HF20 will come eventually and with it the need for a new way to onboard people into steemit. The standard faucet hasn't been a great solution as several have taken advantage of it. There may be some 40,000 accounts that existed simply to drain 6 steem each from the opening. In order to combat that in the short run wait times have been increased and onboarding people may take as long as two weeks and still costs steem. It's less than ideal.
A great solution
The Steemit team has come up with a plan to create tokens that can be used to create new accounts. They note in the blog in order to reach the heights of Reddit they will have to climb the mountain of new users that would come on board. To bring 100 million people they would currently need hundreds of millions of steem. Considering only two hundred and fifty million steem even exist the challenge is formidable. And so they thought up a token system and would use those tokens specifically as a way to add people to the platform.
We want to add a daily quota of discounted accounts. These accounts can be paid for with a combination of STEEM, bandwidth, and mining. Yes, mining. We believe that the ability to mine an account into creation was a fantastic feature of our hybrid proof of work system that was lost when we removed proof of work. Mining will use Litecoin's scrypt algorithm as it is battle tested. This will only be used for creating accounts through the discount system and not for block production.
The level of discount will be dynamic based on current demand to prevent all of the accounts from being created instantly. Witnesses will vote on the daily quota so that we can scale this system alongside our growth. This system will run in parallel to existing account creation.
That's great, but I have a concern
The approach they envision now to generate and distribute those tokens is through mining. That to me is a great travesty. While I myself mine and enjoy it quite a bit I'm not inclined to believe it is an approach that leads to equality and a healthy distribution of steem on the system. This is especially important on a platform already plagued by a terrible distribution.
My article on @freedom helped me reach this conclusion. If those that mine have the ability to make 6M steem and those that don't know can't mine then it creates an inherently dangerous situation for equality. Maybe some folks aren't concerned, or would share that it's a problem that Cryto has always had, but those people aren't working to grow 3,000 minnow accounts. My concern is for the everyday people of this platform. We need to appeal to Joe the Plumber and not just Linda the Linux admin. If you want to grow and you want to grow fairly then I don't like this aspect of the plan.
When I asked about it one answer was that's it's easy to just go through cli_wallet and mine. For a dev that might be easy, but for the moms and dads of facebook you're trying to bring over you might as well ask them to rewire their house. I have minnows that can't register with a Discord bot after 5 attempts and who couldn't figure out if they had successfully voted for my witness when I was below 50. While a handful of people may be able to figure mining on the platform the result will be a new avenue for distorted wealth creation will arise. Even worse there's the potential that Steemit may pick which groups will be able to use these tokens or make them non-transferable so that only those who mine may benefit perpetually excluding those that aren't born or trained to the technocracy.
An alternative: Stake weighted voting a la Witness Voting.
Stake weighted voting is one of the greatest ideas that's come along in governance. It's far better to allow the community to decide where the tokens should go than to allow the limited few with mining competence to bear all the benefit. The chain and the witnesses can tweak how many new tokens need to be created to have a healthy supply, and a new group of token generators can be voted on to decide who will receive the tokens. I imagine a system where some 1000 or even more people could be voted in and earning a stake weighted proportion of fungible new account tokens.
Instead of having these in the hands of just a few miners and developers these tokens could be in the accounts of thousands of users who can then grant access and use their network to invite new users. This could be a decentralized system for account creation. Otherwise you're allowing a handful of web developers to have access to account creation which by your own math you value in the hundreds of millions. How is that in the best interest of the Minnows in the Pond?
We expect the majority of accounts to be created by Steemit and our partners cheaply using stake. The account creation process will appear similar to what it is today with a fee and proof of work field. To create an account via stake, all the creator needs to do is not include a fee or a proof of work. If the creating account does not have enough stake they will need to include an adequate proof of work or STEEM fee to cover the difference. We will provide APIs and tools to calculate how much of a fee is necessary. To create an account without a creator, no creator will be specified in the operation and will include a proof of work adequate to cover the entire fee. If the dynamic cost is too high, regular account creation will be an option. To end users, this will appear identical to what it is today and only affects developers wishing to sign up new users.
