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RE: Fees Collected on the BitShares blockchain through August 2017
So why are operational fees down so much in the last 6 months? The second chart shows it goign from 4 million to one million?
So why are operational fees down so much in the last 6 months? The second chart shows it goign from 4 million to one million?
This is a good question especially because the number of operations has increased so significantly.
Note that the BTS fees are equal to the number of operations multiplied by the BTS fee per operation. Yet, the BTS fee per operation has been reduced by the committee over the 2 years because the USD price of BTS has risen. Consequently, the BTS fees collected has reduced. Eventually, I will produce a version of the report that denominates the fees in another asset such as USD so that the fee profile will be more intuitive.
So those operations that are not transactions are actually things linke canceled transactions as you state (43%)? So could you say that means a lot of people are learning how it works? Who is doing the analytics?