Multiplying the max RCs by 10 still leaves 5sp accounts with only 1 or 2 comments every 5 days, which is unacceptablly low.
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Multiplying the max RCs by 10 still leaves 5sp accounts with only 1 or 2 comments every 5 days, which is unacceptablly low.
Should be about 4 comments per day. I know it's frustrating for some but I'd rather people be forced to power up a little if they want to use Steemit as their main social media platform. Scarcity creates value.
I wonder if it will really help that much with spam though; a lot of the resteem services get big delegations. Still, hopefully they won't be able to pump out so much memo spam.
This is one reason why I do not use @Steemit as my core content platform.
In the universe that I live in there is:
WordPress, Minds..........
Will Steemit continue to be the only reward for playing platform?
You forgot to mention trybe.one which is closer to the steemit model than medium and the other pre-blockchain platforms
Thank you for bringing up trybe.one
I had no idea about it. Will look that up.
For SEO & content, I've used Medium, WordPress & Blogger. I need to learn more about blockchain platforms, especially social blockchain.
Thank you, once again for the heads up.
Check out also Narrative project, Mithril / lit and yours.org
Thank you, for the heads up. @ade-greenwise
Will have a look.
Thank you, once again.
I actually couldn't more strongly disagree with everything in your comment.
Not when it comes to the free flow of ideas. Free speech is far more valuable when it's abundance is increased.
Insofar as new users are unable to comment and post, the market for Steem will be suppressed. I recommend you give that more thought, and also consider the caliber of communicants you will enjoy who are actually willing to pay to play. SOC (SMTs, Oracles, and Communities) will work together to enable communities to exclude bots, paid delegations, or any given type of interaction, as well as the opposite. After some consideration, I expect communities that reflect the actual value of social interaction to perform very well, and those focused on mere mammon to be quite small (if emunerative, potentially). This is because society is far more valuable than it's mere economic aspects can account.
Mike Tyson once said that Don King would sell his momma for a dollar. That's a different kind of valuation than most folks find attractive, although there's clearly folks that value society so.
I don't mind memo spam at all. I only claim rewards very occasionally, when I remember to see if I have any, so don't see it. I admit I'm kinda odd, not caring about my personal finances at all, but I've determined that I'll occupy a box in dirt someday, and won't get to enjoy spending money I've accumulated during life. So, I do work I like that pays necessary bills, and spend the rest of my days with good people.
If I can take anything into the grave with me, my good memories of good friends will be in there.
That's more valuable anyway.
They're not being forced to power up, they're being offered an incentive to power up.
A new member is now offered a ladder to climb, which is smart because a ladder offers direction. Up. People can work their way up, if they so choose.
One solid introduceyourself post, if powered up, can what? Double the amount one can interact with the blockchain? Maybe, if things go well. That's a huge step for someone's first day.
@ajayy, it's not unacceptably low when someone can easily begin to work their way up now. It's acceptably low if they decide to stay at the bottom. The choice is theirs.
As I'm reading through the comments and complaints, I'm thinking some people are forgetting everyone here is given an opportunity to improve their situation and experience here. If you think it's too difficult for them, make it easier. Things like utilizing your own SP to vote rather than delegating it away with the hopes of making a few dollars per week can go a long ways towards more people being able to enjoy this place.
@ned @steemitblog @andrarchy
They are not being offered an incentive to power up, they are being forced out. Someone joins the blockchain and comments "hi, i am new here." and thats it, he can't do anything more. He doesn't even know what mana is or what powering up means. And he has to wait 5 days before he can ask another question.
Who has patience for that. I would have moved on if that was the experience I had when I first joined and I am a very patient man.
They didn't get the memo? What memo? Maybe someone should write the memo. I remember when I signed up I was given a list of rules. "Don't forget your password" was all I was told. I'm not sure how it is now but creating awareness on day one, as one signs up, offering some guidance and stressing the importance of this guidance would probably be a good step in the right direction rather than assuming nothing can be done and all is lost.
Bandwidth system worked fine for me since day one. It allowed for spam and that needs to be checked. Thr are lot of ways to do that. Question is, are resources being consumed to the level that legit user is not able to transact and answer is no. We have ample of resources. Why ration something that is not scarce?
I think, for now it might not make sense on the surface and of course will require a bit of tweaking to find that sweet spot, but down the road we'll be thanking ourselves for dealing with this stress now rather than the problems later.
I agree with your sentiment here, but if Steem wants mass adoption, we still need to drive the base necessary SP for an acceptable user experience much lower.
Let's round up and say we have 300 million Steem in existence right now. That's 60 million accounts each with 5 Steem. So we're capped at 60 million users... already not a huge number compared to big networks. And that's if we go full Communist, and everyone gives up any stake they have above 5 SP. More accurately we'll probably follow a 80/20 distribution, meaning we have just 60 million Steem around for "average" accounts outside whales, businesses, etc. So we can expect maybe 12 million users who may not even have the option to power up because there's no more Steem to be had.
We need accounts with 1 SP or less to still be viable for truly mass adoption. I'm starting to think this may not be doable, and we may emerge into a model more of 0 SP users being subsidized by RCs shared or delegated by the platforms and apps they are interacting on.
That's probably true, if STEEM stays at the current value? Wouldn't a higher value mean accounts can be created and cover the costs of bandwidth with .1 STEEM, for instance? That higher valuation is what could cause such an influx of new users. They power up and that helps the value stay up.
I don't see any correlation between value and bandwidth/RCs/max transactions. If Steem goes to $10 USD tomorrow we don't have 10 times more infrastructure. That just means that instead of $5 getting you 5 SP worth of transaction ability, now it'll cost you $50 to get the same amount of transactions. Increased value means it actually costs more for a new account to purchase the ability to transact freely.
