New users need Resource Credits to operate on the blockchain.
To get RC's right now you either need to buy STEEMPOWER or lease it.
Buying RC's in the form of (your own) Steem Power is still fairly possible with STEEM at 80 cents.
If you need a 100SP that will set you back $80 which is ok for most.
Now when STEEM goes up in the future lets say to $80 that same amount of 100 SP will set you back $8000 dollars.
That's a problem.
Luckily new users don't need SP they only need to have RC's in their account to operate on the blockchain.
How will they get these RC's?
Two ways I could think off.
Delegated RC's from projects or High SP holders to new users.
Lowering the cost of RC's with an increase in STEEM price. (when 1 STEEM is $80 and it buys you the same amount of RC's as 100 STEEM at 80 cents that could compensate)
These are some of the questions and ideas I'm thinking about and I talk about it more in my vlog.
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Hey @exyle! First of all, I'm glad to see more of these vlogs again, I've missed them! They used to be my daily dose of the Steem blockchain way back when I was getting started (over 1 year ago now)... Wow does time fly!
I love the question you pose here about RCs. I do have a few ideas for the future and how I believe RCs will play a role, this may be long, so here we go:
1). Addressing the concern of new users and people with little to no SP:
I believe (and I know from your vlogs that you do as well) that DApps will become the primary way that people interact with the Steem blockchain and will be the source of the need to transact on the blockchain (SM battles, posts, videos, steepshot photos, etc.). Thus, the DApps (in my opinion) will bear the responsibility of "issuing" RCs to their users. I have a few different ideas for how this may work but what I consider to be the most valid idea is this:
DApps will have a massive need for RCs. They will get their RCs by leasing SP from delegators, buying STEEM themselves and potentially renting RCs exclusively (should an RC delegation option become available, which I think it will). I believe that through a combination of these methods, individual DApps will create their own large pools of RCs from which each user of their specific DApp will draw from for each transaction on the blockchain. There will need to be some sort of system for these users to simply "borrow" the required RCs from the DApp pool in order to make their post - which I think is a likely addition.
Now that begs the question of how the DApps issue out RCs (from their pool) to their users. I believe they'll do this based on the stake that their users have of their token..
Here's an example (using very simplistic numbers): Steem Monsters would issue SM token and determine that anyone with 10 SM tokens grants them access to the RCs (from the Steem Monsters pool of RCs) required to make 10 transactions on the Steem blockchain - in the form of battles, card sales, packs etc.
Each DApp will have their own parameters for the usage of RCs based on how many tokens their users hold in order to keep up with the regeneration of their RC pool versus user activity ratio. I imagine that DApps would actually love this feature because it would cause an added benefit and therefore, an added demand for HODLing their token and will drive the price up.
2). Addressing the question of the cost of actions on the blockchain with a rising STEEM price:
I'm not exactly sure how this would play out, but I'd imagine that an increase in the STEEM price would inherently lead to a decrease in the cost of actions in terms of RCs... The higher STEEM price would mean a higher barrier to entry and thus, a decreased amount of usage of the blockchain by smaller holders and the RC system (to my knowledge) is constantly adapting to the level of usage of the blockchain, so the RC costs would decrease slightly - though I'm unsure of exactly how much it would decrease and if it would at all if I'm right about these "DApp RC pools".
Though, if I am right about the "DApp RC pools", then the need for the individual to buy STEEM is not as prevalent anyways.
To wrap this all up, I like to compare this idea of "DApp RC pools" to an idea that you've mentioned many times in your vlogs about how the Steem blockchain is becoming less and less about the individual creators and users and more and more about the DApps:
If you follow this line of thinking and consider the blockchain to be a 2-layered system:
Anyways, those are just some of my thoughts. But damn, that ran way longer than I expected! Please keep it up with the vlogs, I love that you make us all think long and hard about the Steem blockchain! It's very valuable!
First of all thanks for your great comment. It adds and raises some cool points and other things.
1 - If SP Becomes too costly for a Dapp/Community to buy then they will have to get RC's from somewhere else. Renting them wouldn't work unless you can delegate rented RC's.
Filling up pools could be a very cool solution and is something I think I remember ned mentioning. That would make sense. Create an RC pool for an app/community and it's users to tap from (maybe according to stake).
2 - I do believe on-boarding and usage responsibility will be put with the dApps themselves. I hope it won't be too costly for new apps when the price of STEEM goes up to get started. Then again...they don't need much at the start...only when they grow.
Lot's too think about!
Thanks for a great comment once more!
Thanks, I'm glad you thought so!
