While the account system is good in theory, in practice the RC costs are driven way too high for the mere mortals that don't have SP holdings that resemble those of @steem.
I suppose the comments stand true because, despite no one else being able to participate, @steem will be able to create accounts indefinitely without depleting their STEEM holdings.
Overall good work with the RC system. Not so good work with the discounted account claim system.
This is my opinion about the number of discounted accounts set by witnesses.
@steemitblog in an old post mentioned that the idea is to be comparable with others social networks, and they put the example of Reddit, which has 468 million accounts.
So, following that idea, this is my proposal:
Let's move from 1 million accounts to 10 million accounts in the next year. That is 9M new accounts, which represents around 25000 accounts per day. Then every day the blockchain would give 25k tokens for new accounts, and no matter if creators claim the account that day or they hold the token for the future, we know that in long term we will have 9 million new users.
If we see that this first step went well, and the witnesses can support this big community, then the next year scale by 10 again with 90 million new accounts. And the next year 500 million accounts. Very big numbers! but I'm optimistic that it can be achieved.
The point is, as much as discounted accounts increase then more people could claim them and this option not only @steem would have it.
What I don't see is how this rate can grow when this was an excerpt from @steemitblog's recent post:
I responded with this comment about how it's critical to treat this interface a top priority because the people (users) will be the future businesses and/or referrers of businesses the company is expecting to have come in by the thousands down the line. The users will be the biggest funnel for viral marketing and promotion, given their experience, understanding and relationships in the blockchain space.
Not prioritizing their experience, the primary platform through which they interact with the blockchain, and most critically "user acquisition and retention" could really come back to haunt. It's also a worrisome mindset to hear because what business would want to bring or build their customers on a primary window to the blockchain that will openly say that they don't prioritize these things?
I've always had the feeling that it is the right approach just not very well communicated.
Steemit.inc has the ressources to concentrate on the blockchain development itself and steemit.com is treated as a proof of concept and there are many incentives for developpers to create Interfaces and enhance the user experience.
It is the non written strategy and i thing it is the right one.
the steem blockchain is much more than a simple blogging platform, and empowering outsiders to develop interfaces and uses while working on the blockchain itself is a brilliant formula.
Valid points. However, I am working on an entirely new UI to take the mantle of onboarding normies into crypto.
This is interesting, looking forward to this @ned. Looking forward to many things, but this was unexpected, in a very good way.
Thank you for taking the time to do UI/UX for Normies. It seems no matter what is done, steemit.com is the url that people voluntarily chose, trust and I do not think that will change.
Will the new system make it easy to create quickly a lot of paper-wallets or account-claim codes for giveaways on stands and events?
Yeah, Steemit will continue to be the face of STEEM. Even though I know of and use other interfaces such as Busy, SteemPeak, and Partiko, I still think of Steemit.com as the baseline with which all others are compared. (And the one I somehow prefer regardless of its lack of pertinent info like VP%)
An excellent, sleek, modern UI would do wonders for Steemit. Interested to see what @ned is hinting at here! I hope it includes significant gamification. If people think Steemit is addictive now, it could be riveting with proper gamification.
Except everything will be new. In order to give the project maximal potential I’m building it under a new corporate structure with new top tier scalable name and domain (mobile first, though) and mission leveraging much experience gained, I believe much to the benefit of everyone, who will join.
Ned I've been messaging you for an idea I have on twitter, but you never replied. Do you even check your tweets there?
On a break from Twitter — you can find me on steem.chat @ned or email [email protected]
Nice I'll be making the switch when it's released.
That sounds Awesome, I have a feeling this can be huge! Please tell me when to join. I got a phone :)
Will attention still be given to this platform, after the new UI is released? Also, maybe I am missing something, but why so much flagging on @sircork's commentary? It may be extreme, or a bit sharp, but I don't see why the captain of the ship oughta knock his rep down by 5 points. Just wondering.
Why not just use something like https://steempeak.com ? It's far better already.
Looking forward to the UI roll-out.
Hopefully, a greater UX?
Thank you for taking the time to respectfully read and comment with this foreshadowing. Framing this for my wall.
Great, that's very important @ned . That, and with what I said above about Coinbase including Steem in it's "other assets", could combine to make both the network and the value of Steem explode... once it's both easy for "normies" to onboard, AND for them to buy Steem with USD.
Has Steem Inc applied for listing via Coinbase brand new submission form?
https://listing.coinbase.com/
I'll have to pinch myself to see if I'm dreaming once STEEM is on Coinbase. A dream come true!
THAT would be amazing
You have collected your daily Power Ups! Your posts received total upvotes worth of 2.7$.
Learn how to power up smart here!
Leaders say "WE", not "I"...
Last I checked you’ve never been part of it. Muted for toxicity.
Literally just totally proved my point. Well done, young man, well done. You have nothing to fear but truth itself.
