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RE: Resource Credits Explained by Senior Blockchain Engineer @Vandeberg
RCs do limit what spam accounts can do, but new users who find they cannot post due to low RC need some clear indication of how they can remedy that, e.g. by buying some Steem to power up. There are various people who will delegate to new accounts and it ought to be easy to find those.
All new users can use this website https://giftgiver.me
for a free 30 SP ( 60,000.000 VESTS ) for 7 days , all by completing a CAPTCHA ;) created by @rishi556 and using same tech in CAPTCHA token by @heimindanger https://captcha.steemwhales.com which pays you steem engine tokens to complete captchas,
We could potentially set up a captcha signup maybe with @steem.ninja or even over discord using @banjo bot by @inertia or any system that can simply have a potential new user go here https://captcha.steemwhales.com which just asks for a steem account to send the captchas, they can be told to use some rotating account owned by this signup system, and the new potential users completes a certain amount of captchas, worth 0.00145 STEEM / $0.00026 so you need 1000 CAPTCHA is 1.15 Steem .. if you can do 1 captcha per second thats 16 minutes, but lets say it may take 2 seconds per captcha so 33.33 minutes to get 1.15 steem..., thats around 2 steem per hour. one and ahalf hour and you are at 3 steem the flat rate for account creation. @heimindanger could have a great steem account creation faucet here. If we buy INV for this which are 1.8 steem it can cut the time down to under an hour but theres only 7 thousand INV and the price could increase so lets just stick with the 3 steem account creation fee post HF20.... it will be 3 steem no matter how many we buy, nomarket changes so if we just tell people it will take 1 and a half hours to "MINE" their account doing captchas I believe we can have a nice self sustaining steem account faucet
It should only take half an hour to farm that 1.15 steem that it sometimes costs for 1 INV for https://invite.steem.ninja or on https://steeminvite.com you can just buy a steem account for 3 steem from the blockchain always, flat rate wont increase, so, there we go
i am shocked by these numbers I thought it would take only hours to get the steem needed for a new account just from doing captchas, but I re did the math and it checks out and it depends on how much @heimindangerbuys back CAPTCHA tokens for but knowing they can be used to create accounts in soem way coudl add value to them.. maybe :D .
This is exactly why Steem is an epic fail regards adoption and will never ever mass onboard users .
It will be interesting to see if people try to delegate RC for profit, to help new users, or both.
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Of course that will happen if there is profit to be had. We have that freedom on Steem, but I already delegate SP to people for nothing to try and build the community.
I appreciate that we all have a choice. I don’t see anything wrong with trying to earn on our investments but I think it is short sighted if we don’t help the newest members of the community when we have the resources to do so. Appreciate your perspective!
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In all due honesty the whole thing is two faced. People who came here did so because it was trotted as the place you could earn for posting and blogging. So it was pay to play. Now a couple two, three years down the road they faced the problem of people spamming and taking advantage of the system. Now they want to implement stake to play. Really though what has stake to play shown?...basically the same pattern as those who were spamming and taking advantage of the system, a lot of people with high stake spamming junk all over the trending page for a high rate of return....I hardly call that being premium. Yeah it's premium pay to those abusing and bid bot owners but it's not building a premium blockchain by any means. In essence what they are saying is if you want to invest a large sum of money into buying steem we'll let you abuse this system all you want. The ironic part is there are many accounts out there who don't buy into bidbots and have done quite well on the platform, they'll continue to do well because they've honestly earned their way into it...on the other hand for similar like minded people they have basically made it impossible to onboard them as, in my opinion, those people producing high quality content are obviously intelligent people who aren't going to invest into a system they feel they will have to cheap-en themselves to gain back their investment in a timely fashion. I highly doubt they will onboard new accounts representing real people behind them, what I think we will continue to see is the expansion of sock puppets with those people finding creative ways to delegate to their socks, growing accounts that will let eventually let them powerdown one sock while working their other socks to enable them to do the same thing. I don't mean to sound like a debbie downer in all this but in the reality of it all it will be, in the end, why regulators will come down and regulate crypto's. I would hardly imagine that when the times comes they will not accept the excuse we didn't have any other means to deal with spammers while letting investors spam the system for profit. In the real world of things...and usually the real world does tend to come knocking, what this amounts to is nothing short of what they call giving kickbacks only in this case they are kicking back to themselves. Whatever lights their fires I guess but one day they may find themselves seriously burned.
There is no perfect system and it's hard to anticipate how people will use and abuse it. The hardforks have tried to address the issues. It was not pay to play originally as you did not have to buy anything. New users can still get some delegation from Steemit and I'll do it for accounts I create with RCs. I don't like to be absolutist about things and I still see potential for Steem. You can earn despite the bots and other abuse.
I know you can still earn without the bots and other abuse....I plainly stated such and have seen it first hand. What their main concern should be is looking at the consequences (and the day will come, it always does, just like the IRS sending out letters to crypto holders) of trying to explain how you felt you could be selective in going after who was abusing the system especially when the people they didn't go after were the highest stake holders using multiple accounts to obtain what most would consider kickbacks to themselves...the real pain will be felt by any who may be making these decisions and are engaging in this same behavior. I am just pointing out that every financial investor/instution whose run the gambit on the fringes eventually has fallen, most into a prison cell. The SEC chairman has already declared that holders of cryptos have the same protections as any other fiat because crypto's hold a value therefore they fall under the same regulatory guidelines as other fiat. You can make moves that benefit a sector of those participating but there is a question of legality in the long term...and like all the Bernie Madoff's of the world come to eventually realize their are consequences to be paid it's just a matter of when. That comes in steps....first the acknowledgement that crypto's have value and fall under the same regulatory guidelines, done, then the acknowledgement that people must and will be forced to pay taxes on it, done, all that leaves is the acknowledgement that there will be enforcement upon regulations just like any other investor/investments.
https://www.sec.gov/news/testimony/testimony-virtual-currencies-oversight-role-us-securities-and-exchange-commission
i totally agree with your comment . As a content creator i won't invest my money and even my video here.
It feel really cheap-en myself. My video after 1 to 2 years still generate money but here i only have 7 days .
At youtube if your video generate view, you get a share of the ads revenue .
Now with the ads implement in to steemit , will it share the profit with content creator that create good content? If no than it feel like we are working for free.