In about 6 hours we will switch to the new hard fork 20 (Source+Timer HERE).
We will go from the old 'bandwidth' system to a resource credits system (RC's).
The amount of Steempower you have dictates how much RC's you can use on the Steem blockchain.
Every action on the blockchain will consume RC's (example: voting, posting, commenting, transacting).
The amount of RC's per different action is not fixed and can change over time. It's a decentralised free market system. It will find balance within a week according to Steem Inc.
Nobody knows 100% sure what actions will cost right after the hard fork hits and therefor I recommend you take it a little bit slow at first just to make sure you don't drain all your RC's straight away by accident.
Example: Let's say commenting a second after the hard fork cost an enormous amount of RC's for Reason X and doing the same action tommorow cost way less because the system found a much better balance (RC cost) for this action.
RC's just like bandwidth replenish over time.
I expect if you have decent amount of SP (and therefor RC's) you don't have to worry much about all this but if you have little SP I would recommend you not go too heavy after the hard fork hits incase you will drain your RC's to fast.
6 hours to go! Pretty exciting.
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Thanks for the post @exyle
I like one of the new changes; No longer 30 minutes but 15 minutes to reply to a post to get curation rewards.
How much would you say is too little? The fact that there is no set price is kinda troubling.
No one knows. That's the problem. Therefor I would recommend taking it a little slow until more is clear. I expect more to be clear pretty soon after the hard fork is done though.
(crosses fingers and toes it all goes well)
Good advice.
What would be a little sp @exyle? I have about 700 + but I have delegated 400 out of it. Is 300+ a little sp or good enough?
I think that's more than enough when balance is found. But like I said straight after the hard fork no one knows so take it a little slow just in case is what I would recommend.
Oh thank you. I will take your advice. I have done my posting for the day then. Until tomorrow... Lol
Thanks for information on hardfrok 20.
I am super excited to know what will happen in this hardfork. Is this benificial to the newbies like me? I just joined a days ago and I've been having problems connecting to people as I don't see any button to start chat. Correct me if i'm wrong but isn't hardfork like a software update to steemit? If it is why aren't they adding a chat button? It'd be easier to connect to people and form a community.
Unfortunatle there is not chat such as unless you connect with people through Steem-chat or discord... I sure hope this changes in the future.
Is there any way you can help me connect with people? Because I really want to make friends here rather trying to make attention-seeking kinda comments and posts which won't even get looked by anybody. Just making myself feel discouraged.
Thanks for the heads up. where will we be able to see how much RC we have and how much we have used?
Thanks for the advice @exyle. I don't have much SP.
you make very valuable posts, thank you for that :)
I will follow your advice! I'll sit and wait. I'll have some coffee in the meantime. Greetings
The one thing I've seen that's kinda bugging me is this. Hopefully it goes over decently, at least.
So bandwidth gets replaced with resource credits, but the determinant for RCs is different for RCs than bandwidth? Why is there not a detailed explanation of the difference? Where is Ned? Isn't he the one who could/should explain all this?
Thanks for the heads-up @exyle
https://steemit.com/@steemitblog/blockchain-update-4-resource-credit-implementation-details
And where I can see this RC's ? how lot I have to use ?
Thanks for this great advice. I have the countdown timer running on my machine and I am just waiting to see how this is going to go. What do you consider a decent amount of SP?
A big shout out to all the Steem witnesses! Make us proud!
I'm getting a load in this morning @exyle before I go out.
I hope Steemworld will show it as a metric if we need to keep a close eye on it.
Have a fun day! 😊
I’m ready 🤣😎
Posted using Partiko iOS
Nice advice for a little chicken
Posted using Partiko Android
I agree and your example is very likely to happen. Really useful advice, especially considering that the majority of the users don´t have much SP (just like me), slowly but surely is the way to go...
I´m going to get 2 posts out now, just in case... saying goodbye to this system! :D
smashing up the likes before hf20 less than 45 mins to go exciting times :) thanks for the timer link ;)
Thanks for this timely post and also I can be active until the real-time the hardfork will happen as shown on Hardfork timer
Lot of changes are gonna be happening time to start learning all about it
Ohhhh! I didn’t even realize we were on the brink of a HF! That’s for the update, @exyle! You back from Brazil yet?
Looks like you were right about rushing things - https://steemit.com/exyle/@exyle/are-we-rushing-the-hard-fork-or-is-just-me-dlive-distraction-and-last-minute-updates-to-the-hardfork