Oh and "last WE checked" ;)
Oh 100% ned flags won't draw ANY attention to this at all.
Flagged for citing rule #1 of every basic management class in the world.
Amateur is as amateur does... :D
Thanks for demonstrating literally everything I asserted.
Son, I was in tech before you born, some 35 years now, including roles at NASA for the CIO's office and winning awards from a former US President for my technical skills and service.
Sit down son. Have some popcorn and learn from your elders...
!popcorn
leaders as facilitators 😌
Still say we... ;)
@SirCork, Ned is downvoted you. I'm reading your comments. By the way, Obama said I and Trump said we. So, Steemit is better than Facebook. Steem is improving. I'm following your conversations here with Ned & others. I'm thinking about all of it right now. I'm Oatmeal. Keep up the good work.
The budget on free/subsided accounts is currently about 14000K/day (0.5 accounts/block) of which maybe 5K-10K will be practically claimable. If steem/steemit claims them all using all of their SP/RCs then someone with 1/10000-1/5000 as much SP/RCs would be able to claim one such account per day (at the cost of exhausting their RC for the day; possible acceptable). That doesn't get down to minnows, but it does get down to a good number of (arguably) mortals. Possibly around 10K SP or so, as a rough number. Someone with around 2K SP could claim an account and exhaust 5 days of RC. In some cases, people may absolutely prefer to just pay the 3 STEEM.
These numbers may be change though. Nobody really knows at this point what the budget should be (or the per-account fee).
Are Resource Credits (RCs), transferable? Is that linked to the steem power or is it independent?
I think we are moving in that direction but we aren't there yet.
RCs can not be transferred. Delegation of SP does affect RCs on both accounts.
Yes, you have to imagine that if Steem went x100 the account creation fee would be drastically lowered.
This was always my disagreement with the 'logic' that "there isn't enough STEEM to create millions of accounts for onboarding". There is plenty (an unlimited quantity in fact) as long as the price of STEEM goes up (and therefore the account fee down) along with the onboarding process. If it doesn't, something has gone very wrong.
Exactly. It'll be an unsustainable system if there were 100 million users, yet were the market cap <$1 billion.
This seems like a selfish move by Steemit Inc. to retain holdings, which is in direct contradiction to their stated goals of decentralizing their stake. That was early 2017, absolutely no steps have been taken since. That said, this could be useful to third party developers with a sweeping marketing plan. Even so, the concern is no one can compete with Steemit Inc in the subsidy market, due to their overwhelming RC budget.
If steem goes to $1000 someday, will we get more decimal places? Or will the smallest unit of measurement still be 0.001 and be worth $1?
It wouldn't necessarily be easy (sort of a Y2K-type problem with all the UI and other code that would need to be updated) but in theory the decimal place can definitely be moved. This was done with VESTS in the early days (multiplied by one million), although of course at that time there was hardly any software to update.
Well, good. It's almost a problem when steem hits $10, even. I mean I guess no one's complaining that their penny can't pay out... But also maybe they are?
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Total agreement, @smooth. I Noticed the same thing after a few seconds looking at account creation faucets and I am glad to see RC taking over, making something like 5.1 Million accounts annually with your calculations.
We might have to UP those numbers again, just calculated that with 14K accounts per day will take 196 years to get to 1 billion accounts.
Great breakdown -- thanks for that. I've been wondering what the RC costs of account creation are.
The equilibrium is still being reached (the cost to claim accounts is falling rapidly, I suspect because hardly anyone is claiming them at all yet) but the above is a ballpark estimate of what it will look like once that happens, with the current parameters and with the assumptions stated.
Interesting -- I was wondering about that. I suppose it'll probably fluctuate pretty wildly from time to time.
I'm planning to take a peek at the beem library in the next couple of days and see if I can't wrap my head around the account claim process. I keep talking to some co-workers about the dApp I'm working on, and I'm almost ready to start trying to on-board people (people that have previously tried to get through the 7-day wait at the Steemit sign-up process, and have either been forgotten, or forgot about it themselves).
You spend a lot of time thinking about men sucking cocks, @netuoso and apparently you also spend a lot of time thinking about me. Which is odd, because i spend zero time thinking about you until ginabot reminds me you are a sociopath again.
You see, Im not sure what your goal is, you seem to love wasting mana and RC, and for what? My comments dont have rewards I care at all about and rep? LOLOLOLOLOLOL means nothing, and IF it did, id just bot it back up. But its a useless tool, just like YOU, you little assclown. Go spend your money on some platform shoes so you can reach the dicks you daydream about easier.
And please do carry on flagging. It makes you look so macho and tough and cool.
Now Im off to handle things that dont concern children like you. Go back to laying in your treefort at mommys and staring at the ceiling with your butthurt on fire over me. I enjoy that image of you, all contorted and angry, while i go back to forgetting you exist again till you light up ginabot like the obsessive little fuckwad you have always been.