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RE: Steemit: The Anti-Social Network
It’s a massive innovation that an account with no holdings may transact (there’s no other chain with functionality like this) and another that many have access to creating these accounts (with Account Credits derived from Resource Credits). More apps can now tap into the account creation process.
As for where we go from here — entitlement to high number of social platform level transactions is very high. So this is a sensitive topic. Case study, though: Reddit limits these transactions quite a bit, much more than instagram, Twitter and FB.
To deal with this we can approach it a few ways:
- Culturally, by encouraging newbies to buy a few dollars of STEEM. And 1a. By teaching newbies about the system.
- Systematically, by Steem having its minimum RCs based on Account raised. (This enables spammers and I don’t recommend it change much).
- Rely on a third party for account creations with delegated RCs. Delegated RCs isn’t implemented yet but it will help with this issue by allowing apps to delegate their RCs during their faucet flow. In the meantime there is also the ability to rely on Steemit, which is fufilling this possibility by delegating SP to users that go through our faucet. As part of (3.), Steemit, thanks to HF Velocity and reduced explicit costs of account creation, we will be giving out accounts more liberally, with decreased wait times and more means for basic verification, but with more rigorous de-delegation for spam and inactivity.
Posted from my iPhone. Please excuse mistakes, ommisions and grammatical errors.
I definitely agree, and sorry if i glossed over that in my original comment. The RC system and discounted account creation system are a fantastic innovation and you and your team deserve a lot of credit for that.
My point is simply that, if new accounts aren't able to reasonably transact, then it doesn't really matter if more apps can tap into account creation because account creation isn't really what they are after, it's user activity and interaction.
In my opinion, a new account should be able to reasonably transact without additional SP or RC delegation. We, as a community, can decide what exactly constitutes being able to "reasonably transact", but I think most of us can agree that we currently do not meet that definition.
Correct me if I'm wrong here, but if the top witnesses were to increase the account creation fee, then that would increase the "minimum RCs based on account", right? So if we, as a community, agree that 15 SP worth of RCs allows a new account to "reasonably transact", then I think that's what the account creation fee should be set to.
Assuming that accounts created using a discounted account creation token would also have 15 SP worth of minimum RCs then I think this solves the problem. Apps can now tap into the account creation process using their invested SP and the accounts they create will have enough RC to reasonably transact without additional SP delegation.
Yeap I’m with you — now it’s time to iterate this functionality to greatness. Once delegated RCs are in play, the delegations can be much more liberal as there is no explicit economic loan (SP (voting power) delegation) that can be abused
I don't understand why people don't seem to understand this aspect of RCs. The system will allow the community and Dapps to be much more autonomous and be able to support their communities and, limit abuse heavily.
I haven't been this excited about Steems future since I started. The RC system is potentially brilliant once the delegations and infrastructure are in play. Good job mate.
I hope you are right. The part there that is missing for some people (like me) is the "once the delegations and infrastructure are in play"... Of course we all want to see the place succeed, so the sooner that happens the more we can all row the boat touting the wonders of Steem and Steemit too.
I am not technical but I think there is an order of business here where the RCs had to be implemented first to understand the costs of each transaction. Once that is known, developers all round can guesstimate their needs. I also think it gives time to collect account credits without as much distraction from other factors. I can't say if I am right but there is opportunity here for all.
Thank you for the further information and explanation. I am not technical either so no worries (ps... you sounded mighty technical to me) :)
And I will be super excited if they get the right balance... and I do like to see your enthusiasm, it can be infectious if they make the adjustments you suggested are coming!
Thanks again!
Wonderful suggestion mate, i am a fan. Good to see you up and running after the kidney stone surgery. Stay safe friend on the otherside.
I would suggest that you increase the account creation fee by a week or two worth of RCs for minimum human function - which won't make much cost difference there - and transfer them to the new account on signup, in much the same way Steem was under the previous system.
That wouldn't enable spammers as much as a full bump to the account's maximum and recharge rate, but would allow it to transact for its first week or two while it earned a few Steem to get it moving on its own.