In order to offset the costs of hosting a delegate and to incentivize delegate competition/participation, we will need to set the appropriate transaction and account registration fees. By compensating delegates with fees alone (no dilution), we will be necessarily centralized in the short term (similar to BTSX's "init" delegates). Here are the topics for discussion:
1) What should trans/reg fees be? I propose at least 1PTS for transactions and 5PTS for account reg (after scaling to 1Billion PTS of course).
2) Should we charge a higher fee amount for account names that are less than X characters (cube's idea I believe)? This would also help to generate higher revenue in the short term while adoption/participation is low.
3) Should we implement pc's idea of setting a default vote percentage to the initial delegate stack (eg, 3%) so that malicious entities don't try to "rush" their delegates in before participation picks up? I say yes.
Those fees will be extremely low after scaling to 1 billion, unless you're talking current PTS here?
If we assume a market cap of 1 million $, 1 PTS would be worth $0.001, 5 PTS would be $0.005. While I agree transaction fees could be kept low, my preference would be for higher fees, especially for account registrations.
10 BTS is about $0.2 and Bitshares has tons of spam accounts already, having it much lower than that might give huge amounts of spam accounts.
