yes the more hp you have the more RC you will. In a way you can perform more tasks on hive.
How do Resource Credits work on the Hive blockchain? Since transacting on the Hive blockchain has zero fees, transaction rate-limiting is employed to safeguard the blockchain from spam attacks. Everything action that you take on the blockchain will consume a small amount of Resource Credits. This includes posting, commenting, voting, transferring tokens, etc. Viewing content does not consume Resource Credits.
Every user has a limited amount of Resource Credits to use each week. The more transactions a user does, the less Resource Credits they will have left (until they recharge). Users with more Hive Power will have more Resource Credits.
When the blockchain becomes busy (due to heavy use), the Resource Credit cost of transactions may become higher than during times when the blockchain is less busy.
You can check how many Resource Credits you currently have at: https://hiveblocks.com/@youraccount
If users do not have enough Resource Credits, they will be unable to transact with the blockchain until their Resource Credits recharge or they acquire additional Hive Power to increase their Resource Credit balance.
If you get an error that you have exceeded your Resource Credit allowance, it is normally best to just wait and try again later. Usually if you wait and try again later, the transaction will go through.
If you are unable to transact for extended periods of time, or you are frequently running into Resource Credit limits, then you will either need to reduce your usage to stay within your limit, or purchase more Hive Power for your account.
This system ultimately means though, that your capability to interact (RC recharge rate) is dependent on
Time
Buy-In
Charity (delegation)
All barriers to entry. Enough interaction may get you enough votes, etc. to earn a payout, but the first week or so (what I would claim is the most important to overcome switching costs) will be awful for most people, except those most dedicated. Hive is locking itself on the low end of the tech adoption chasm.
The thing is if someone introduced you to hive or someone help you to explore this blockchain then I am sure he is going to help you. At the beginning I guess. A few platforms like Leo and splinterlands give you some HP to start over if you are new here then they will delegate you approximate 10 HP I think that is enough to chat with others and make at least one post a day I guess.
In a way you are right I guess because if someone in his new and he don't know anyone here then it might be a tough situation for him because he will can't perform any task on blockchain if they don't have hp or RC. So I think all the platforms who are inviting new users or generating new accounts they should automatically delegate rc or HP to the new users for at least for a month because that is enough time to generate their own power and resource credit to at least post and comment.
It's not really a barrier to growth per se, front-ends or platforms that take care of account creation can automatically delegate you some RC. The only way this may become an issue is if we suddenly had millions upon millions of new users all wanting to post and comment at the same time, even then the witnesses/block producers could just lower the RC requirements needed to post & comment so that the front-ends/account creation websites delegating RC could cover more people.
I know, I think you delegated me some HP so please see my full comment to @acidyo.
I'm not opposed to how the platform works, just feel that the HP system as it stands is holding Hive back.
Thank you, and great use of Watcher.
you check you RC from here https://hiveblocks.com/@queenmeteor
Enough credits for approximately:
That's incredible kind of you @bhattg
😬, thanks mam. Have a great weekend ☺️
ok I hope you know the difference between RC and HP?
RCs are allocated based on staked HP. If I buy some HIVE, power it up to HP, and let it stake, won't that increase the RC I receive?
yes the more hp you have the more RC you will. In a way you can perform more tasks on hive.
How do Resource Credits work on the Hive blockchain? Since transacting on the Hive blockchain has zero fees, transaction rate-limiting is employed to safeguard the blockchain from spam attacks. Everything action that you take on the blockchain will consume a small amount of Resource Credits. This includes posting, commenting, voting, transferring tokens, etc. Viewing content does not consume Resource Credits.Every user has a limited amount of Resource Credits to use each week. The more transactions a user does, the less Resource Credits they will have left (until they recharge). Users with more Hive Power will have more Resource Credits.When the blockchain becomes busy (due to heavy use), the Resource Credit cost of transactions may become higher than during times when the blockchain is less busy.You can check how many Resource Credits you currently have at: https://hiveblocks.com/@youraccountIf users do not have enough Resource Credits, they will be unable to transact with the blockchain until their Resource Credits recharge or they acquire additional Hive Power to increase their Resource Credit balance.If you get an error that you have exceeded your Resource Credit allowance, it is normally best to just wait and try again later. Usually if you wait and try again later, the transaction will go through.If you are unable to transact for extended periods of time, or you are frequently running into Resource Credit limits, then you will either need to reduce your usage to stay within your limit, or purchase more Hive Power for your account.HIve FAQ
This system ultimately means though, that your capability to interact (RC recharge rate) is dependent on
All barriers to entry. Enough interaction may get you enough votes, etc. to earn a payout, but the first week or so (what I would claim is the most important to overcome switching costs) will be awful for most people, except those most dedicated. Hive is locking itself on the low end of the tech adoption chasm.
https://miro.medium.com/v2/resize:fit:1400/0*waqAmqChC45k4j3Y
The thing is if someone introduced you to hive or someone help you to explore this blockchain then I am sure he is going to help you. At the beginning I guess. A few platforms like Leo and splinterlands give you some HP to start over if you are new here then they will delegate you approximate 10 HP I think that is enough to chat with others and make at least one post a day I guess.
In a way you are right I guess because if someone in his new and he don't know anyone here then it might be a tough situation for him because he will can't perform any task on blockchain if they don't have hp or RC. So I think all the platforms who are inviting new users or generating new accounts they should automatically delegate rc or HP to the new users for at least for a month because that is enough time to generate their own power and resource credit to at least post and comment.
Or perhaps peoople are too lazy to persist? It's a game - rise to the challenge, people!
It's not really a barrier to growth per se, front-ends or platforms that take care of account creation can automatically delegate you some RC. The only way this may become an issue is if we suddenly had millions upon millions of new users all wanting to post and comment at the same time, even then the witnesses/block producers could just lower the RC requirements needed to post & comment so that the front-ends/account creation websites delegating RC could cover more people.