I don’t claim to be a tech expert and I do have my concerns about the RC system, but we’re still quite soon after the fork and waiting for the new system to calculate & reach equilibrium. These costs aren’t fixed and are falling as seen here.
For the first time ever, Steemit plastered a news banner on the site, and “The Steem blockchain was upgraded on September 25th. You may experience trouble posting and transacting while the new bandwidth system stabilizes.” is wholly accurate right now.
The best thing we can do right now, as more senior accounts with greater flexibility to interact, is keep using the chain and feeding the new RC system more data.
At the moment, there’s little to fix. It’s a waiting game. We don’t need to plug a hole in the pool, we just need to wait for the garden hose to fill it.
I’ll consider the new system a failure if weeks from now it hasn’t substantially reduced the cost of small accounts to interact from HF19 levels. Users have needed about 15 SP (delegated freely from Steemit Inc.) to have a standard user experience without bandwidth errors. I expect the RC credit system when in balance, to greatly reduce this number, or else Steem cannot scale up. That’s my fear right now, but I’ll be watching the RC costs fall and cheering on the way down, or sweating & biting my nails if they climb!
I hope you are right and the RC costs fall. Its a big deal, as you so rightly point out!
Currently you need a 7 SP account to make 1 comment a day and that is all that account can do. Before hardfork it was in the 1.5-3 SP range and easily make 2 comments an hour. I hope that those with larger RC holdings make more comments in order to drive the price down.
The witnesses applied a patch to fix the negative RC amounts people had, they basically airdropped enough RCs into the accounts to bring them to 0.
When they airdropped the RC tokens to everyone via patch they should have given everyone a bump to bring them above 0 to double or 3x the amount they gave out so that we could interact and burn them on the way down while driving the price of transactions down.
I was one of those afflicted with a 4 Quadrillion RC deficit that first day! 😂
Most folks are panicking thinking of a simple market system where more activity can only drive prices up, but the RC system is obviously a different beast in its allocation of blockchain resources.
I’m trying to make an effort to be especially active right now to do some small part in reaching equilibrium sooner.
very very good points here @thanksforplaying! I'm with you on doing something as simple as that!