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RE: Hardfork 20 - missing information
As far as I know Steemit intends to use the subsidized account creation to the maximum extent possible. I think we need to be very careful about the rate of subsidized account creation. Each new account 'comes with' a specified amount of 'free' RCs which means, going forward, increased ongoing demands on the system without any increased demand for STEEM (or, viewed alternately, a dilution of available RCs for existing STEEM/SP holders).
Remember that they are already creating "free" bandwidth without increased demand for steem, as the steem is ninja mined.
Arguably true but there is an inherent multiplication with these 'free' accounts. If you use X RCs to create an account, that new account then throws off Y RCs per day forever. If the ratio between X and Y is too low this can have a profound effect on the system.
Thanks. As long as Steemit Inc is the dominant beneficiary of the subsidy pool, I completely agree we need to be very careful (hence this post). I'll be publishing a very low budget to begin with, and see how things progress from there.