RFC-000-013: Raise Minting Fee to .3%

[preston]

@FanaticalFishing

Many of us would argue that your proposals have the opposite effect of creating value for Dark Node Operators. And since you are not a dark node operator, you can simply dump if things didn’t go as planned. We cannot .
One only need to look at the REN/BTC chart to see that increasing fees has done nothing to increase the value of REN and therefore the value of Darknodes. Yet you want to increase the fees even more. Isn’t that the definition of insanity? Trying the same thing again and again expecting different results?

This is false, the below value was created for Dark Node Operators.

Epoch 8 - DN income was 5.23BTC greater than if fees remained at .1%
Epoch 9 - DN income was 6.29BTC greater than if fees remained at .1%
Epoch 10 - DN income is already 7.69BTC greater, and we still have 7 days remaining this epoch.

In total, so far since we voted in fee increases we have created 19.21 BTC in additional value which in USD at $33,000 is $633,930 in value created by raising fees. This represents 29.8% of the total BTC earned by renVM since launch. A healthy and worthwhile amount, and hopefully others who argue against can see how much their decision not voting in support would have cost us.

More can be said about denying the fee raising of the BURN rates back on Epoch 9, from this proposal RFC-000-007.

This has cost the network based on BURN volume a total of 15.47 BTC or 23% of total income. So, looking at the numbers, the anti-fee raising vote has cost the network $510,510 in USD @ $33,000.00.