Blurt Monthly Witness Fees Discussion - JUN/JULY

in blurt •  3 years ago  (edited)

Today @jakobgadikian wrote in his post about the fees that are set by witnesses, and then the average median of that is calculated and applied for transactions.
Check his post for more detail

https://blurt.blog/blurt/@jacobgadikian/transaction-fees

Fees for Posting and Financial Transactions

Before I start let me tell you about the fees. Fees were introduced as a measure to stop spam and plag accounts, during the attack on Blurt last year. The fees were a way for the defense, but many witnesses don't know this.
So, I am writing this post to let all witnesses know about this.

The fees can be changed anytime by a witness and as per his decision, he can keep it higher, or keep it less.
Some users have the misconception that it can lead to the users leaving blurt, but no, because it can be controlled like, the tokens fees, controlled based on token price.

As this is already month end, this will be taken as discussion for June/July fees. I declare this account to use for monthly discussion for fees.

Let us all discuss this here and every month, we change the fees. This helps the community to know witnesses are active, plus we can make sure, fees are changed based on condition.

For this month we have issues

  • Increasing fake accounts
  • Increasing Plag posts
  • people abuse with long comments

I don't say, a fee is a permanent solution to this, but a permanent solution for money, as you can only buy that much of what you have in your pocket.

Let them do the same with high fees, making their blurt spending faster, and benefit to us is more burn.

As more tokens burn, less supply, and more value for tokens.

If you see the current price of blurt, increased fees will still be lesser than what it was with lesser fees and a high token price.

So, this will also help pump blurt price.


My fees

Account Creation Fee: 100.000 BLURT
Operation Flat Fee: 0.010 BLURT
Bandwidth Fee: 0.600 BLURT per kB

I am leaving a poll in the comments.

Just vote yes, if you changed the fees and reply to the same comment about how much fees you have set.

Just vote no, if you don't plan to change the fees, keep it the same and reply on the same comment with your current fees.

This account has no personal posts, so will work as a record for fees discussion. Please have a healthy discussion around here.

Thanks

Inviting all witnesses

@saboin
@blurtlatam
@megadrive
@zahidsun
@tekraze
@eastmael
@busbecq
@imransoudagar
@kamranrkploy
@blurthispano
@ilnegro
@freakeao
@kentz001
@techcoderx
@cosmicboy123
@gamer0815
@jakeminlim
@actifit
@ionomy
@randula
@bestkizito
@alejos7ven
@nelkeljdm
@contrabourdon
@outofthematrix
@blurtlive
@nabeeel

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  ·  3 years ago  ·  

Vote for yes and share here changed fees

  ·  3 years ago  ·  

Yes.

Flat fee: 0.100 BLURT
Bandwidth fee: 0.750 BLURT

Yes.

Flat fee: 0.100 BLURT
Bandwidth fee: 1.000 BLURT

Flat fee: 0.050 BLURT
Bandwidth fee: 0.250 BLURT

Here is my profile on LinkedIn: https://www.linkedin.com/in/clean-energy-disruption/
Too much work history and experience to mention...

Best focus on the Barrier to Adoption in your Market.

  ·  3 years ago  ·  

Yes.

Flat fee: 0.100 BLURT
Bandwidth fee: 0.800 BLURT

  ·  3 years ago  ·  

then the average of that is calculated and applied for transactions.

It’s the median, not the average.

  ·  3 years ago  ·  

thanks for correcting me

  ·  3 years ago  ·  

Vote for NO and share here current fees

Just voted for you as Witness. Good Luck.

Will Artificial Intelligence End Human Creativity? #Added @ AI Design Theory QE Dojo https://blurt.blog/ibor/@cleanenergygarro/will-artificial-intelligence-end-human-creativity-added-ai-design-theory-qe-dojo