Why transaction fees make for a better blockchain
Officially, there are no transaction fees in Steem.
Instead, the witnesses are paid out of inflation which is new currency creation.
This means that everyone pays transaction fees via dilution of their stake.
It is like collectivism, where everyone pay the cost of actions of some.
The spammers can freely send their 0.001 STEEM/SBD messages, payments to bidbots, and other payments and the passive users participate in the cost.
Such policy damages a blockchain by requiring more blocks due to more transactions and slows the flow in real time.
Both time performance and space performance were already permanently damaged, unless a hard fork will be done, and it will not be done, assuming my perception of the witnesses.
If spammers had to pay for each transaction, there would have been far less advertisements via memos in 0.001 STEEM/SBD transactions, less of the smaller bidbots, less resteem "services" and less shit content.
Again, decentralization and freedom of expression mean freedom of plagiarism and no copyrights.
In freedom there are no rights, and enforcement of a right contradicts freedom.
More generally, I prefer each one to pay for each of one's actions.
With no subsidy by inflation which makes the cost collectivized.
edit: I just found my nostalgic comment here when I searched for something else:
https://steemit.com/steem/@lexiconical/steem-usd1-07-plumbing-the-depths-of-usd1-support-at-bittrex-today#@stimialiti/re-lexiconical-re-stimialiti-re-lexiconical-re-stimialiti-re-lexiconical-re-stimialiti-re-lexiconical-steem-usd1-07-plumbing-the-depths-of-usd1-support-at-bittrex-today-20170820t035022232z
Highly rEsteemed!
... which means I agree.
It's not "there's no transaction fees instead the witnesses get paid". The witnesses will still get paid, transaction fees or not.
Except that would mean you pay for your vote, you pay for your post, you pay for your comment, do you pay by the letter?
I meant it particularly as you pay whenever transferring funds, but I also support paying for each action.
Paying for bandwidth consumed seems good enough.
The witnesses should get paid, just like miners and master nodes.
Witnesses get paid with or without transactions fees, it's not that transactions fees are paid cumulatively by the users. Also freedom of plagiarism doesn't make sense, freedom of speech means lying and claiming other's work as your own? The spam you speak of isn't taxing on the system considering that each transaction costs the spammer .001 steem/sbd and a better alternative instead of making transaction fees is to increase the minimum amount someone can transfer to .005 or .01 steem.
This comment has received a 24.27 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
Above average bids may get additional upvotes from our trail members!
Get Upvotes, Join Our Trail, or Delegate Some SP
I didn't know that's how it worked. Thanks for the info. In theory I agree with you.. We should not collectivize such things, however.. I also think no transaction fees is nice and an important pull. So.. I'm a little mixed on the issue. I wonder if there's another solution? Definitely something to think about more and will resteem so your message hopefully gets seen by more.
Particularly for spammers
I'm sure it would help, but.. Not sure how much it would really help in the grand scheme in regards to that, I'm sure the spammers would factor in the cost for transactions and still do what they are doing even if they made a little bit less profit.
I thought about such a factoring too, but it will also increase the cost of buying votes and possibly of voting itself.
It can render some of these too expensive to perform, and therefore to spam.
For some. Yes. But I don't think for all, for.. Spamming is similar to actual posting, if the information is valuable it will be rewarded if not it will generally be ignored. So.. For the low level spammers, yeah.. It would make it more difficult, but for the high level spammers who know what they are doing and who are making a profit, it would just mean they would make a little bit less like everyone else on the platform.
Similarly, taxes on transactions would hurt the smaller regular non spammers as well and make it harder for newbies to get started..
This comment has received a 45.45 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
Above average bids may get additional upvotes from our trail members!
Get Upvotes, Join Our Trail, or Delegate Some SP
This comment has received a 37.04 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
Above average bids may get additional upvotes from our trail members!
Get Upvotes, Join Our Trail, or Delegate Some SP
Sounds like taxation by requiring people to pay a fee. Is it not enough all the people telling others who, how often, and what, to vote for that now we need people telling others that you need to pay a tax for every transaction on steemit? That is the surest way to kill the freedom that steemit brings to many people. Also if spammers and scammers are can "freely send to bid bots" did you not also use a couple of bid bots for your post? Or is this another case of do as I say, not as I do, type post.
I do not need someone to tell me how to vote or how to use my vote power, any more than I need someone telling me I need to pay a transaction fee for this or for that, and then for this and then for that like a fricken bankster. If you want to pay transaction fees then find a place that will charge you for this and for that and don't forget the fee's for that other thing. Oh but wait...this group can't afford the fees so let them do it for free ...I am sure there are plenty of those type place in the internet, and on the blockchains that have been created, so you should not have any trouble finding a faster blockchain than steemit because they charge fees
It seems to me that of all the blockchains that are mentioned steemit that charges no fees is the FASTEST, so of course there are going to be people wanting steemit to charge fees, I wonder why, is it because the ones that charge fees are so much slower than steemit? Sorry---I don't buy your reasoning.
How could you post such a thing by the time you posted it?
Only a few hours ago, the fast steem blockchain was partially unusable.
https://steemit.com/steemit/@stimialiti/i-got-logged-out-then-when-i-logged-in-i-could-not-vote
Proof of work the way it is in cryptocurrencies today is so shit it can not be economically offset by fees.
Are fees the reason for its being shit?
The "steem" blockchain was still running, it did not "slow down", the "blockchain" did not become "unusable". There are other ways and means to access the "blockchain".
Steemit, the social interface to the "blockchain" had some issues, not the Blockchain
The fast steem blockchain never became unusable. Steemit the social interface may have, but as I Mentioned, there are a lot of ways to access the "steem" blockchain.
Good to know.
I read Steemit itself is decentralized and it makes me wonder why is Steemit so bad, while the STEEM blockchain functions well, according to you.
Are Steemworld.org and Steemitstage.org interfaces to STEEM like Steemit.com and Busy.org are?
Do they claim a part of their users' rewards like ChainBB, dmania, dlive, dtube, dsound, utopian.io etc?
Why do not you use busy.org?
Does it claim a part of its users' rewards?
Steemitstage.com, is supposed to be steemit.com 's test bed for user interface changes, so that issues like yesterday do not occur, or at least that was my understanding from the post I read from the dev team.
Steemworld.org, just pulls information from the blockchain, no fee, is an app being developed by @steemchiller. You can use steemworld.org to vote using a manual vote slider.
I know very little about Busy.org, some people like it some people don't. I don't use it because I did not like the user interface, for me it was "to busy" of a look.
This comment has received a 41.67 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
Above average bids may get additional upvotes from our trail members!
Get Upvotes, Join Our Trail, or Delegate Some SP
This comment has received a 41.67 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
Above average bids may get additional upvotes from our trail members!
Get Upvotes, Join Our Trail, or Delegate Some SP
This post has received a 22.22 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!
Above average bids may get additional upvotes from our trail members!
Get Upvotes, Join Our Trail, or Delegate Some SP
You got a 100.00% upvote from @greengrowth thanks to @stimialiti! You too can use @GreenGrowth by sending your post URL in the memo field to the bot. Minimum bid is 0.01.
If you feel this post is spammy or not worthy of @Greengrowth you can contact a moderator in our Discord Channel https://discord.gg/6DhnVTQ.
You got a 9.09% upvote from @mitsuko courtesy of @stimialiti!