Bits - The Unix and Linux Forums (Experimental) Virtual Currency

[Neo]

Originally Posted by CRGreathouse

Probably not a bad idea. I see that transaction fees have gone up since my post, though: 0.40% rather than 0.15%.

Yesterday the central bank reclaimed all Bits from members who have not been active since January 1, 2006. We zeroed their Bits registers and shifted the same amount to the central bank. Because if this, we can lower banking fees.

What do you think the fee should be for transferring between savings and checking?

Cheers.

-----Post Update-----

Today we added the forums MegaBits lottery to the Banking page.

[CRGreathouse]

Originally Posted by Neo

Savings accounts pay interest, current around 0.50% interest every 30 days, which is approximately 6% per year.

0.30% per 30 days now, which is about 3.7% (compounded) per year. Of course there's a deposit fee of 0.15% (and a withdrawal fee of the same amount?) so moving things back and forth isn't a good idea.

[Neo]

Originally Posted by CRGreathouse

0.30% per 30 days now, which is about 3.7% (compounded) per year. Of course there's a deposit fee of 0.15% (and a withdrawal fee of the same amount?) so moving things back and forth isn't a good idea.

Ah, interest rates for Admins and Mods is 0.50% interest every 30 days.

I guess we should raise the interest for Registered Users or lower the transaction fee between the two accounts?

[Neo]

Yes, rating a thread/post effects the algorithm used to calculate the priority of the URL in the Google Sitemap.

Cheers.

[figaro]

The table at the following location can be posted into a sticky with automatic update as we continue to experiment with levels of bit-awards that we are comfortable with?
Bits - The Unix and Linux Forums (Experimental) Virtual Currency

[Neo]

Originally Posted by figaro

The table at the following location can be posted into a sticky with automatic update as we continue to experiment with levels of bit-awards that we are comfortable with?
Bits - The Unix and Linux Forums (Experimental) Virtual Currency

Done, Current Bits System Awards (Alpha Release)

[mgessner]

The lottery drawing date still says 6-18-2009... I'm pretty sure that date has passed

When is the next one?