Resource Credits Fix??? Views From @ned

As I stated last night, the implementation of the Resource Credit system did what it was suppose to do. We now are seeing costs established as to what transactions cost on the Steem blockchain. This is something that was a great necessity.

Make no mistake about it, the future of the Steem blockchain is on the shoulders of entrepreneurs and business people. Many will not like it but it is a simple fact. Steem is a blockchain, i.e. a network. Inherently, it has little to offer the general public. That is where businesses come in.

We can talk about users all we want but without something for them to do, users will not be here. The early days of the internet did not draw hundreds of millions of people. It was not until ease of use was introduced via browsers and businesses like Google and Amazon starting to make some inroads. Even the early days required the porn crowd to establish online businesses.

As I stated in my post last night, the implementation of Resource Credits created another issue. One benefit, unanticipated if I had to guess, is that spammers got knocked out. However, other small accounts also got torched by the RC system.

One of the moves of the Hard Fork was to provide applications the ability to sign up users. This would decentralize the process some by taking it exclusively out of the hands of Steemit.com. Of course, with the use being so limited, what benefit does it serve the applications to sign up users?

This is the dilemma we find ourselves in and all parties are aware of it. This include @ned who made an appearance in a comment section the other day.

The first thing we learn from him is that the sign up process of old is still available through Steemit.com. While it is not instant, he said the time is a bit quicker. Most importantly, Steemit is delegating the 15 SP to an account.

They also are managing the accounts if they are spammers or go inactive. This is a sound approach.

Of course, it does not solve the problem created by the fork.

Here are a few of his other ideas.

So there you have it. This is not the first time the idea of delegated Resource Credits was brought up. Many on here posted about it and even @ned touched upon it in a post a number of months back.

I do not know the technical development required but this seems to be the proper approach. There are many on here, myself included, who have excess Resource Credits. To delegate that to newer accounts would be a no-brainer. Of course, the best way to do it would be to delegate the RC to an application that is onboarding people and help that grow.

In fact, at this point, I have to do something with my Resource Credits since I don't even more the needle. Yesterday, I put in my first account claim. Ate up 26% of my Resource Credits which isn't a big deal since it will recharge in about 30 hours.

Here is a situation where I do not know what will happen with these tokens for free accounts that I acquire. The reason I am doing it is to spread it out a bit. I have no idea if these will be transferable down the road or what the deal is.

My point is that I am doing this simply because I have Resource Credit that would go to waste. If I could delegate it to a few accounts or one application to use for activity, that would be a much preferred solution.

Judging by the comments @ned made, it appears this is the line of thinking. It does provide a valid answer to the current problem. Like Steemit is doing, if an application (or an individual) finds one is a spammer, the delegation can be withdrawn. This will still keep that to a minimum.

One final point that I want to make.

This is an important lesson. We are still in the very early stages of this industry. There are going to be obstacles along the way. This is how technology works, especially one with the potential that crypto does. People need to accept this going in. There will be challenges. To think otherwise is only setting oneself up for frustration.

We are shifting from a centralized to a decentralized world. This is going to take some time and learning. This entire industry is under 10 years old. A decade ago, there was nothing here. Don't forget the Bitcoin white paper wasn't released until October or November of 2008. We are talking embryo young here.

As a comparison, according to Wikipedia, the Internet was first developed in the 1950s while the first transmission occurred in 1969.

Steem is about 2.5 years old. It is best to give it a little time. This is far from a finished product.

To read full article that is referenced:

https://steemit.com/steemit/@davemccoy/steemit-the-anti-social-network

---

If you found this article to be informative, please give it an upvote and resteem.