Witness Update: minimum_account_creation_fee
You might wonder right now, why I've created 2 witness updates in such a short time span and well, there is an good reason:
I've just changed my minimum_account_creation_fee witness parameter from 0.100 STEEM to 0.200 STEEM. The change came after @pfunk made the following statement in the steem.chat witness channel:
Thank you @pfunk for this great initiative!
I'm also advising my fellow Witnesses to think about updating the minimum_account_creation_fee, if you believe this is the right decision. Every witness has to decide this for themselves!
If you don't think this is a great decision, then let me know in the comments below!
And if you're not sure how to do it or what the best way to update this parameter is:
Use Witness-Essentials, which includes a witness-watcher / failover & pricefeed script and also multiple commands. For example: to update your witness-parameters and to change your signing key.
In the case of witness-parameters, run the following inside the folder:
npm run update
Which will create the following outcome:
And if you prefer to use a GUI, then how about the HTML Witness Update Tool from @drakos.
With that said: Keep on Steemin!
Your (fellow) witness,
@therealwolf
Making Steem Greater
Projects developed by @therealwolf for Steem
| Smartsteem.com | Steem Chat-Wallet |
|---|---|
| Witness Essentials | Utopian.io Signup |
More about me
Do you share my vision for Steem? Let's work together to achieve it!
You can vote for me at https://steemit.com/~witnesses.
Or you can simply use steemconnect to vote for me or to set me as a proxy.
A big and sincere Thank you to all of those who support my efforts!
I very much disagree with this change. The majority of the account creation abuse that I am aware of came from either (1) the byteball airdrop; or (2) the steemit faucet.
In the case of (1), it has already been addressed by byteball and also changing the fee to 0.2 or 6 STEEM wouldn't have done anything because it would still have been very profitable to abuse.
For (2) it's actually worse because if the majority of the top witnesses update to a 0.2 STEEM fee then steemit inc will have to delegate double the amount of SP they are currently delegating to new accounts created through the faucet.
This will give abusers double the SP they are currently able to get. So in effect this change will be helping faucet abusers and doesn't seem to prevent anything as far as I can tell. Please let me know if I am wrong here.
Hey matt, I understand your concern regarding the double-delegation amount - it's a valid argument.
And I think it's healthy to have a debate about it and that's why a majority of witnesses are needed :)
Now, there are cases where users are creating puppet accounts themselves, without using Steemit Inc. and that's of course a lot cheaper currently, than it was when Steem was priced higher.
But I'm interested in hearing opinions about that matter from more witnesses.
Yea, I think it's a matter of which happens more often - people abusing the steemit faucet or people making puppet accounts using their own STEEM. My guess is it's the steemit faucet, in which case this change will make things worse.
Also we need to consider how this will affect legitimate users and sites/servers that create accounts for people. I'm not saying it's necessarily a bad change, but I haven't seen much research behind it other than "it used to be 0.2 STEEM before when the price was at this same level".
It's funny that one of the main vectors of "abuse" is a centralized entity that processes most account creation on what's supposed to be a "decentralized" blockchain. Also, don't current stakeholders benefit from higher account creation minimums...
Guess we won't have real discussions of how to actually retain users and grow past 100k users until such a level of activity won't throttle the network, so it may all just be moot points for now.
Those claims in the quote... ¡Are Simple Excuses!
Nah! @charitybot. I suspect this rush to increase from 0.100 STEEM to 0.200 STEEM the minimum_account_creation_fee by witnesses, Bidbots owners/operators with an approval vote and in general, every 'bug with nails' with stake 'authority' within steemit and the steem blockchain on these matters. Is just an optimistic proposal by these specimens to have the ability to squeeze up the shell and suck asap from the public pool with a bigger straw as much steem juice as they can, filling their already large bellies with exponential amounts of that juice before Tuesday, September 25, at 11:00am EST.
Before the new RCs schemes to create steemit's accounts make disappear a few teeth to their current forks to carve more wealth through their 'private' endeavors. };)
I didn't say what you're quoting, so you're replying to the wrong person.
Ah C'mon @charitybot... ¡That's obvious that you didn't say what I am quoting!
It was that with your reply you simply served a formidable bread bed on the table so that I filled it with my tasty extravagance to make a 'yummy' sandwich that everyone can gobble with gluttony!!! };)
Well, as long as more people can see the real reasons anyone would do any of this, I'm fine with that.
It will be interesting to see where this debate goes when HF20 (Velocity) goes live on the mainnet, with Resource Credits and the new account creation system it is yet to be seen and from my perspective it is way too early to know which one is the right call to make.
For the moment @humanheart will keep its account creation fee at 0.100
All rewards from this comment will go to charity
I am also using 0.200.
Congrats, you made the #steemitminute for today!
Click the Image Below to see the Video!
Thanks for the information I am still a Minnie, how can I get more benefit from this sir, just support your witness name kudos to you @therealwolf
@therealwolf goood information for all steemians, thanks a lot
I just gave you so up vote pls follow and give me some vote OK pls I just started pls help me
But does increasing the fee really make things better??
It's about making sure that the network can't be abused by people creating thousands of accounts due to the low price.
Okay, Now i get your point of view
Your article is very exciting!
i remember it when i wanted to make an account how dreadful it was that all of my wanted screen names were TAKEN.... i literally spent a day just to come up with a nice and simple name.
i agree that this needs to be done, cos taking up so many names creates a problem for new users who are actually gonna use the platform, and not just marinate NAMES/ACCOUNTS just for their own GAIN.
This is great. Everything that must be done to reduce abuse of the system is worth doing. When many people see steemit as a fair and open system, that are motivated to join or remain here. If the abuse continues to increase, its not going to help sustain steemit.