas)
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