phelix wrote:also transactions below 1k should have a fee by default.
So, no free transactions anymore ? That's a "radical" change in the bitcoin philosophy : free if possible. What is your reason behind ? Simplify anti-spam a bit ? Namecoin was not designed to be mainly used as a currency, so we don't need to favorise free tx ? Or do you mean "should have a fee by default" but can be fee free (like that, tx from most people have higher priority) ?
phelix wrote:spamwise this change would not make a difference because a spammer could either create large or even more small transactions? So 9000 sounds fine.
Bitparking & MtGox: 0.0393 USD/NMC
Both fees should be higher by at least a factor of 10 imho
At the beginning of namecoin, a main question was "how many names at the end ?". The answer was 22 millions divided by a name_new price (so 2,2 billions).
22 millions of names should be enough for a long time, so a name_new could cost 1NMC and it would still be a more than reasonable price (0.0393 USD). If namecoins value increases a lot, there still a giant step before it become expensive. When we'll arrive at this point (in several years), we will need to adjust price again and make a full network update, and same later, etc.
Is this really useful/needed ?
Maybe leaving this as it is wouldn't change a lot of thing.
Note : after a name has expired, i guess you should be able to spend the previously used 0.01NMC of the name_new.
Standard fees are designed to be floating, adjusted by miners to decide if tx are included or not (or prior to another tx). But, namecoin currently costs 600M of hard drive and some cpu to miners. Will they really adjust fees for that ? (we have seen they don't). Also, fees exist to replace coin generation later and limit spam with some dedicated rules.
With 0.20NMC = 0,00786USD :
- A 5k tx would cost 1NMC, a 9k tx ~2NMC.
With 0.10NMC = 0,00393USD :
- A 5k tx would cost 0.50NMC, a 9k tx ~1NMC.
With 0.01NMC = 0,00393USD :
- A 5k tx would cost 0.05NMC, a 9k tx ~0.10NMC.
But, with a minimum fee of 0.10NMC, it means it would not be interesting to exchange small amounts of NMC, if free tx are forbidden. And, miners get small amounts of namecoins, people buy names with small amounts, etc.
I'll read later our previous discussion about that to have cleaner view about this :p