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RE: TimCliff Witness Update 2018-05-22

in #witness-category • 6 years ago

"My registration fee is currently set to 0.1 STEEM. This makes it so that a new account costs 3 STEEM (non-delegated), which is about $9.00 USD at current market prices."

??? Should the .1 Steem be $3?

6 years ago in #witness-category by
$0.18
  • Past Payouts $0.18, 0.00 TRX
  • - Author $0.14, 0.00 TRX
  • - Curators $0.04, 0.00 TRX
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     6 years ago (edited)

    That is not how it works. The blockchain takes the account_creation_fee parameter that the witnesses set, and multiply it by 30 to get the amount it costs to create an account without delegation.

    30 x 0.1 STEEM = 3 STEEM. 1 STEEM is currently around $3 USD, so that turns into $9 USD.

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