I'm sorry, I have no much time at this moment to read all of this and tons of comments but I think you are misinterpreting the idea.
It has nothing to do with distribution of STEEM. That mining is for sole purpose of account creation, nothing more.
Ability to mine your own account through mining (as I did with mine) is an awesome feature that's currently missing because there's no longer PoW on Steem.
Mining would be back but only to be able to create an account, not to get rewards in STEEM.
Right, but new accounts are worth something. So, those that can mine can make new accounts and those that can't wont' have access. Eventually you're putting 100 Million new account creation tokens in the hands of miners and not in the hands of the general public. That's how steem will get involved. You'll either pay for the new account or you'll pay for the mining. One group will get rich a la Freedom, and the other group will get left in the dust.
Who said those accounts were going to get something?
Mining is not the only way to create an account. You can pay with STEEM or, if you have enough Steem Power, your stake can create an account without losing anything yourself. Adding mining is not about funneling account creation through a single method, but opening it up through multiple methods.
How does that favor non-texhsavy new users? You are stating the obvious that we already know and missing a relevant point here which is, we need to ensure an ease of account creation for users. Steemit must be user friendly, otherwise ... Its weird how the devs are just not getting the general point.
sighs .. I know nothing about mining
that's sad news
but maybe they'd post tutorials?
oh who am I kidding we don't have time to do that either
more sighs and deeper ..
am one of those "no tech- genius" here
Yeah even with the right tutorials I'm not sure I'd make it there. And I've been here a year and dont' entirely suck at these things... i don't know how Mary the Facebook Mom is gonna figure it out.
I agree with @gtg said... nothing more to say... it was very clear with my same comment....
Alright, from what I understand of what's planned, there's some misconceptions here.
Where is anyone talking about a token for account creation? I haven't heard that anywhere.
From what I understand regarding mining and accounts is that you'll be able to set an account name in your steemd node, specify a public/private key pair for it, and then once you find a block, that account is created. This is how it was when Steem first launched and I assume it would be how this new system would work.
a big issue with users new to steemit is the huge learning curve. Even to someone who is familiar with crypto its a tough learning curve.
I agree, I came in knowing nothing about crypto and I still am learning new things every day a month later
Same here
Problems arise when we have too much faith in humanity :(
I've signed my brother up twice. The first time did not work out. I'm still waiting for a response for the second attempt. Nothing so far :(
Mine took a week. When I did not hear back, I had to ask a friend for help. The waiting sucks... lol
I agree and I studied math...! What about invitations? Sort of like an MLM strategy, you invite new users and if they add quality content then you get a piece of the pie for the first say 3 posts?
I also agree
Yeah but it will one day be SUPER user friendly, like easier than Instagram easy...
It already IS the MOST easy crypto currency to use EVER! NO bitcoin or ethereum wallet can let u just send and recieve Money to a username like this! No complicated crazy long address to send to! just a imple usernme! were the only blocclchainaltcpins with that! were more advanced and more efficient than bitcoon!
once we have Bitcoinnd ethereum in our Internal SBD/Steem market the game will be over and steemit will sart eating the llunh of poloniex and bittrex and we will have a amazing advantage!
we will attract alls orts of users who want a simple easy to use wallet wth Al their coins! imagine being able to keep ur bitcoinss ethereum ec20 and any tokens here in your steemit wallet! we will even have EOS and openledger.io (aka bitshares) integration, its gonna be so easyto use crypto currency soon all with steemit
we are ALL SO lucky to get to use steemit! I have beentelling peopel for a while now that eventualy youll be able to have Bitcoins and ethereum in your steemit wallet and u wont nee poloniex anymore or bittrex or evencoinbase we wil also have ourown fiat gateway! u will ahve nt oly steem ATMs in every big city bt a Steemit Debit card that even takes out a lil bit of money for taxes etc, it will be perfect! it will be so streamlineed
STREAMit will be ore like it!
STREAMLINED steemit is coming! Imagine HF30!
Perhaps you give the Steemit community an estimation when all these great things will be completed
hahaha yes I wish i could! But I have been talking about that for a while! I have been asking for more coins in our interal market but I am just HOPING that they add this feature in the new updates! i canttell u whenit will happen but Im hoping its soon!
