@Hodor I will miss my fellow GOT fan....thank you for making me feel welcome when I first joined xrpchat. I recall your post asking what everyone thought of your idea to start blogging...it was met with great encouragement because your posts were very well informed and you... a joy to interact with. Look how far you took that....you’re famous.
Best wishes for your future.
Reserve not included in the XRP balance.
It's really unintuitive to have the reserve included in the XRP balance when it's not actually usable.
Easier said than done.
In addition, Transaction Fees to be taken from the Reserve.
It would allow accounts to be much more easily read and audited (at least from a human's perspective). A lot of transactions become awkward when you need to take the transaction fee into account. Nice, clean, integer amounts become unwieldy. e.g.100 XRP - 20 XRP - 0.000012 XRP FEE = 79.999988 XRP vs 80 XRP - 20 XRP = 60 XRP (and a hidden reserve balance of 19.999988).
Since transaction fees are so low, the average user will never need to worry about their transaction fee ever again. At today's fee of 0.000012, your 20 XRP reserve would be enough for 1,666,666 transactions. Even if the fee increases you're still unlikely to run out unless you're a large organisation.
Takes a little of shine off of the DAG coins (e.g. Nano). Wallet software designed for public use could probably get away with hiding the fee section of the transaction altogether. Feeless might be best, but so-cheap-and-easy-that-no-reasonable-person-would-care, is not far behind.
FROM USER @Khaleesi: there would be less complaints about the Reserve being lost value.
Again, easier said than done. I don't really know for sure, but I assume this would be a major change to the XRPL, requiring a huge effort to pull off.
It would also need a new transaction type for recharging the reserve when it runs out.
FROM USER @Dario_o : It makes it cheaper for a dedicated spammer to spam the network. Since they were going to pay the 20 XRP in fees anyway, they essentially get the account for free.
EDIT: I think these changes are objectively better than the status quo but it's probably far too late in the game to be making complicated changes like this.
Anybody know whether this is legit or not ?
...Seems to be so, as even CryptoEri mentions this in her youtube session today: