Account Approvals Enter Thrive Mode

in steemit •  28 days ago 

account approvals.jpg

Hello Steemians, we are excited to inform you about changes to our account approval process that have occurred behind the scenes. While we cannot disclose too much information about our account approval process in order to mitigate against attack vectors, we do want to inform you that the average wait time for a Steem account that is processed steemit.com has been dramatically reduced. Account approvals can take as little as a few minutes, and as long as a couple of days.

Signup Abuse

There are some important caveats to this announcement. These approval speeds are dependent on the current rate of signups and the current quality of signups. One of the challenges we’ve always faced is that the easier it is to sign up, and the faster the approval process, the more prone the faucet (the system for distributing blockchain accounts) becomes to abuse.

Invite Your Friends!

The more people who sign up with their real e-mails, and their real phone numbers, the faster they get approved, and the faster everyone else in the queue gets approved. Malicious signups on the other hand clog up the system.

For anyone who has been holding off on inviting their friends due to the long wait times, that should no longer be a concern.

That being said, it will benefit everyone if you only encourage high quality signups, and encourage those people to use their real e-mail address and phone numbers to maximize their user experience, and the user experience of other faucet users.

Problem Solved?

This is by no means a permanent solution, but it is a major step in the right direction. One of the most common complaints we hear is that the sign up process takes too long, and we agree! That’s why we’ve reduced that time frame by 85% in many cases.

RCs: Another Onboarding Bottleneck

One important feature that is coming with SMTs is RC Delegation Pools which are critical to improving Steem onboarding. We don’t want to onboard an order of magnitude more users if it means that everyone’s ability to transact on Steem is greatly diminished. Steem has finite resources, and the RC system is designed to ensure that those resources are not over-consumed, while keeping Steem free-to-use.

The RC system is incredibly innovative and has performed extremely well to mitigate blockchain spam. That being said, there are far more resources available than are currently being used because large stakeholders often have tons of RCs that they don’t use.

Getting RCs Into More Hands

Those RCs represent network resources that could be used by smaller stakeholders and new users to have delightful experiences on Steem, but because RCs are non-transferrable by design, they remain “locked up” in the large stakeholder’s account. RCs are implicitly transferable via Steem Power delegations, but transferring voting rights is often not desired by larger stakeholder's and can even be detrimental to the ecosystem as a whole.

RC Oversubscription

RC Delegation Pools will enable large stakeholders to delegate their RCs to “pools” from which a multiple of those RCs can be distributed, without delegating Steem Power. For example, imagine I have 10 Steem friends all of whom only ever use 10% of their RCs max. We can delegate RCs to an RC Delegation Pool which in turn could distribute 10 times the number of RCs we delegate to it without experiencing any diminution in service! We call this “oversubscription.”

In many cases that could mean that just a few Steem stakeholders could delegate RCs to thousands of users. Just a few groups like these could easily support an order of magnitude increase in the user base without creating a negative user experience on Steem. RC Delegation Pools will enable a major leap forward in blockchain onboarding, and a large piece of the puzzle for onboarding the masses to the blockchain.

To learn more about Resource Credits and RC Delegation Pools, check out this interview with Steemit’s Senior Blockchain Engineer, @vandeberg:

The Steemit Team

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Just curious, will there be incentives to delegating RC? If i never use 99% of my RC credits it would be nice to be able to delegate the RC while keeping my SP and get to earn some additional steem

Just curious, will there be incentives to delegating RC?

I imagine dapps will incentivize RC delegation by giving their own tokens.

Now that’s what I call a good improvement!

This should s a welcome development in the steemit block chain! It will in no doubt accelerate sign up which is ever needed now than ever before!

  ·  28 days ago (edited)

Just a few groups like these could easily support an order of magnitude increase in the user base without creating a negative user experience on Steem

Maybe. Currently it costs a certain amount of RCs to create a post, a certain amount to vote, etc. These numbers are not fixed. If there is an order of magntude more demand for resources, these prices will increase, regardless of where that RC is coming from. These parameters were set, roughly, based on sustainable resource usage rates for blockchain sustainability. While some progress has been made on scalability and sustainability with MIRA, its numerous limitations mean that doesn't seem to quite get us there, yet.

How much headroom for increased usage is there within the current physical blockchain scalability without significantly increasing the RCs required for each basic operation, which is essentially two steps forward, one (or two?) steps back?

I would really like to see this question answered, as my basic understanding of RCs was the cost of actions was determined by the number of actions and associated state cost to the blockchain - I thought that if there was an increase in number of actions / state cost without corresponding rise in vests, the RC cost associated with each action would rise accordingly. Is that not the case?

Vests dont play a role. The size of the RC resource pools was set by developers based on their assessment of hardware resources and likely hardware improvement trends over time. To change those assumptions requires a fork, but forking to change the assumptions doesn't, by itself, change the reality of hardware resources.

Other than that, your comment is correct. More actions will increase the RC cost associated with each action to rebalance back something in line with hardware resources.

Thanks for the response - I thought for some reason the "size of the pool" was relative to total vests, thanks for the correction.

Awesome. Was just looking for a fast way to approve a contact without creating it myself.

Put us to the test! Just reinforce the importance that they use their real e-mail address and phone number. If they don't get approved relatively fast, you'll know why!

