RE: Is it really time to test?

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Interesting stuff. Do you have thoughts on how to prevent speculation on the token that is used for paying transaction fees?



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(Edited)

So transaction fees would be in HIVE in the form of escrow fees. As not everybody buying into the token would have DLUX. Because of this only people buying a sell order, or placing a buy order would pay fees as that's the only entry with escrow fees. The fee's would be exceptionally low for buying sell orders as it only ties liquidity for 3~ish minutes. While placing a buy order could be anywhere from 1 to 120 hours(Very short time limits on these as they tie up liquidity the entire time the escrow transaction is open ended. If the network was shooting for half liquidity utilization: APR of 20%, half utilized at 40%, would be roughly .2% for a 5 day hold. and 0.002% for a one hour hold. I'm not sure what the network would demand and it may be useful to put in the machinery for individual nodes to set their own price... at least that way there would be an active market... However only the agent gets to keep the fees. So there would be a significant imbalance to overcome in this scenario; which would be easy to program around once thought-ware exists.

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Have you thought of using Resource Credits for transaction fees?

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Effectively that's what the nodes are doing. Turning their RCs into transactions by handling escrow transactions. Invisible to traders for every in network tranaction they handle they get a piece of the internal markets inflation

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