Wow! What a week here in the wonderdul world of steemit. In 5 long days we have all come to learn about resource credits. Now I will have to tell you that, I personally have not seen any good with the RC's so far.
I mean lets face it, resource credits basically shut down steemit for 5 days. Then they rolled out the patch and everything was looking better. Steemnit is back operating at somewhat of a normal pace. Then this happens....
Now I do not want anyone to think this is a rant about blocktrades. I Have used them for over a year, from buying steem to using their delgation services to withdrawing steem. Never once have I had an issue with them, yea sometimes I feel like the fees are a little high, but lets face it over all they are a top notch exchange.
Until the RC Monster got em.
Now you can send them steem and echange it for bitcoin, litcoin or any other crypto they offer. You can not how ever buy steem from them! Thats right you can not buy steem from them, or should I say you can buy it but you wont get it until @blocktrades has enough RC'S to send it to you.
So at a time when steem is struggling, we are allowing people to pull steem off of the platform but they cant invest in the platform. THIS IS NOT GOOD FOR STEEMIT. Come on guys cant we get this shit together blocktrades is currently sitting at a negative 386,372b resource credits. Now they are telling everyone who has sent a trasaction to them to buy steem that it will be Monday before you will recieve your steem. My question to @blocktrades is how? How will you be able to send out all the steem you owe by Monday? Now unfortunately I made a purchase with @blocktrades before the message was put onto their website. My advice to any steemian is this, do not buy any steem from blocktrades unless you have checked their website first.
Again this is not a rant about @blocktrades, hell they are just another victim of Resource Credit. But when you cant power up on a platform that is currently suffering because all other major exchanges have steem suspended, you kinda have to depend on @blocktrades.
So I know that @blocktrades will make right on what they owe, but we all know in this crazy world, cryptos value can change dramatically in seconds. So every second is critical when you do not have what you paid for.
Unfortunately, I will not get a response from @blocktrades, yeah they wont be able to answer or vote this post, remember they dont have any resource credits.
Well thats enough for now. Maybe one of the awesome devs from steemit should figure out how you can delegate resource credits, since they seem to be worth more than steem.
Thanks for stopping by.
1 I agree HF20 has been a mess.
2 The RC calculations are causing a lot of trouble. I thought RC was similar to bandwidth, which was not good for newbies. Otherwise, bandwidth didn't affect me.
Now, it seems this RC stuff is designed to limit activity.
3 If this caused trouble for blocktrades, due to high activity, then it will affect Bittrex and Binance also, which explains why they are still suspended.
4 if 3 is correct, then HF20 was designed to limit and suspend the exchanges. This doesn't make sense.
This might actually be at least partially blocktrades fault. They have been claiming new accounts and might have run themselves into debt by inadvertently spending too much RC on them.
This is a related post that touches on the issue :-
https://steemit.com/hf20/@netuoso/praise-blockchain-jesus-out-of-rc-debt-hell
No doubt it is, they also ran a half price delgation sale that I am sure ate up some of their rc's. Thanks for the link I will check it out.
They were doing this after the fork, or prior?
I love blocktrades. Just trying to get clear on the situation here.
I think they have always been buying accounts, before and after the fork.
I believe this was after the fork. Probably even after we all had our RCs topped back up.
I can't say with any certainty though without doing the research myself to confirm so you should consider my comments purely speculation at this point.
Holy shit Ray. That is a complete disaster!!!!!
Hope and prayers is what I got now🤣🤣
Thanks for the Newsflash Ray I still don't really understand RC's but I've been posting fine so hopefully it all gets ironed out asap I'm sure this will soon be sorted out, resteeming now 👊
Thanks for resteem Owen😎👍
This is just one of the many faces of the complete failure of the code written and not thoroughly tested be the Steemit Inc. (centralized) developers/leaders. This is poor work by a team that just does not seem to care.
I am beginning to feel the same way. Lets see how long it takes me to get my steem.
It's a heartbreaker too as I found precious metals here on steemit. I am trying to keep the faith but Ned and his merry band of clowns are really making it hard for me. Hope you get your steem soon brother. Have a great week.
Thanks for the info @raybrockman. This is so nut's, I normally EVERY month buy some Bitcoin on Coin base pro and send to Bittrex/Binance and trade for Steem and send to my Steemit. I can not do this because they are down and now Blocktrades is out of RC!!!!!! This is so bad for Steemit, I think the witnesses need to jump on this. I also believe that the witnesses need to post updates for us regularly. They need to be more transparent, now more than ever ! I think that we are/will recover from this but HF20 took a MAJOR chunk out of my growth in steemit. Hell, I killed my SP delegation because I couldn't do anything. In a week I will try to put some back but I have no idea how much I need to keep un-delegated just to be able to post. I also don't know if RC affects the mana to vote and it's recovery. I really am in the dark, and it really makes me mad! Lets not let this happen again!
resteemed maybe someone will learn from this!