I need a personal trainer to teach me web development and i need a personl yeller to yelll at me to make more steemit posts and work harder eveyday!
Im going to try and wake up tomorrow and start a very dense Steemit post all about a Steemit Video advertisement i will outline and storybaord and then ill mke it and then ill release it using teh steem i make from rewards on the outline, to pay for its youube advertissing money, iw ill pay to ave the video seen! and it will drive more sersto steemit thus helping us all and i will try to cut out a little paycheck for yself to simply make ads for steemit like jerrybanfield does the more the better!
if a few thousands of us just marketed for steemit.com every day all day for a few months, g etting people jining the steem blockchain, we would get 10 mllion users by the end of the year! we all need to work super hatd everyday and just FLOOD the internet with steemit ads! and steemit social media posts! wmust show off how much we make off our posts and comments! we can get MASSIVE traffic and MASSIVE userbaseon steemit!
Loving the enthusiasm, upvoted and followed! I've made some business cards to put on counters, hand out to people, put under wipers, put on the grocery store billboards, etc: https://steemit.com/steemit/@libertyteeth/business-cards-for-steemit-to-increase-participation
I agree with you -- marketing is the way! (And my history is as a developer, who'd a thunk. :) )
The devs are trying to solve a problem while not taking into consideration the difficulty new users will face during account creation. Its already a difficult annoying process for the new users . Now they are introducing mining. While I appreciate their effort; they seem to think everyone is as tech savy as they are. No!
I myself suggested some features for steemit developers to include in the coming updates, but my article did not got much attention and i am afraid that the developers will not found that @aggroed
Hmmm nope!
this is a very big issue, the learning curve. I am a minnow and not familiar with crypto, and boy is it confusing
tfw this sounds strikingly familiar to my post last week
ummm. Not too much. You have a good idea with the ability to basically upvote a new account into existence. That's sorta neat. Anyway, other than talking about new accounts these approaches seem different to me.
you caught me.. i was in a rush when I read yours =P
agreed on new account approaches, regardless
Upvoted for the simple juxtaposition of "agreed" and "aggroed" (+1 letter, and change one letter). And, why not, followed! :)
To be honest I can't get my head around how everything works on steemit but why steemit has to grow fast? It already created good reputation, bringing too many people will water it down, at least fast influx. I'm here for a month, and when I joined it was good platform, what I noticed is that more people get in less quality content and more spammers you can find. All big social networks didn't become big overnight, and nowadays their content is so dispersed that people give up using them and try to find new social platform.
Yeah, imagine how it feels for someone who's been here for only two months. In such a short time, steemit has been inundated by people who seem to think this is just another social media platform, and that we want spam posts in our feeds that would be totally acceptable on twitter or facebook.
People are coming in with money, and get the mentality that they shouldn't need to try very hard, or they should upvote themselves, because the platform/community owes them an ROI.
And there are people abusing the power they get from bots like @minnowbooster by getting a ton of delegated power, and commenting empty bs, upvoting themselves, but not the posts they're commenting on.
Hey, thanks for the @minnowbooster tip! I'll go and check it out right now! :D
I find it to be a very ridiculous idea. One that can easily be taken advantage of by greedy people who like to upvote their own one sentence comments.
I was trying to be funny. :D
😂
Minnow booster rocks. I leased 700 SP to increase my voting power and don't upvote my own comments. I even just upvoted one of your comments for the lulz.
Full disclaimer: I am a mod at minnowbooster discord and have about 200 Steem invested in the project
@thatsweeneyguy I bet I know who you are talking about that has come in with money....
No one person in particular. It's just a mentality I've seen a few times...
We're on roughly the same track as the other guys. Just is.
@dijana969 @thatsweeneyguy I pretty much agree with your sentiments. The quality has taken a drastic nose dive. These voting pool bots certainly aren't helping with promoting good content. I can comment, after research that one of them is definitely using it as a scheme to siphon off Steem to Bittrex.
Great post
I definitely want to see more details on the token system - a solution to quick but effective on-boarding is critical...