I just read a post by Acidyo a few hours ago and he mentioned that we are now going to be able to delegate RCs (I'm assuming that he means we'll be able to do it sometime in the near future, unless he's got some sort of info that we don't!)
Link to Acidyo's Post
It's interesting and it seems that we all kind of have the same ideas around this issue. I'm really curious to see what comes about as we begin to solve the issues and hopefully onboard a significant number of users.
Yes, definitely - the dApps will be able to scale slowly as their users increase and they'll likely be able to work out some sort of structure with their token allocation to help them garner more RCs as usage from their "pool" of both RCs and account tokens increases.
My pleasure, thanks for taking the time to respond, it means a lot that you're always around and consistent about bringing positivity and knowledge to the Steem community ;)
much to talk about and there will continue to be for long time coming. Then, in years to come you'll really have the expert badge to wear --if it pleases you to wear it!Hello @exyle! Two vlogs in a row. What a fun week! Thanks for mentioning me in your blog yesterday. I didn't at all want to make you feel badly though. So sorry if i did that. I just simply do miss your daily posts. But, it's more important that you 'be you'. Your life has had lots going on over the past few months. Sometime change is a great reprieve. When i began being a teacher i had to go through this thing where i was saying the same thing day after day and to be honest it messed with my mind a lot. But, you see listeners enjoy hearing these things, which is why they keep coming back. And, no two days of teaching are ever really the same. There's always something to offer which is unique. Once i understood that, it felt much easier to be repeating myself. It was something i had to understand and process as a facilitator. Sharing of your expertise is appreciated and respected because you have a long track record. I really appreciate your educated practiced shared wisdom in the areas you speak of. Glad to hear i am not the only one. But, yes you do need to genuinely feel good about what you're doing! There's so much happening in the blockchain space there's
Thank you for your comment and the advice! It's appreciated!
You're welcome Mark! Thanks for being YOU 🐶💪☀️🥗🥇
I got introduced to steem with steemmonsters and after a few fights I was not able to comment, had to lend a bit SP to be able to do some action. Maybe there should be some 2 weeks trial unlimited RC version of it
Welcome! Lucky name grab there,surprised steemgeek wasnt taken ☺
I hope we get it sorted for people like yourself, and great that you are here!
steemgeek was already taken but not thesteemgeek :)
I was too lazy to be precise hahahahah
I was just wondering, how did you learn that was your problem? I'm very interested in new user experiences through on-boarding from different apps.
it seems like the battles with steemmonsters taking a big part of all transaction on steemit. I started with 0 sp so could just make 3,4 comments and few battles and had to wait till the next day till my RC regenerate, It was bit wierd that I was not even able to contact someone or text for help till I got the SP, especially on the first day on steemit this was not great.
I guess the RC was introduced to block bots or spammers to create new accounts and make unnecessary transactions on the blockchain, but also creates the problem that you must have SP to get the full experience, so maybe some kind of free trail RC wouldnt be to bad to begin with.
Thanks for letting me know!
Interesting but then new people might just come and Spam for the first 2 weeks - thats what we want to avoid
RC's are ultimately decided by witnesses. If ordinary users (as opposed to spammers or power users) are being constrained, we would be expected to increase available RC's and bear the increased costs of running a node.
If ordinary users need a delegation to get the required RC's to use the blockchain, we're failing.
Although perhaps if we really get big, the resource usage of an ordinary user will be much higher. In that case, we may expect ordinary users to need to own a certain level of stake or get a delegation.
Yeah I completely agree. We need to make it as simple as possible for real new users to come online and become a part of the community. The witness protocol and Community for each Hive there of is the best methodology for allocating scarce resource credits.
How much SP do you think is sufficient to keep in my account for RCS? Im going to deleagte some SP - I was thinking of keeping about 100SP in my account would that be enough?
It's hard to tell. Because I don't know how many RC's you use in a day to day basis. I would suggest you check steemd.com/@conradt and make some calculations over a week.
Glad to see you started to do more vlogs about Steem again!
You've thought of a very interesting correlation between the price of STEEM and RC availability to newcomers. Yes, completely agree as price goes up, nobody will pay large amounts of money for basic functionality, so an "equilibrium" needs to be found in this area too.
Costs incurred by cheaper operations on the blockchain in terms of RCs would probably be balanced by the raise in the price of STEEM.
One small concern for lowering costs of operations in RCs as price goes up is: would spam re-become an issue or would that be handled via different means, like Hivemind/Communities?
Spam was mostly caused by the ones not invested. I'm assuming that when ppl invest they will want to be part of the blockchain and help it grow. But I could be naive. I need to think about it more.
