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RE: Thoughts on HF 20 "Velocity"- Yes to tokens, but no to mining.

in #hf207 years ago

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.

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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.