I remember reading that one of the reasons, if not the main reason, for @steemit having a such huge wallet balance was to have enough Steem to create accounts far into future. Now that they're scrapping this plan and introducing a totally new coin for just this function, will there be a burning of some % of the vast tokens that were (almost insta)mined for just this purpose? @ned care to chime in?
And how hastily was the whole system coded up if the creators couldn't see this as becoming a problem? Or was it ever supposed to run this long or gain this much adoption? @dan being the genius couldn't see this flaw?
Any opinions?
Bringing in new users who are completely new to crypto will be EXTREMELY difficult with such conditions. I'm a little worried.. hopefully they do a more noobie friendly update.
Thank you for your explanation such that an ordinary minnow is able to understand you.
Like you rightly pointed out, minning will worsen the cry of minnows and people who may not have the technicalities to mine the tokens.
If you consider that many ordinary people are in steemit and not other platform, it will tell you that steemit is able to achieve this because it involves what everyone can do which is writing.
Bringing mining into any aspect of steemit will be counterproductive.
I would be ok with mining, but not if scrypt is the PoW - it would have to be something with no ASICs. Cryptonight or something else where not even GPUs have a significant edge. Aloo (f it's even possible) pooling would have to be disallowed. And the tokens would have to be only good for creating am account and non-transferrable. Basically, CPU mineable without any way that it could benefit botnets. That being said, for acquisition of a stake in a DAC like this one, I don't think that $5 is a substantial minimum barrier, especially of there was a category/app/something that the accountless folk who can't afford $5 could use to petition for a sponsor. Given that we are faced with the delicate question of how to increase adoption by two orders of magnitide without a comlarable reduction in quality of content (like reddit suffered when Digg imploded) we must proceed with caution.
Please help me to understand your aversion to GPU mining. I don't know much about mining, but what difference does it make if it's CPUs or GPUs doing the work? Are you just short of GPUs and have a bunch of bad@$$ CPUs - so you don't want people with GPUs to be able to outperform you? :D
Honestly, I don't think I even know enough about it to even formulate an intelligent question here, but what can you explain?
If we're talking about a PoW as a mechanism for registration of new accounts, a GPU friendly PoW algo sets a high barrier to entry for being able to mine, which is not the goal here.
The Steemit team has come up with a plan to create tokens that can be used to create new accounts. They note in the blog in order to reach the heights of Reddit they will have to climb the mountain of new users that would come on board. To bring 100 million people they would currently need hundreds of millions of steem. Considering only two hundred and fifty million steem even exist the challenge is formidable. And so they thought up a token system and would use those tokens specifically as a way to add people to the platform.
This is a fantastic idea! Much better than a closed distribution in the hands of a few miners. We need a more progressive way to encourage growth. Here's to a HF20 that really levels the playing field for all and encourages more exponential growth of the Steemit platform!
Very good article. I completely agree with you and I like your proposed idea of making account creation decentralized. One thing is for sure: The process has to be as non-technical as possible so the average Joe can just sign up and get going. To get involved with the more technical aspects should be up to the user. If it is forced upon everyone it will just hinder growth.
Very true. Less technical equals more simple equals a better system for all. still very wary Days though.
It's not just the learning curve it's the wait to get your account details. I joined 6 weeks ago but have been around crypto for years. I have never been interested in blogging etc before but thought I would give it a go. When it took a week to get my account set up with no real communication regarding why it was taking so long, I nearly gave up. I'm sure people outside of crypto would have. This will add to people who not only think badly of steemit but of crypto in general. This onboardibg process NEEDS to be streamlined and made a lot faster.
This sounds vaguely familiar :)
"We need to appeal to Joe the Plumber and not just Linda the Linux admin."
Great minds. If you don't know what I'm talking about, even BETTER, and I'll show you sometime! :D
As for the actual post, good looking out man. I'm concerned without as much understanding as you, just based on the premise that these don't smell like root cause solutions, they smell like treating symptoms with hastily constructed bandaids. As I see so much of happening with the steem tech since I discovered it and started paying attention. All my software career spidey senses are tingling here daily.