These are great thoughts to think about in the future. I suspect that communities will surely become an important part of the ecosystem as they create accounts for new users with the new capabilities hiven since Hard Fork 20. They would probably give more bandwidth to these accounts so they could perform transactions while they onboard. I would require users to go through some tutorials to get RC delegations though so that they are aware of how the system works. I personally also have an excess amount as well and think that many that do would consider doing something similar as adoption increases. The idea of having an inverse relationship between the price of Steem and cost of RC use is good and given that this is a witness determination is at least good news because it can be implemented or adjusted quicker.
Lowering the cost of RC's with an increase in STEEM price. (when 1 STEEM is $80 and it buys you the same amount of RC's as 100 STEEM at 80 cents that could compensate)
I think this is the best solution to solve the issue.
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Me too
$80?
Talk about $10 first. Come on.
$10 - we gotta get to $1 first
Hey. In live we gotta aim high! :)
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maybe they should make it in sbd and not steem if they can make sbd stable at 1 dollar. In general every new user must have the best possible first experience if they dont like it on day one they will probably not come back ever again, not sure if this Rc is really needed. In my case I have 99 percent unused RC but people who start they are not even able to leave a few comments or upvotes, and it seems like a first "paywall"
Great point! We definatly should adjust rc price to the steem value.. And easily 80usd per Steem in 5 years ☺
You are right, newcomers should have delegation from whales. I think @nathanmars understand that and that's why he is delegating to a lot to newcomers and minnows. I hope more whales will help him in his mission. Please take a look at his work. Thanks for caring about the future of steem.
steem at $80 ? a man can dream...
To reassure you somewhat, you said in the past there wouldn't be much point in you make steem vlogs but thats not true, there will always be development from steem and also new projects that you can talk about.
You also should bring up voting for blockbrothers more in your videos as a lot of people don't even realise you can vote for witnesses lol.
Good points! It is hard to determine what things are going to look like right now because the market is so fluid and unpredictable. Having a plan going forward is a great idea though so we know what to expect and so they can take care of issues before they arise.
Sure, I see that the change in the resource credit is a not positive way. It means back to past. We need to find another way. The delegation could be a good way, indeed the @steem account delegate 15 sp to the new account, why not to delegate more than that? However I think that the way in which the platform works in the beginning with the #introduceyourself post, in which is supposed that the new user get support, could be even a better way, something like gamification of steemit, allowing teach to the new users to play with the platform and support them through the votes, all of this in a squema of abundance and liberty
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Time to stack up steem and think for the long term :D
Well, that's a possible solution. I had forgotten that now new users don't receive the delegated initial 15SP. Being new on the platform with 0SP must be difficult
$80 Steem. Oh yes, I could get used to that.
Hi friend excelente job. I like your vlog. <3 Blessings!!
reality for new users with HF20.
500+ SP it makes no differences with your RCs but the less RCs you have the more it makes a difference. The majority of users here are still the Plankton and small fish.
More detailedly I adressed this below the steemitblog in this comment. At the end of this comment I also linked to a comment from a more experienced user.^1 (By the way there is also the question: Will RCs inflate or remain approximately the same level? If they don't inflate and everything remains as now, an increase in users will mean RCs can even do less. Thus same price you have to pay more.)
Yes, I have seen the 20x change for steemmonsters, which is a step in the right direction.@exyle I get more and more often puzzled by how far away old and big users are from the new
Most users who will see that they can make only like 3 comments a day (and that is only true for small ones; biggers will cost more - don't know how this is calculated yet and maybe additionally influenced by links, embedded videos and uploaded pictures) will not buy steem but simply leave again.
What thesteemgeek wrote is the absolute exception and even he might be gone soon because of this.
10 Steem as delegation by steemmonsters for RCs is great (I know because of a friend).
But you still then can forget commenting, voting, following, posting etc.
It is either playing or publishing not both.
And even then playing might soon become a difficulty.
So to write/publish or simply exchange thougths between gamers about steemmonsters you will have to go to a non-steemit-plattform. That, if nothing else, should make you thinking.
80$ okay for being capable of reasonably interacting on a plattform?!? Have you no idea how delusional this looks to starters or people from countries where a Dollar is a lot? I won't start the Venezuela discussion...
^1 please, if you care about steemit, read this and the other comment linked in there. I don't ask of you to answer the questions in there but please read. Watching this and your recent video, made me realize something: confirmation bias. Reasonable critics - especially the reasonable ones, not the ones: everything is always bad - will simply leave after some time (and a lot thus already have).