Resource Credit Delegation Pools Close To Being Rolled Out

in steem •  last month  (edited)

Steemit, Inc announced it has implemented the RC Delegation Pool feature itself.

This is great. The ability to delegate Resource Credits is a crucial part of what makes faster onboarding possible. Delegating Resource Credits makes it possible to separate voting power from the ability to interact with the blockchain. Steem users who have thousands of SP have an excess of RCs available to them. With the delegation pools, it will be possible not only to enable new users to interact with the chain without delegating them power over the inflation pool but also for SP holders to earn by delegating RCs to apps or anyone willing to pay for them.

RCs won't and shouldn't be priced too high, of course, because the idea is to attract new users. It's an interesting question what RC's could be worth. It takes five days for RC Mana to regenerate from 0 to 100%. Someone with ~4500 SP is able to claim one account ticket once every five days and pay for the claim with their RCs. An alternate way to pay for one ticket is to burn 3 STEEM. Having ~4500 SP allows one to earn about 18 STEEM worth of account tickets per month. That translates into an APR of 18*12 SP/4500 SP = 4.8% for holding Steem Power. Note that Resource Credits represent genuine utility apart from just being in partial control of STEEM inflation. Account creation is but one thing Resourced Credits are needed for. Every other type of transaction requires RC, too, although account creation is the biggest sink of it. (Of course, account tickets are not transferable - at least for now, which greatly hinders the formation of a market for them.)

What I don't know is how accurately the RC system measures the actual cost of running the hardware and whether or not its parameters are self-adjusting or whether they are something for witnesses to set at run time like price feeds.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hola cómo estás Soy Víctor de Quito Ecuador te hago una cordial invitación👨🏼‍💻a mi grupo😍 El objetivo es ayudarnos🌎👍🏼 entre todos para votar por cada publicación🚀 que se registra en este grupo Cómo sabemos dentro de los 30 minutos me gustaría que tú participes y nos unamos para sacar provecho con nuestros votos💰😎 aquí te dejo la referencia Unete al GRUPO http://bit.ly/GrupoDeSteemit

Very nice article! You know so much!
Thanks for sharing!

I'm wondering about how much a person with 2000sp should delegate in rc's to keep running their account as normal. I have never done anything with rc's to make mind drop below 100%. I'd be willing to delegate as much of mine as I could get away with.

I think about 100 SP would be more than enough for a normal user.

Posted using Partiko iOS

Hi @markkujantunen!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.017 which ranks you at #3909 across all Steem accounts.
Your rank has improved 12 places in the last three days (old rank 3921).

In our last Algorithmic Curation Round, consisting of 134 contributions, your post is ranked at #97.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers like your work!
  • Try to improve on your user engagement! The more interesting interaction in the comments of your post, the better!

Feel free to join our @steem-ua Discord server

You got a 30.73% upvote from @ocdb courtesy of @markkujantunen! :)

@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 15 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.

If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)