Thanks for not naming me ,but I don't mind if people know I struggle w/ computers and technology. ;-)
I really wish I understood this stuff.
I kinda feel like my opinions will have no value.
But that has hardly ever stopped me before!
I found steemit.com thru youtube videos.get payed to post ,flagging for fun(not a fan of),and a few others.
I was having problems w/ fakebook,and joined,took 3 days.and my account was like $3.50 or so to start ,all free no out of pocket.
I was under the impression that the system was funded through some kind of consensus mining .
I have learned a little(very small little)but trying.
I have read and heard that witness is not mining. what is the difference, do not both get payed for processing blocks?
And like @gigafart commented at we need to get it into grandmas hands.and billions of people.
Be nice to crowd fund the world and change it!
I am trying to spread the word about steemit,and I have heard some of the to complicated ,didn't understand it.
I know I don't.
I want to change the world steemit is not big enough yet! and people are talking about growing pains...more witness 's ? idk? how do we get the processing power to compete w/ Fakebook,YouTube ,ect.?
IDK...how can I help!!??
always more Q.'s than A.'s ..
Thank You for all you do! wish I could make it to Boston! would love to talk to you!
Namaste!
hey man i was expecting you to atleast make this all rhyme!
It would save us all time!, Give us the respect dont waste a no lemons or limes
cuz when life gives you numbers you mke cryotpgraphy!
now get back to making all that crypto curreny!
Whats a crypto currecy? is it like a crypt tax? or death $?
;-)
Pardon me, I don't understand McAfee,or even dos, toss me in with the dross.
better at meme life
follow me and the best at PALnet discord,MSP!
namaste
Why do we need to be giving away 6 steem per new account to begin with? Start people off at zero and let them choose to deposit more steem into their accounts or accumulate it through posting.
That seems like the best answer unless I'm missing something.
In order to vote on anything, you need to have some Steem Power. If you start with zero, you cannot vote and thus cannot earn anything from curating. You must have at least a little bit of Steem Power in order to get started.
Didn't delegation fix this? When you sign up, don't you get delegated SP now instead of actual SP that you can then just immediately cash out? It's been a while, but I think that's how it worked with my account.
Yeah that's what I thought, my account created through Steemit just received delegation. Though when I created one through anonsteem the other day it did come with 6 steem (though I'd paid 10)
I think you would still need to create the steem if a 100 million new users joined because there's only 250 million in existence.
Exactly! You cannot delegate what does not exist.
At least for now if you don't have enough steem power you can't even post transactions to the block. That was a safety thing to keep from getting slammed by hackers with a trillion accounts or something that like.
Ah ya, that does complicate things.
I agree that mining is not a good option.
For those who have computer know how and equipment, the same ones who can easily game the system, will have no problem making accounts.
Those not computer savvy would find it impossible to use this method.
So, it is creating a high barrier where one isn't needed, as well as a low barrier where thoughts of a solid fence should be.
Yep. That about sums it up.
First thing I think about when I hear of another coin that needs to be mined is a scamcoin attached to the steemit brand with the creators wanting to make a quick buck.
I don't know, I'm not an expert but what I hear you saying or the quoted blog is saying, Steem needs to create more money to make the site more attractive and we'll create new non-human(?) accounts through mining??
If the great social networking platforms have millions of users and only a very small percentage of them get 'paid' while Steemit only has a few thousands and people here are paid ridiculous amounts... why is it still not growing rapidly?? What is steem doing wrong?
Usability, we can't use it to communicate to our families and friends. It's not the go-to place for real news (except for crypto and maybe tech).
Marketing and creating a 'need' for this new platform. Again the question, why should people move to steem? Surely getting paid is reason enough? But why is it not happening... And yet you have loads of sites that don't pay users but users are addicted to them.
C'mon think tanks, think.
