It's Monday and a welcome new week.
A deeper look at some aspects of Resource Credits (RC)
So a few days ago I made this post, What's Wrong With Steemit?, and I made it because of 2 articles I had read, this post, Steem's Value vs Newbies's Resources Credits (RC), by @juanmolina which I got introduced to by @crypto.piotr, and this post, Is Steemit ready for mass adoption ?, by @moghul.
And I thought that I had addressed it enough in my post by concluding that RC limits could be a bit low, but that the biggest issue was the education and introduction of new users and the expectations they had coming in, and that those should be addressed by actually telling them that Steem and Steemit was not really a free platform even though they could create an account for free.
Read more about the reasons for that in my post, what I want to talk about here, is what I have read up on since then about how RC works, and why that means increasing RC won't help newbies.
So in order to better understand how it all works let's start with how RC is spent, and to do that this article, Calculating RC costs, by the Steem Developers have been a very big eye opener.
As that post describes, every transaction on the blockchain (posts/comments/upvotes/flags/transfers/etc) has a cost, and then there are a limited amount of resources available to complete that transaction, and as they decrease the cost in RC goes up and vice versa.
And those resources is the available computer power of the servers running the Steem blockchain, which is most likely paid in USD and not Steem (my guess).
Now after we know how RC is spent, and as the post also tells RC is allocated according to how much Steem Power (SP) the account have, and is spent on those transactions, plus regenerated over time, what covers the cost of running the servers?
Vested Steem as Steem Power (SP), is what covers the cost for those servers, and the resources to make the transactions on the blockchain, ergo the connection from SP to RC.
So what happens if we just raise the limits of RC?
Nothing, it will just inflate the value of available resources.
What happens if the price of Steem goes up?
Server resources will most likely be cheaper, and therefore more available resources, and newbies will get more transactions for their RC.
However spam will most likely also increase, since it's cheaper, so the help that gives to newbies will be limited.
Conclusion
So to conclude, what I said in my previous post still stands, with the exception of RC being too low.
RC is there to cover the cost of running the network, and to keep abusive behaviour such as spam out, and for the most part it works well enough for that.
And increasing the limits will not help newbies since it will just inflate the price af available resources, but higher Steem prices can help a bit.
What is actually needed is education, and the knowledge that it's not really free, it's not charity.
That's it for today.
Thank you for reading, follow and like if you do, and have a nice day.
Sincerely,
Erik Gustafsson
Thanks Bro
Thank you.
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Well there are some people that actually went from zero to few hundred bucks worth of Steem in a year. There are platforms like @esteem that upvote quality content with $0.5 per post and I think that the whales and dolphins should help out too if they truly care about Steem. Why am I saying this? Well because most of the whales upvote their own content and content of other whales and dolphins in return for their vote (intentionally or in a routine) while some newbies with really quality content are getting absolutely ignored. What Steemit needs is some sort of filtering that would allow us to search posts by number of words and language while copy/paste profiles should be banned immediately. I think that this would make easier for whales and dolphins (and everybody else) to find quality content and support it. Most of the newbies are publishing 'shitposts' which are regular part of every social network but the problem is that quality articles then get lost in the sea of 'shitposts' and they don't get any attention. Eventually they'll leave and never come again.. To me it's tragical that someone takes actual time and effort to write something good and then it ends up with $0.00. In the begininngs I was happy with $0.02 just because I got at least something. Btw. we also need BTC to start moving and the new wave of users will surely come. Maybe I'm still a noob here but that's just my personal opinion, it's not like it's impossible to make money from free account but it's true that most of newbies are not going to get attention (even if they deserve it) ☺
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Thanks for your comment, and yeah it can be hard as a newbie.
So therefore I am creating 2 ebooks to help get them started. Education is key.
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Appreciate your hard work man, keep it going :)
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I will, thanks. And good luck to you.
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Thanks for the clarification.
Just wonder how we could recruit new ones onto this platform
Thank you.
As I said, education is the key. There are many ways that someone would see a reason to use Steem, Stemit and the dApps.
And as such there are also many angels and use case scenarious that we could apply to make an introductory course about.
I actualy have 2 of those in mind myself that I want to pursue, and I thought I should write a bit about that in my next post, to get the ideas out there and for some feedback in my development.
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STOPTo support your work, I also upvoted your post!
Thank you.
Steemit is hard for newies overall. Of course this also depends on what they want to do here. Many come with a mindset of "getting paid for posts? easy money!" and then reality strucks.
Exactly. That's why education is so important.
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