In about 6 hours we will switch to the new hard fork 20 (Source+Timer HERE).
We will go from the old 'bandwidth' system to a resource credits system (RC's).
The amount of Steempower you have dictates how much RC's you can use on the Steem blockchain.
Every action on the blockchain will consume RC's (example: voting, posting, commenting, transacting).
The amount of RC's per different action is not fixed and can change over time. It's a decentralised free market system. It will find balance within a week according to Steem Inc.
Nobody knows 100% sure what actions will cost right after the hard fork hits and therefor I recommend you take it a little bit slow at first just to make sure you don't drain all your RC's straight away by accident.
Example: Let's say commenting a second after the hard fork cost an enormous amount of RC's for Reason X and doing the same action tommorow cost way less because the system found a much better balance (RC cost) for this action.
RC's just like bandwidth replenish over time.
I expect if you have decent amount of SP (and therefor RC's) you don't have to worry much about all this but if you have little SP I would recommend you not go too heavy after the hard fork hits incase you will drain your RC's to fast.
6 hours to go! Pretty exciting.
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Thanks for the post @exyle
I like one of the new changes; No longer 30 minutes but 15 minutes to reply to a post to get curation rewards.
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Good advice.
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How much would you say is too little? The fact that there is no set price is kinda troubling.
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No one knows. That's the problem. Therefor I would recommend taking it a little slow until more is clear. I expect more to be clear pretty soon after the hard fork is done though.
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(crosses fingers and toes it all goes well)
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What would be a little sp @exyle? I have about 700 + but I have delegated 400 out of it. Is 300+ a little sp or good enough?
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I think that's more than enough when balance is found. But like I said straight after the hard fork no one knows so take it a little slow just in case is what I would recommend.
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Oh thank you. I will take your advice. I have done my posting for the day then. Until tomorrow... Lol
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Thanks for information on hardfrok 20.
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I am super excited to know what will happen in this hardfork. Is this benificial to the newbies like me? I just joined a days ago and I've been having problems connecting to people as I don't see any button to start chat. Correct me if i'm wrong but isn't hardfork like a software update to steemit? If it is why aren't they adding a chat button? It'd be easier to connect to people and form a community.
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Unfortunatle there is not chat such as unless you connect with people through Steem-chat or discord... I sure hope this changes in the future.
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Is there any way you can help me connect with people? Because I really want to make friends here rather trying to make attention-seeking kinda comments and posts which won't even get looked by anybody. Just making myself feel discouraged.
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Thanks for the heads up. where will we be able to see how much RC we have and how much we have used?
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Looks like you were right about rushing things - https://steemit.com/exyle/@exyle/are-we-rushing-the-hard-fork-or-is-just-me-dlive-distraction-and-last-minute-updates-to-the-hardfork
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The one thing I've seen that's kinda bugging me is this. Hopefully it goes over decently, at least.
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So bandwidth gets replaced with resource credits, but the determinant for RCs is different for RCs than bandwidth? Why is there not a detailed explanation of the difference? Where is Ned? Isn't he the one who could/should explain all this?
Thanks for the heads-up @exyle
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https://steemit.com/@steemitblog/blockchain-update-4-resource-credit-implementation-details
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And where I can see this RC's ? how lot I have to use ?
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Thanks for this great advice. I have the countdown timer running on my machine and I am just waiting to see how this is going to go. What do you consider a decent amount of SP?
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Thanks for the advice @exyle. I don't have much SP.
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I'm getting a load in this morning @exyle before I go out.
I hope Steemworld will show it as a metric if we need to keep a close eye on it.
Have a fun day! 😊
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I’m ready 🤣😎
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Nice advice for a little chicken
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I agree and your example is very likely to happen. Really useful advice, especially considering that the majority of the users don´t have much SP (just like me), slowly but surely is the way to go...
I´m going to get 2 posts out now, just in case... saying goodbye to this system! :D
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you make very valuable posts, thank you for that :)
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I will follow your advice! I'll sit and wait. I'll have some coffee in the meantime. Greetings
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smashing up the likes before hf20 less than 45 mins to go exciting times :) thanks for the timer link ;)
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Thanks for this timely post and also I can be active until the real-time the hardfork will happen as shown on Hardfork timer
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Lot of changes are gonna be happening time to start learning all about it
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Ohhhh! I didn’t even realize we were on the brink of a HF! That’s for the update, @exyle! You back from Brazil yet?
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A big shout out to all the Steem witnesses! Make us proud!
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