Not quite... Mining is proposed to make new account tokens that could be spent to make any new account. This isn't really about humans/bots.
thanks for explaining :)
Wish I could understand this, but I am new to this. In time I may be able to wrap my head around it. As with all things, a new user will find everything complicated until they are familiar with it. If a new user is expected to understand things on an in-depth level from the get-go, what is being created is a technical community, and not a general one a la FaceBook. If you want to exclude the common person, just demand a lot of know how just to sign up. People will stay in droves.
its ok if u REALLLY wanna learn aboutit, just start looking up evvery article that is tagged #hf20 and u will start to getteh idea in an orgaic way
just read what people TALk aboyt u will ssee whats important and whats not! ometimes beter than eve reading the official reports etc
Just go check out what people are saying about steemit on the steemspeak discord chat and ask people like @aggroed to explain this in laymans terms because thats what theyre here for!
Explaining stuff n laymans terms can get a child super interestedin this stuf and he or she coule end up becoming a steemit developer one day! u nver know! its important to dissimeniatethis information to as many ppeople as possible! u have the rght attitude u can always help by using some brain powerto work out some solutions or go find some entertaining GIFs if all else fails!
This is from 8 months ago... I know this has been changed...But right now, do we have any of our rewardsgo to witnesses??
And is THS at all still relevant aboit allowing people with just 128MB of RAM to mine StEEM? and using RAM minig instead of GPU or ASIc mining?!?!?!??!?!
Andthese are all 8 months old but do witness still get 10 percent of inflation??
here is wher this is all from! weird to see someone blogging abot steemit outsde of steemit!
https://steemit.com/steemit-hardfork/@steemitguide/steem-hardfork-0-16-0-informative-post-keeping-up-with-steemit-s-development-on-github
I'm sort of torn because I'm just getting into mining so the idea is intriguing to me. But on the other hand, this site needs a lot of good content creators and not just people who can mine. That being said, something needs fixed and hopefully things work out for the better health of this site.
Cheers,
Sean
whatever to help increase SP
apart from that, steemit at the moment is quite a messy place in terms of cinding a good stuff, or stuff that you might be interested. there are gems, of course, but frequantly buried under tonns of untelated stuff. teams needs to find aome sort of solution. plus increase userfriendliness- i mean, look, in order to st tour profile picture you have to give link, instead of uploading. come on :D
What we have here is a, "First-World Problem." It's a whole lot like a Third-World Problem - except you're not starving. So, while everyone frets over the current issue, lets not forget that these types of problems are very good types of problems to have, as opposed to other types of problems...
While the majority of this conversation in above my pay-grade, I did see one very important statement in the OP:
"...This could be a decentralized system for account creation. Otherwise you're allowing a handful of web developers to have access to account creation..."
The issue seems to be, how to balance the power that comes with the ability to create new accounts with the power to regulate new account creation, thereby maintaining the integrity of the SteemIt platform and preventing unintended consequences and loopholes that might allow that power to be abused and used in unscrupulous ways. And, that is a mouthfull.
Take that mouthfull, and imagine what a nightmare it is for code-writers to impliment rules, in computer code, which carry that out successfully. (I believe this is why we have hard-forks? The underlying blockchain code/rules are being "tweaked" to best carry out these policies?)
Now, just take a step back from all of what I just said, and lets' look at the bigger picture. What we have here is a group of private individuals who are engaged in nothing less than the creation of our own form of money, currency, and market for exchanges of value. This is truly an exciting thing, because the current "masters of the universe," the central/globalist banksters are probably $#!tting in their pants right now, trying to figure out ways to stop us.
Here, I want to encourage everyone who understands these issues, and is diligently working on addressing these issues to be greatly encouraged in their work. It is no small task. In a real way, these are the people who could be rememberd as the true "freedom fighters," on the side of freedom and humanity, who are working so hard to free the planet from debt-slavery.
As a minnow myself, I recognize the importance of what is taking place here. This is why I would recommend to every minnow and SteemIt user out there, buy Steem, buy cryptos, invest in this freedom movement now - before it gets crushed by external influences and big money. Every citizen of the world needs to put some "skin in the game," perk up, pay attention, and get involved here.
This is an amazing plan ...
good work...
I @alanmirza support it
**good luck friends ... **
Wooow i like this
I am verry like your post
You have amazing plang...
