I don't mind that this blockchain requires users to invest a little bit into steempower if they want to transact more than 3-5 times a day.
This is not facebook, this is not instagram, this is not youtube. Here you are not the product. Here your data won't be sold. Here you won't find adds.
You invest in Steempower because you love the products that are build here and because you want to use them. You also have a chance to earn some ROI.
And you only have to invest in the amount of Steempower that you use per day. It regenerates 20% every day all by itself.
Also, this money is not gone, the investment can always be changed back to fiat (how much does depends on the Steem price).
The fact you can transact here for free (even when it's very little) without having any of the token makes it unique in the crypto space already.
There is not a single blockchain out there where you can do that and it should not be underestimated.
And it's a feature that will be build upon. And it will.
Look at this:
This was a comment made by Ned yesterday.
Source: here
It appears it will be possible to delegate RC separate from Voting Mana in the future.
This is great news.
It means that it will be possible to help projects or new accounts with RC's so they can transact without losing your own voting power.
Right now it's not the case though.
You need to have some skin in the game to be able to use the blockchain.
But this is now.
In the future it will most likely not be needed when projects can delegate their RC's.
Everyone is free to wait for that time.
But I know where I rather be. I haven't touched Facebook or Instagram since discovering this blockchain and there is not a day where I miss any of them.
I talk about it more in my vlog
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect
We are the creators of Steemify a notification app for your Steemit account for iOS.
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Useful information on rc deligation thanks for share.
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Very true, you buy what Steem you need and when you don't need it anymore you can sell it. And like you said, I believe moving forward there will be improvements to the system where new people signing up can do more things in terms of commenting etc.
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I still don't know what to think of RC, I have enough SP so that these limitations don't affect me but it seems like new users are affected pretty badly by these limitations. Yesterday, after fixing a few bugs with @checky's code, I let it run for the first time since the hard fork and the RC limitations were quickly apparent. I had to delegate 300 SP to my bot for it to run smoothly and I'll probably have to delegate more in the next days... Hopefully RC delegation comes soon because I don't want to delegate all my SP to a bot that doesn't even vote !
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RC delegation will fix a lot of these issues I'm sure.
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delegating RC’s sounds like the perfect solution. heck even with my little 4700 steem power and as active as i try to be....i can’t see myself using up all my RC’s in a day.
the only thing i would be concerned about is how much patience do we need to get larger onboarding numbers.
if you make things too difficult for people they will just give up and go elsewhere. not saying there is a solid alternative right now. but who knows what 6 months may bring.
i’d love to see more people joining steem and getting their feet wet. it’s a fantastic place to play!
Posted using Partiko iOS
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You know it! The opportunities here are endless imho.
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The ability to delegate RC will be great for many reasons! First, you could potentially help those you bring to the community onboard with a small delegation. Second, you could help great projects that need more to fully develop. Third, there is a potential for some passive returns to your SP position. Given the amount larger accounts have and never get close to using, I think it is a great proposition for all those involved!
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I think steem is slowly going trought the right direction!
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how will delegating mana effect me? The whole two posts a day before you run out on new accounts is killing the only person i ever brought here. I literally told her come on steemit and comment, now its like twice day before the juice runs out. System right now is broken, for new people anyway.
Asking people to buy steem just sounds kind of sketch. yeah free site you just cant post unless you pay. All the message boards are free, honestly i would prefer sidebar ads if it is what it takes that to give redfish unlimited posting power. Posting twice before running out of power is crazy
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You could always delegate her 50SP until she can stand on her own feet. Then she doesn't have to invest. In the future you will be able to delegate her some of your RC's so you will keep your voting power.
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Agree @exyle, I had to delegate some of my SP to a friend for him to being able to transact with the blockchain more than a couple of times a day. I am sure fixes will come out soon, investing some money into the platform is also a good idea, I mean, as you said, that money is not lost so it is not like paying for a subscription.
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RC delegation can be a good development, because we want the spam to be reduced the most as possible, but we still want new users to be able to be active on the platform.
This system is better without a doubt, but like any project constantly developing we will find problems.
Btw, the parallelism with the mobile phone was close to perfect. And the fun part is that you only need to pay once and not only are you able to do everything you want, but you suddenly are investing on the future.
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Hi nice information.i have no power you upvote me.i give below link
https://steemit.com/mgsc/@avinashsingh/bitcoin-debuts-on-the-world-s-largest-futures-exchange-and-prices-fall-slightly
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A very brief explanation, though I was being out of the Steemit for like two months now. So some terminologies just got over my head like What is ROI and RC. Do you have the time to tell me what's these?
The step to transact with a certain amount of steem power is really good from their side. I think it's like giving some part of you to the blockchain and that's really good.
Thanks for sharing nice info. Have a nice day ahead.!!!
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ROI = return on investment
RC = resource credits
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Thank you very much.!!
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You're welcome! :)
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I'm curious what will be the rewards for delegating RCs. Anyway this mechanic looks better and better.
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Yup, delegating RC seems a natural move and it was probably planned since the begging. I just hope there's gonna be an easy way to do it :)
For example: the voting bots have tons of unused RCs. I wish there was a website, where you could login trough steemconnect and allow users to create accounts using your RCs (although without any SP delegation, those accounts could probably make 1 transaction per day which is not ideal :)
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I was able to get myself to a pretty decent level just by posting. In the beginning I had some issues with Bandwidth, but as I posted more and earned more, those issues soon faded away. Now, much later, I have decided to invest some of my outside money into Steem. Not because I need to though, but because I believe in it and I want to share my success with others through delegations and upvotes.
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No android version for steemify ?
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The android Beta just finished it shouldn't be long before it's in the store.
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I have an alt account with very little SP. I can only transact about four times a day. I may make an SP donation to help. Frustrating but understandable. Blockchain ain't free!
Posted using Partiko Android
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That's actually good for the steem overall it will help it to grow more that's how it should be from the start :)
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This is what I was looking for and it's great news for the steam blockchain! @kenmelendez
People will eventually be able to delegate their RC's to other people that need it without having to cut into their personal Steem Power (mana).
You can talk about this on your Coffee & Crypto episode by addressing the question I asked about people with only 15 SP.
Thank you fo sharing @exyle 🙂👍🏼
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You're welcome!
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Starting to feel a little bit like EOS! Haha
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Is this a good or a bad thing in your opinion?
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Well, it feels a little bit different, but I don't think that it's necessarily a bad thing. RCs are just feeling a bit like RAM.
I was mainly joking haha. I participate on both platforms. Great tech!
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Thanks for pointing that out, seems like things can get more interesting.
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Well delegating rc seems like a brilliant idea but how will that affect the account doing the delegating? Also will this be like delegating SP; can it be paid for? If it can then will bots not be able to use it to spam?
I am a noob about all of this, so may be my questions are off base but it would be good to know. Thanks.
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