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RE: Velocity Hardfork Account Creation Guidelines
This is critical information that must be disclosed so witnesses can make a reasoned decision for both discounted account quota and reg fee. And anti-spam measures employed by Steemit Inc. and other large scale registrars.
I would like to see Steemit Inc. continue to pay and burn, whilst leaving the faucet and discounted quota free to third party apps. This would be a win-win for all. Third party apps can now onboard users without any friction. There's enough evidence to prove that crypto investors love token burns and despise concentrated centralised stake. So even if Steemit Inc ends up with fewer Steem, they'll be worth far more. Wishful thinking.
Though I agree it would be fantastic to see the Steemit, Inc. stake become gradually more decentralized, as far as I'm aware they will still be responsible for delegating small amounts of SP to new accounts so they can perform actions on the blockchain. While their stake seems large, it's not actually enough to support the billions of accounts that would exist in the scenario of mass adoption.
So, how will developers/witnesses solve this longer-term problem? Will parameters be changed so that accounts can successfully perform operations with a very tiny amount of delegated SP? (i.e. 0.001 SP) Or does the addition of RC's mean that bandwidth issues will no longer be a problem for low SP holders?
Yes, the RC system is designed to alleviate the issues, or at least make it a better experience. Low SP accounts will of course run out of RC. There's never going to be billions of accounts on a freemium blockchain. Freemium means - you have to power up a certain amount to use it. Steemit Inc can cover you temporarily with delegations, but that's not the intended long term design of the platform; hence why they call it freemium.
Facebook has a massive network effect, and there are no bandwidth concerns to think of as they can easily ban spammers and generate revenue from advertising.
Yes, exactly. Unfortunately, I’m not confident that they will actually provide these stats and I’m not confident that most witnesses will even understand the numbers/reasoning involved in setting their parameters...or even care in the first place. Kind of like the current set of parameters that are not understood or rarely set/adjusted.
Indeed. And there’s also evidence that crypto speculators and investors despise concentrated stake that is then dumped on the market, even when demand is light and prices are down...which is what Steemit, Inc. has done instead of burning what they don’t need for account creation, marketing, and development. So not only do they refuse to do what is largely accepted as “good,” but they continue to do the exact opposite, despite the concerns of their actual investors and fellow stakeholders who bought into their project and made them rich, setting aside their misgivings about how the project was launched.
At no point have I seen this “leadership” do the right thing. I don’t expect to see them start. I do however expect some kind of cooperation from them on providing statistics. It’s the least they could do for continually going back on their word and making this place unattractive to the wider crypto and social media markets.
Even with all that being said...the blockchain is still one of the best. It’s a shame to see it being wasted and tarnished by extremely poor “leadership.”
Do we know anything about the @alpha account? I have asked @themarkymark to explain why so many rewards go to @alpha from @buildawhale and who owns @alpha
It gets a lot from @steemit2 and sends a ton of STEEM to Bittrex probably to dump but it appears to also make money from a couple of upvote bots.
That is cool if they are legitimately paying for their development needs and all that by selling some STEEM but I don't understand why that account would be earning all that bread from the upvote bots.
It is my understanding that the alpha account belongs to Blocktrades and the account activity appears to corroborate this. The transfers to alpha from bid bot accounts are likely for delegation leasing payments.
Oh cool. That makes more sense if it belongs to Blocktrades