[bisq-network/proposals] Increase BSQ trading fee to get to 0.4% (#103)
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Fri Jul 19 13:42:25 UTC 2019
> The fees are the amount in BTC or BSQ per 1 BTC trade.
I don't know what that means? It seems like an unnecessary way of saying 0.3%. We don't need to reference the 1 BTC measure as that percentage applies to all trades where the trading fee isn't bellow 0.00005 BTC.
The BSQ trading fee should be set in percentage of the trade amount or percentage of the trading fee, not a whole BSQ amount because its value isn't stable. The value of BSQ to traders is how cheaper it allows them to pay for trading fees. "Oh with BSQ I save x percentage".
It's weird to me that the parameter under the proposal in the app appears as a whole value instead of a percentage.
The following formula seems appropriate
BSQ trading fee = (BTC trading fee x current percentage of discount for using BSQ) / last BTC/BSQ price
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