I am @viqral support your plan @agrroed
Please upvote mine :)
Nice Post
Nice, "Nice Post," comment. Thank you so much for pointing that out to everyone here, otherwise we might have missed the fact that this post was so nicely made. Until I read your post, informing me that this was a "nice post," that point of information had completely escaped my attention. I will make a note of it.
If there were something even more interesting for you to add to the conversation, would you also please put it into the comments - because we're all waiting, holding our breath, until you post your next thoughts on the matter. Until we hear from you again, please accept my most heartfelt thanks for the great contributions you have made here. :-)
perhaps a little harsh, but it got an upvote :P
nice post!
steemit keep the good way, bitcoin crash but steem could really improved
Thanks for keeping us laymen in the loop, even thou a lot is over my head. I can see were the creators of steemit are trying to keep things fare and fun for all. I appreciate all their efforts.
I completely agree. In particular, the part about people underestimating the technical hurdles that parts of this process entail. Anything at all that is more complicated than Facebook in the new user account process has the potential to hinder Steemits potential. We want as close to idiot-proof as possible. Heck, it would great if we could boil this down to something like a QR code scan.
Heck, I'm been in IT for 20 years and I still can't even figure out a way to delegate SP that doesn't give my key to an outside-Steemit API.
Then again, maybe I'm part of the problem.
I agree with you on this one, Joe the plumber will have difficulties and will be a powerless individum on the system compared to a godlike creature of a user who knows linux and has pc power. Maybe a part of the contribution rewards can go into the token pool, let's say 3%.
It is also sad that you have 108 votes as I write this comment and only 35 views. Most hunt the best posts without reading them. That would be a nice feature for a hf20, to get only 5% of contribution rewards when the post is not read.
I like bot voting. I may not have time to read every kaylinart post, but she's a great author and a wonderful addition to the platform. I'm happy to have a bot on guard to upvote her content. Other's have issues with that.
Otherwise it looks like tokens may only go to devs at the moment. That seems very alarming to me.
Bots/automated voting have there place, especially with the curation trains. If there is a reliably good content author then people should have the ability to get their support in fast and automatically. That helps keep the solid content providers above the selfie food pic posts. :-)
I was not speaking about the bots. They are such a good help for the minnows. I send also the bots to others just to vote them higher as my SP. Love the juice ;)
I was speaking about the normal user who does not take the time to read good posts and targets curation trails
Is there any possibility of creating a mining app that even my mom could use? Is that something we could community fund?
You need something like a web interface. username @aggroed, private token key:aggroedlovesM3, click start. Might bring additional challenges than just how to get mining on something like a web interface. I'd rather just be able to say, "hey, regardless if they were rich enough to own a computer that can handle mining I really like Sally and the way she's helping new people out, I'm going to vote for mining and let her get some tokens." I'm always left thinking mining is just another way the rich get ahead.
It doesn't get much easier than nicehash and minergate. Both of which have paid out to me.
I hate mining too to create accounts. I think stake based makes sense and the ability for users to invite users using their stake. I think it would make sense to use voting power for this purpose (instead of the money going to a post it goes into the account of the new user)
OK speaking greek to me, I am here for content creators, I enjoy the community but have no clue on the mining, bitcoin, steem and have not explored all this place has to offer, so how will this impact the other users like me?
See. You're my dude. How are you going to be able to participate to mine when you have no clue. Maybe you spend 3 months educating yourself on the subject, but I don't think we should have that as a requirement to have a shot at equal rewards here.
I thought mining was now beyond the scope of everyday people's computers? Don't you need special mining hardware for that now-a-days? The inequality that creates concerns me too.
yes you do. Which is another reason why mining is unfair. Ok, so not only do you have to be born wealthy enough to have an education good enough to have a background strong enough to understand this shit, but you also have to have enough wealth to be able to dedicate thousands to mining equipment, and even then you're getting smashed by those who dedicate millions and billions. It's an arms race and an expensive one. And the tokens go to the rich.
Why not just vote on who shoudl get them like we do witnesses and let the people contributing the most to the growth of this place take the tokens.
I went back and re-read the last section of this post to go along with your reply. So you're thinking a new group of 1000 or so voted "onboarding witnesses" would be given the mined tokens and then responsible for distributing them to new accounts as they join?