Does anyone know if you have more SP does your Voting regenerate faster???? I know More SP affects RC
I do not believe the recover faster, just believe you have more according to your SP
I did some crude testing with a minnow, voting recovery of 94SP and voting recovery of 184SP both recover about 1% per hour +-
Same set's of SP, and posting same comment for each, 94SP comment recovery time to 100% is 60 min.
184SP comment recovery time to 100% is 26 min.
I was just getting ready to pull the trigger on a steem buy. Fortunately I saw the message and will wait. I sure hope they get this sorted out soon. It's been a real pain!
I wish the message was up befor I placed my order!. Thanks for stopping by CB
Wow... g'd-dang. I too was about to grab some Steem until I saw your post... I probably would have noticed the big banner on the site, you saved me a trip. Wonder how are they going to be able to stay on top of the trades and post/upvote without shutting down every-other-day to recharge RC? Oh, boy.
Posted using Partiko Android
They could always have 2 accounts. Just my thoughts. Thanks for stopping by
Hi @raybrockman, yes it's been a long week. I use bittrex to buy bitcoin with my steem and then transfer the bitcoin to a SA wallet Luno. But bittrex is steem and sbd wallets is down. The blond is not even sure how blocktrades works. Can I do the same there and will that be ok? I really need to get my steem out!
Yes block trade will convert your steem to a currency and then send it to what ever wallet you choose. Hope this helps.
They can power up more Steem like the rest of us. Should be no problem here.
Posted using Partiko Android
This is true, but with nearly 2 million steem power already, can they do this and it help?
I must agree with you that the fees are high.
Have you seen StealerX exchange ?
Its FREE and decentralized.
I will check it out, Thanks!
Delegations are mess now do you have to have enough mana to cover the delegating SP. I think it's going to really screw up the lease world.
Not sure buddy, hasnt seem to effect it yet, hell blocktrades was running a half price sale on delegations.
Holy smokes just read that comment - guess voice to text didn't work well, tried to make a comment while siting out a game, but it quickly because my turn to play ball so I just posted and ran!!
My point was if you have 100 SP at 80% mana, you can only delegate 80SP. So now I wonder if we have to return leases at a certain mana level.... Or if we drain the mana - and then return it, the SP owner can't turn around and lease it to someone else until it has full mana. If they do delegate it right away, the mana will mix and drop way down. How to calculate all of that for lease pricing seems really complex.
I think there is still a 5 day cool down period on delegations. If this is so then it would recharge before they could re-lease it anyways.
Why not just buy Steem on Binance and send it to your wallet?
Binance has steem suspended!
What do you mean with suspended? I can still see active trades going one there?
You can not deposit or withdraw steem from binance, you can trade in and out of it on binance but you can not withdraw steem.
Wow I did not know that. Is this temporary? You know why it's suspended?
Thank you for your continued support of SteemSilverGold
I would imagine that the RC system will only make their surcharges for the Steem Blockchain higher. I’ve never used Blocktrades for delegating or to buy Steem with coins other than SBD, but if any outgoing service they provide now costs RCs, there will be competition to receive their services before their RCs run too low to guarantee the completion of their services, which I think would mean that they will need to charge higher fees to make sure that they can cover their RC costs.
Congratulations! By using @tipU service today you have won STEEM MONSTER Booster pack :) Please go to https://steemmonsters.com and login to claim your reward
More info about the @tipU STEEM MONSTERS lottery :).
Hi Ray. The RC they have is based on their undelegated SP which in our eyes looks huge. However their many blockchain transactions run them out of RC regularly. If they must undelegate more SP to be able to operate 24/7 this can only mean that …….the fees go up further. But the RC at least makes clear who is making most of the costs...
Hopefully, everything will get worked out soon before to much damage is done to the platform. I think after a couple of days or a week even, things will start to get back on track (I hope).
Yea this is a steem problem not blocktrades. Never even thought about this problem but its one steem needs to fix if they want to hit the top 20.
I don't have this issue, but some of my posts suffer from lack of "bandwidth", and I get a message to buy more Steem.
While I enjoy the community, it has not been profitable, just fun....Until now. I may abandon the platform, and work with more profitable media. - Powman www.bitcoinmoneyman.com
Warm greetings to you,
There's an invite giveaway contest going on can you join please,:blush:
The Contest ends on the 15th of September
https://discord.gg/VDcqfnN
I am very sorry for bothering you, I am open to join any server you want as well :slight_smile:
Please don't leave the server after joining.,
Hello There, we are happy to announce our Discord invite campaign!. You will earn rewards simply for inviting your friends to the channel.
Top 5 inviters will win the following:
:trophy: 1st place - 250$ usd
:trophy: 2nd place - 150$ usd
:trophy: 3rd place - 75$ usd
:trophy: 4th place - 50$ usd
:trophy: 5th place - 25$ usd
Join from here: https://discord.gg/VDcqfnN
A total of 550$ worth of BTC/ETH would be given away on 15th plus other prices, Join today and don't leave
Thanks