Excellent, thanks. When it comes to real email, what does that mean (for clarification) - most won't want to use a work email that gets monitored :)

  ·  27 days ago (edited)

Wow!

I dont think it is possible to calculate the number of hours that have been spent on solving this problem. looks like you guys have got an 85-90% full solution here, in that you have solved the RC issue, but not quite solved the instant onbaord issue. looking forward to seeing it working. congrats. a huge huge break!

That's what invite.steem.ninja is for!

Will there be a grandma friendly post about this so I can share on Facebook?

Maybe like a promo post about Fast signups.. Something that will share well like on FB, LinkedIn, or Twitter..

In all seriousness, this post is the sort of thing that needs to get advertised to other platforms.

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That being said, it will benefit everyone if you only encourage high quality signups, and encourage those people to use their real e-mail address and phone numbers to maximize their user experience, and the user experience of other faucet users.

I don't wanna doxx em

This is great news and although I hope people will respect the idea of good accounts... I'm sure some will sneak though.

It took only half day to activate my steem account. Thanks to the new system.
I saw on blogs that the sign up process took a week for some people earlier.
Great job Steemit team.

@steemitblog,
Yeah RC delegation will become a key of SMT. Seems we have 2 ways to earn then!
$trdo

Cheers~

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@steemitblog got 7.87363200 TRDO & @theguruasia got 5.24908800 TRDO!

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Does delegating steem also delegate the voting rights for the witnesses and proposal system?

No. When the post mentions voting rights it is talking about voting on posts and comments.

Okay, got me confused. Thanks.

Posted using Partiko iOS

It shouldn't. You would have to specifically set a proxy for that to happen.

  ·  28 days ago (edited)

Very encouraging news to hear of the upcoming RC Delegation Pools. Hopefully coming in the near future!

Wow great improvement, time to start reinviting my friends once again hehehe.

Really great news for steem mass adoption.

Resource Credits might be innovative, but they've been a disaster for this blockchain.

Resource Credits might be innovative, but they've been a disaster for this blockchain.

Do you mean the HF20 hiccup or going forward since then?

This is very, very good news!

Is there any idea on when RC delegation might become a thing? It would make GiftGiver's idea much easier to fulfill.

Is there a one click link that we can share with people that brings them to an invite interface?

Why steem price is continue falling after HF ?

all coins are down even bitcoin

When the BTC rate was high, steem was going down. This year steem is going down down and down.

This will definitely bring some new users in... I hated before how people had to wait a while, it turned off a lot of people who I said to join years ago. Glad this change was made!

Steemit needs USD. Sell accounts, earn dollars.
Just add Pay with credit card + (buy additional Steem Power) option

This is good news but I've been trying to sign up my daughter and we cannot create the account although i've done one for my husband and my son simultaneously?

Thank you very much for this interview.

Two key points I got from it were:

  • history : reason to change from bandwidth to RC
  • minimize cognitive load

It doesn't really matter if we can sign people up, if Steemit keeps making it more and more difficult for new users to even have any hope of success.

Congrats on solving this problem.

Now, lets' get some hard forks that reduce the ludicrous tilt in the rewards to the haves here as opposed to the have nots, severely restrict the use of unlimited, malicious, ideologically-driven downvoting, and do SOMETHING to increase newbie retention rates.

Like it

Yeah the account approval times have been one of the issues I have had. It has also been a reason as to why I have not been inviting people. But with faster approval rates, and of course real emails and phone numbers. It is a step in the right direction! I think it should be advertised to other platforms as well. Twitter, Facebook, Medium. Even Bitcointalk!!! I really hope noone uses this to abuse the faucet though...

We have shared this on Twitter and Facebook.

!giphy applause

Posted using Partiko iOS



// Supported by witness untersatz! //

Why not wait until RC delegation pool actually become a thing? What's the point onboarding users now if they have no RCs unless they power up?

#sbi-skip

That's an amazing thing you let us know,
Thanks for sharing it.

This is an awesome improvement!!

Steem is $0.13 and falling .....
Call me when Stinc is ready to start making money instead of burning it.
You can find me in Splinterlands discord.

I think they've done a great job lowering the price to a point where more of us can get lots of Steem, just before it takes off. Maybe it wont this time but there's so much more happening now than when Steem was at the ATH, I'll take that gamble.

Just make it happen already. Me thinks you can't at this point.

I am really Glad with the Speed at which Steemit Engineering Team are really working hard towards ensuring and building a better community for all of us Steemians. Kudos to your All @steemitteam

Woe this amazing

  ·  27 days ago (edited)Reveal Comment
  ·  27 days ago (edited)

I guess part of their counterpoint would be that 'onboarding' is a narrow subset of usage and only requires that new users be given a small RC allowance to be able to interact. RC pools can do that painlessly to some extent, especially given that in practice many new accounts go inactive and then use literally zero RCs, as well as zero resources aside from the ongoing consensus state for the account itself (under the current design these are never cleared out).

I of course share the concern that focus on RCs seems to distract from the core issue of physical scalability (see my similar comment).

Hello @trafalgar, sorry if I disturb your time. I just want to say that @ me-tarzan raped the steem prize pool. in one day he posted up to 12 times. he keeps repeating the same post. and he never votes for others. he only voted for himself. besides that he repeatedly gave comments for his posts. it really looks like rubbish. I hope you check it.

Do you have a twitter account?

  ·  28 days ago Reveal Comment