Would that be a manual process, for example if I was one of them, when a new account hits the pending que, I would have to review it, approve it, then assign the tokens?
I like the way you think, long term equality and stability to protect US ALL here.
Well this doesn't affect the normal user at all. Other than making it easier/faster for your friends to join the platform. It only offers extras to those that take the time to learn about mining and has the equipment to do so.
Excellent post regarding the pros and cons of HF20. I completely agree with your argument of straying away from the mining concept to create accounts since not everyone knows how to mine. One solution is through the account creation process, there could be a link to set up a mining account, with step by step instructions for how to do it. Or there could be "witness" miners where they are mining the tokens then distributing them out to new users then they get rewarded. There still needs to be some more thought to it but I agree it's need to be an easy process and one that's manageable to millions of users going forward.
Yep tradeable tokens dolled out by the system according to your stake weighted vote sounds like the best system to me. IDK anything but mining for them.
On point and I completely agree. Something has to be done to allow for the mass amount of users steemit expects and wants.. needs really. A semi-retired question. How much steem is added to the reward pool any given 24 hours? Is there an easy way to tell? As always thanks for all you do aggroed, keep up the good work sir!!
Last time I did the math it was about 50k a day. Well, that's steem. Of course how much that's worth fluctuates.
Good to know, thanks! And most of that isn't newly created steem or is it? Does the amount of steem increase by 1mil every 20 days?
that's new steem because of inflation, which is set to be $25M all year this year.
I am just thinking out loud here.
What about ,if Witness's were required to mine account creation coins. THEN the witness's donate those coins to a pool for people to use to create accounts. Then when that person signs up an automatic vote goes to that witness?
Again just thinking here, not actually saying that's what I want.. I am really studying thinking about your idea here.
witnesses already get paid. This is double dipping to me. Might as well find another group of people, who don't even need servers, who play a role in onboarding new users.
This is all to speed up the account creation process? If it needs extra processing power that should be off loaded to the witnesses. If they need more witnesses just allow more witnesses.
So after reading this and all the comments, having a momentary "blue screen" in my head, then recovering. I don't understand why the initial "Steem" bonus, or Steem Power given with the account creation can't just go away on its own - without needing any of the other side-effects? Wouldn't that stop the next 40K siphon account from being create? No free $ on sign-up. Am I missing something?
Hell I just PAID 6 STEEM to set up my son's account, I had issues with the automated email verification process on his, so I did it the pay-in way to make sure I didn't lose the account name we wanted.
Bonus is called delegation and that has issues. Paying 6 steem has issues.
The main issue is that they want to bring on 100+ million users. They have something like 90 million steem in their account. So, you can't pay 600M steem easily when there is only 250M steem in existance. You can't delegate a few billion steem when you only have 90 million. That's why tokens are necessary and seems like a really good way to deal with it. I'm just concerned over how we distribute them.
Nice post!
This is a bit out of my depth but I just wanted to say that "Linda the Linux Admin" gave me a good laugh.
But you know who she is right?
Oh, is that not just a riff on Joe the Plumber?
If I'm understanding it correctly this seems to allow for the possibility of brute force spam account production?
I just don’t know about adding another thing such as a “token” just making things even more complicated. This kind of thing will also have to have some kind of value? I assume mining at first would be easy and over time the required amount of time to mine that token would increase or decrease depending on Steem value.
Consider me crazy but why can’t they just starta new accounts in debt? Their votes would hold 0 value. Their true price of admission is giving back to the community in the form of content. After all that is what Steemit is all about. Your content is what is adding value to Steemit overall. Over time from being active there upvote would increase from being worthless and void to hold some value.
If they cant start at a negative balance then give them a token that they have to payback from creating content. Steemit is about engagement and creating content. We have moved beyond mining I don't see a need to bring it back.
Definitely agree with the authors conclusion about not wanting to put all the power into the hands of those who can mine
I got a bellyRub and this post has received a 7.14 % upvote from @bellyrub thanks to: @zeartul.
up vote me and follow me @jaibaru. thank you