I'm honestly curious what it takes to increase resource capacity. Side chains? Require witnesses to run more powerful nodes? I just don't know the technicals. But the amount of SP needed to transact does not go down with a rise in Steem value.
Increased value will just be something that motivates users, but again, I'd contend that if successful, we're heading into an era of Steem scarcity most folks don't think about. For simplicity let's again say that we have 300 million Steem in existence and we're inflating 10% per year. (These numbers are both a bit high.) 30 million new Steem a year. If we get to just 10 million active users the average account earns 3 Steem a year. And that's an average. We all know accounts that will still be earning tens of thousands. So the median account, the average users and new signups, probably will earn less than 1 Steem a year.
If Steem is at $100, cool. Your average friend on FB or Instagram wouldn't mind having an extra $100 a year just for doing something they do anyway. And there'll be the "casino" effect where people know a post could go viral at any point and deliver them an effortless windfall. Or rather than the excitement of simply being re-tweeted once in your life by your favorite celebrity, maybe you get a massive upvote from them instead with real monetary value. It'll be a fun system. And folks will earn SMTs and complementary tokens, pay for subscriptions and merchandise with the businesses that release them, etc. But with large scale adoption earning any significant amount of Steem for an average user is a thing of the past. And if Steem Power is the only token giving access to blockchain resources, where does that leave new users?
Again, I was hoping to see this new system balance in a way that smartly eliminates spam and allocates transactions in a way that a 0 SP account with the base RC allotment is still fully functioning for average everyday purposes. I still think that can come to pass and it's what needs worked toward.
For some reason I thought this new system would keep the cost of account creation the same while the value fluctuates. What you speak of, I thought was the old model we just got rid of.
My vote was once worth $20. If these tokens shot up to $100, I can gaurantee I'd be putting a lot of smiles on faces, and they won't mind the fact they're receiving .01 STEEM or .001 STEEM. $20 is $20. There will still be a demand. People will want to work their way up to owning one whole STEEM, if that were the case.
If I’ve read everything correctly, currently creating an account still costs 3 Steem, which now is burned instead of powered up into the account. This then creates a minimum RC that the account has to transact with, currently 3,000 but being raised to 6M. Accounts can also be created by another account converting RCs into a “discounted account creation token.” So you burn a ton of RCs if you have them, and can create an account for “free.”
But the big question is what will these 0 SP minimum RC accounts be capable of? If they’ll only be able to post or vote a few times a week it’s a problem. If they still need to power up 5+ Steem to be viable participants, we’re facing the scalability and Steem scarcity issues I noted above.
0 SP minimum RC accounts need to have a similar experience to 15SP accounts prior to HF20. Steemit has been delegating 15 SP to new accounts precisely because it created a user experience that didn’t result in too many frustrating bandwidth errors under normal use. That concept of a minimum viable account still needs to hold true, again, for much less Steem.
I’d welcome any corrections on this from anyone reading if it’s misinformed!
Currently I'd estimate about 40% of STEEM is vested and voting; so there is still plenty of liquid STEEM available before it becomes a valuable scarcity.
I see what you are thinking, but I do not agree. New accounts now have a very limited amount of characters they can put in their introduceyourself post, probably not enough to make something impactful.
I echo the sentiments here. Steemit is not a free lunch but a helping hand for those who wish to help themselves. Those who wish to partake in the platform ought to have a vested interest and incentive in powering up some steem in order to increase their own capabilities.
10x the current capacity seems fair to me, although personally i would have liked to have seen a tiered system... ex 200x for those with less than 25sp, 10x for those above, etc.
This ^ ^ ^ ^ ^ ^
Although I would prefer:
Of course, I think that can be tinkered with, but you definitely need a sliding scale NOT JUST multiplying everyone by 10. THAT WILL NOT DO WHAT YOU INTENDED WITH THE CURRENT ANNOUNCEMENT/PATCH. The goal is to totally HOOK the newbie, not frustrate him/her and drive them off the platform.
Not a good idea! What would stop an abuser to have 100 accounts of 25 SP instead of 1 account of 2500 SP?
That's fair. But I'm not sure how much harm it would actually cause. First of all creating new accounts now more or less requires a creation fee burn - so be my guest.
But even if that wasn't the case. Management of that many accounts would be a headache apart from bot utilization. And then if it was 100 bot accounts, it would still be better than what we experienced under HF19 given that people could already have done that (except with unlimited "RC" use at that time).
At least with a tiered approach, you subsidize those who are still trying to experience the system rather than turning them away.
power to the people! haha
I agree
"scarcity creates value" is true in general but don't take it too literally. It depends how you define the perimeter, hence it doesn't work here. I already have friends I've introduced to Steemit and after 2 articles they tooke their business to trybe.one
There's scarcity for RC in steemit but there's no need for anyone to socialize on steemit as more or less the same thing can be done on many other platforms (weku and trybe are two of them)
Let them leave, competition is good for this space. Though I have to be honest, if these places (WeKu, Trybe, Smoke) think it's going to be a piece of cake developing a working cryptocurrency social media site, they're in for a shock. Can they do it with Steemit having 2 years head start on them? Maybe, with how dysfunctional the development here seems. It remains to be seen, but at the present, Steemit is the best out of these systems by far.
Yep, that's definitely way too low! If I sign up for a new service, I typically spend a few hours there, making 5-10 comments or something like that. I would probably not be very interested in keeping to use Steem if I had to take a break after only writing 1-2 comments before I would have to wait 5 days.
Yeah, this needs to be 100x just to make things work this week.