Hey B - it cost this Knight about $0.40 worth of RAM simply to unstake less than 100 EOS tokens. From what I can see, this RAM is now categorised as used - and as far as I am aware I will be unable to sell this RAM in the future. I really hope I am wrong, because if not, usership of EOS will be limited and when the next 'TRUE FREE TRANSACTION PLATFORM is established - users will migrate there.
Minimum a new EOS account needs for some basic operations is 4KB of RAM. At current prices it costs about (0.1 EOS / KB) 0.4 EOS or $3.20 per account. More can be bought if needed.
For basic operation a Steem account needs at least 6 SP.
This Knight understands that you need about 5-6 SP in your account to transact. However this 5-6 SP remains in your account and you can transact nearly as much as you like per day.
The RAM does not appear to replenish. As such, once you have executed x number of transactions, you need to buy more RAM. So to me this is an expense of using EOS. Now you might say - but you can sell the RAM when you are finished with it. My question is - can I sell the RAM that I used to unstake my funds? If the answer is 'no', this is not a free transaction.
On Steem it costs me nothing to stake, unstake, vote, transfer etc.
Actually Slavix - you might still be right - my RAM usage might be up simply because of the 3 day unstaking period - I will let you know what happens when the unstake is complete - this makes me happy.
I just sold some RAM for double the price I bought it for too. This also makes me happy.
RAM can be recovered when no longer needed and sold. No EOS is consumed transacting.
However RAM price maybe higher or lower in the future, so you can earn or lose some EOS when selling.
This doesn't sound right. RAM is used to store memory for a DApp but should also be able to be freed up, released and sold.
Where are you getting this info?
Hey B - it cost this Knight about $0.40 worth of RAM simply to unstake less than 100 EOS tokens. From what I can see, this RAM is now categorised as used - and as far as I am aware I will be unable to sell this RAM in the future. I really hope I am wrong, because if not, usership of EOS will be limited and when the next 'TRUE FREE TRANSACTION PLATFORM is established - users will migrate there.
Minimum a new EOS account needs for some basic operations is 4KB of RAM. At current prices it costs about (0.1 EOS / KB) 0.4 EOS or $3.20 per account. More can be bought if needed.
For basic operation a Steem account needs at least 6 SP.
This Knight wants you to be right Slavix.
This Knight understands that you need about 5-6 SP in your account to transact. However this 5-6 SP remains in your account and you can transact nearly as much as you like per day.
The RAM does not appear to replenish. As such, once you have executed x number of transactions, you need to buy more RAM. So to me this is an expense of using EOS. Now you might say - but you can sell the RAM when you are finished with it. My question is - can I sell the RAM that I used to unstake my funds? If the answer is 'no', this is not a free transaction.
On Steem it costs me nothing to stake, unstake, vote, transfer etc.
SK.
OK now 99% certain you are right - have just done a couple more tests - not using any RAM. Thank you for your persistence.
I will draft a public EOS apology soon.
SK.
Actually Slavix - you might still be right - my RAM usage might be up simply because of the 3 day unstaking period - I will let you know what happens when the unstake is complete - this makes me happy.
I just sold some RAM for double the price I bought it for too. This also makes me happy.
SK.
RAM can be recovered when no longer needed and sold. No EOS is consumed transacting.
However RAM price maybe higher or lower in the future, so you can earn or lose some EOS when selling.