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RE: Steem's Value vs Newbies's Resources Credits (RC)

in #steem6 years ago (edited)

This is really a fascinating issue. And it WILL define our blockchain in the future. What is really going to blow your mind is that there is not enough steem, nor will there be for MANY YEARS for each user of reddit to have 1.

That's right, there's not enough steem for everybody to have one! (Luckily it's divisible to the eighth digit, just like bitcoin).

The real answer to your question about RC's lies in something I read from blocktrades during the development and discussion surrounding RocksDB. The cost of any action, in resource credits, is relative. We can make these things as cheap as we want by increasing and expanding infrastructure. Future users , should they find themselves on a populous blockchain of millions of users, will not need nearly as much steem to post a comment as we do today.

Secondly, there are plenty of RC's to go around, currently most of it goes unused. If new users want to use steem blockchain as a social media site, they will need patronage. I delegate to new users, @crypto.piotr does, hundreds of other users do, and none of us come close to the amount of new user delegations steemit inc does. Its what we do because its necessary to treat steem as a social media site. Here's the thing though, steem is not a social media blockchain. It just happens to have one built on top of it.

Going forward, each dapp, each use case of steem will have to deal with RC's a little differently, depending on their exact case.

Thirdly, and finally, in the larger scheme of things, it is not even clear that everyone needs their own account. The @ifc competition allows entry by email, @steemnova pays out in steem but doesn't require a steem account, and other solutions are being developed (or at least I'm working on one) that allows everyday queryers to ask questions through a centralized site, which will post vetted questions to the steem blockchain with a single account. Only expert answerers will need accounts to get paid, but later even they will be able to submit their answers 'offsite' without an account.

In conclusion, there is an uncomfortability around RC's that have to do with them being very different from how we are used to interacting with the internet. @crypto.piotr's example of tyson.com clearly demonstrates this. But this is far from a problem, its actually a feature, a misunderstood feature of the steem chain, that will require some creative thinking as we go forward.

Most of the apocalyptic fears involving scaling are unfounded, and will solve themselves with hardware upgrades, some of which already in the works.

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Interesting thoughts.. When I made our game open to email I was trying to get players from outside of steem to play, though with RC issue it could be a way for newer steem users with low RC to play and not burn up what they have for posting. Hmm.. Never thought of that before, but that's a good angle to consider and be aware of in the future!

I think one of the important things you brought up here @ecoinstant is that this entire system is more adjustable and flexible than most people believe. Part of what you said here also brings to mind something else I keep thinking about: "Investing" in Steem — aka "holding some Steem coins"* — always seems to be automatically associated with being ACTIVE in one of the Steem front ends.

I think people put a lot of misplaced emphasis on this notion that investing is synonymous with creating income, but the vast majority of conventional investing actually consists of someone buying an asset and simply holding it passively for five years, in expectation of capital appreciation. And so, not everyone needs their own account, AND people simply holding Steem for the long term effectively help drive the price up by reducing active circulating supply.

=^..^=

Dear @ecoinstant

I just had a pleasure to read this old comment. Just wanted to let you know. I appreciate you taking time to share your thoughts with us.

Seriously respect for your amazing comment.

Yours
Piotr

Hello @crypto.piotr! I thank you for reaching out, no matter how long it takes, its great to hear back from you! I appreciate your comments and your memos, I always try to take some time to visit the different interesting topics you have for me, and offer what I can from my own perspective.

Now, I have a favor to ask of you! We are finally beginning the public part of our journey with @steemlogs web app (available now on steemlogs.info), and have just released this announcement post. There is still a lot of work to do, but we are on a roll now, and I would appreciate any comments you could offer. If you think it is worthy to recommend to your network, I would happily cover the cost of any memos.

Please let me know your thoughts either way!

Dear @ecoinstant

I always try to take some time to visit the different interesting topics you have for me, and offer what I can from my own perspective.

That's very kind of you. Always appreciate your support.

Now, I have a favor to ask of you!

Lovely :) I love new ideas and challenges. Your project does seem to have potential. I just wonder if listing all recent published posts is the only way to use it so far? Or does it have more functions I didn't discover yet? :)

If you think it is worthy to recommend to your network, I would happily cover the cost of any memos.

The only problem I see is the fact that I've send memos lately (you received it too) saying that it was my last memo this month. So I really cannot be much of help for next few days.

Perhaps I could help you with next publication? Maybe you could promote @steemlogs on your own account (@ecoinstant) and I would bring traffic to this publication? What do you think?

ps. would you happen to have telegram? getting in touch via telegram could make our communication more efficient (I tried discord but I found it so very messy and I seriously hate that platform).

Yours
Piotr

Dear @ecoinstant thanks for your valuable comment.

The @ifc competition allows entry by email, @steemnova pays out in steem but doesn't require a steem account.

I am not a supporter of this type of "hybrid" applications.

They want to make a new proposal but develop it on an existing blockchain. They even propose their own tokens even though they can adopt an STM.

It seems to me that they somehow weaken steem, or at least they do not contribute to its strengthening.

Yours, Juan.

Check out @ifc, there is nothing hybrid about it. Your point, perhaps, referring to dlive, is understood, but if your definition of what steem is is too strict that too weakens the value of steem.

i agree with you dear friend.

The ifc isn't really an application, it's more of a contest and community. Some day it'd be cool to turn it into an application. However the intent of opening it up to non steem users was partly to encourage more people to sign up for steem. And if they are unwilling to make an account it still brings more attention to steem to people who are unfamiliar with it because this is our homebase and we mention it and talk about it often.

Greetings friend @apolymask.
I greatly appreciate the acceptance that my publication has received.
I am extremely surprised by so much support. Thanks from my heart.

I take this opportunity to ask you a favor.

Knowing these difficult times that Venezuela is going through certain communities have decided to show it´s support by delivering food throughout the territory. Also giving it´s vote of healing to Venezuelan publications in steemit.

For this I am pleased to address you on behalf of my friendly communities @VOTOVZLA AND @STEEMCHURCH. Do you know them?

They are currently opting for a 20k SP delegation sponsored by @theycallmedan. This delegation would allow us to help more people and in a better way.

Maybe you can participate and VOTE for @STEEMCHURCH. Here I leave the link:
https://dpoll.xyz/detail/@theycallmedan/which-steem-project-should-i-delegate-20k-steempower-to-for-1-year/

Have a blessed day.
Yours, Juan.