When the 0.1 fee will be fixed ?
When we replace it with per-kb fees.
Just please make the fees high enough that the blockchain is not sold out too cheaply. It is possible to lower them when the price rises. The recent decision to up them by 20x did not lead to price crashing.
I would like to hear your specific suggestions with supporting analysis.
If "you" was singular, I'd like to know many variables first, to start to analyze it:
- number of tx per day
- distribution of the sizes of tx, how much user can affect it
- does mixing factor affect it
- is there any reason to compete for space in 1 block as with Bitcoin
- is there any way the user could/should be able to affect the fee
- how did the recent 20x increase of fee affect tx
- what is the realistic upper limit of blockchain size now, in 1, 2, 3, 4, 5, etc years so that it is still usable
- blockchain prunable to what extent, when?
After these, I proceed to calculate if there is any need to limit the blockchain usage or if the antispam is the only reason for fees. If the limiting is required, then it takes some time to try to develop a "lifespan" for the coin by probably subsidising the fee now so that later Monero is so big that we can face the problem with larger resources. But I won't go into specifics without getting the information first.
ADD: Before even seeing the facts, I would say that there exists the following usage:
- Transfers. These are quite large and not much affected by the fees.
- Payments. These may be small but can be reconfigured such that they happen less often, which would reduce the usage given higher fee.
- Micropayments. These proliferate is the fees are small, and become uneconomic if they are raised. I don't believe there are many micropayment innovations functioning in Monero, and by keeping the fees high there will not be, either. It is a new thing that has not existed before, but seems that Monero blockchain is not the right place for it.
- Spam/Attacks.
If fee is set so high that people are grudging when making a transfer, it is a problem because they sell out of a coin that is too expensive to transact with. If fee is too high for payments, the coin loses economy/services. There were never any micropayments to begin with.
I am not a fan of high transaction fees. After all, the low transaction fee lead to the latest successful attack - and that is a good thing! With higher fees that attack might not be feasible - true, but this just means the attacker would be a future force with more money in the pockets.
That is why i propose: keep the fees low, give attackers a chance to attack. After all it makes the coin so much more secure and our devs handled the last attack so well!
