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RE: Soon, You'll Be Creating Steemit Accounts By Hatching Eggs - After You Mine Some Stuff
Well i think that this is a very wrong move and i will explain why...
We all want Steemit to grow as a platform and mainly this means to have more and more users that are active and add great value to it. But how we can attract new users if the process of making a new account is becoming harder as a process and honest to be even hard to understand.
I think making a new account (the sign up) should be a very easy and simple task to do at least if we want our platform to be the Reddit of the blockchain...
This is the clash of 2 paradigms: the one in which the user signs up for an account in a centralized entity and the one in which the user signs up for an account in a decentralized entity.
In the first case (Facebook, Twitter) the cost of acquisition is assumed by the platform owner, because the user is also the merchandise that gets sold. Also, there is no control that the user can exert in a centralized organization. So you will get a tons of incentives to join, because without you the platform itself has no business.
In the second case (Steemit) the user pays for being part of a decentralized organization, thus owning a stake in it and being part of the governance. This cost was supported by Steemit INC since the beginning, and it's still supported by it. But if we expect the kind of growth Reddit has, we need a different mechanism, simply because Steemit will run out of tokens to spend for users, hence, the mining workaround: you will be able to mine an account, starting with hardfork 20. The way Steem works as a blockchain, requires a specific Proof of Something in order to prevent abuse (it's a thing involving the concept of "bandwidth").
So, in a decentralized organization, where the user has control over his privacy and is part of the governance mechanism extra steps must be taken to ensure the fabric is solid and it doesn't allow for boo-boos. I salute this conversation and all the steps taken to prevent abuse.
Well explained and thanks a lot for the replay.
I read as well and i think even one of your blogs where was mention that starting with hardfork 20 (Velocity if i remember correct), we will be able to mine for an account... and i think this is a great move!
Do you know by any chance if mining will be limited just for mine an account or all the account will be able to mine?
Mining will be available only for creating new accounts. You won't be able to generate STEEM by mining, AFAIK.