We can ALWAYS lower the fees, and have a happy community, BUT we can never raise the fees without a very unhappy community.
You guys have forgotten that we got Bter to lower their 1% fee to .5% and now .05%. That alone has saved a lot of XCR for you all, including a major investor that had 5 million XCR on Bter. That would have cost 50,000XCR just in the Bter fee to withdraw, but now it is only 2,500..... a savings of 47,500XCR.
I get what you're saying. Once a fee is established even if very low, if you ever raise it people will cry.
So better to start on the high side cause you can always lower it
Problem is I don't see how .5 or even .1% can ever be the fee for any crypto currency.
The Bter fee lowering was a great job. Even though I withdrew the majority at 1% and the rest at .5%.
But that has nothing to do with a hard coded .5% charged for all transactions involving spending Cryptis through the network.
Maybe with custom blockchains developers will build some really great stuff on Crypti and have a network effect advantage?
Therefore, just like we all have no choice but to go through bitcoin first, everyone will have to go through Crypti to access it?
So then a .5% fee would be accepted because there are things people need to access that are exclusive to Crypti.
If something like that were the reason for the .5% then at least I could understand the thought process.
Whether the community agrees would be another story.
I'm putting my thoughts whenever I have one out there so that like Grexx said, the team sees it all while making decisions.
I feel pretty confident whatever you guys end up deciding because you heard all the different sides.
I'm pretty much done on this subject. All I ask is for you guys to put yourself in the shoes of the typical
crypto user/speculator, the average Joe who loves his fiat, as well as delegates who will make the network rock solid dependable.