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RE: With 1,135,064 Accounts on STEEM...How Can You Stick Out From The Noise?

in #success • 6 years ago

Love your passion for Steemit that's the most important thing otherwise you're just another reward milking content creator.

By the way, I see quite a few people say HF20 will bring on more users. I'm haven't been keeping up to date with that side of the things, so how exactly does the dynamics work? The last person I asked who said that says he doesn't know 🙄

6 years ago in #success by
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     6 years ago (edited)

    I may be able to help with this answer.

    So, right now, before HF20 for every new account created on Steem it's paid a fee. There is also the option to create accounts with delegation.

    After HF20, two things will change radically regarding new account creation (among other things):

    • new accounts will not be able to be created with delegation (which mainly releases a lot of pressure from Steemit Inc for delegating to new accounts)
    • new accounts can be created as before paying a full fee OR at a discounted price, in which case, payment will be made in resource credits, the replacer of bandwidth. Those who will have lots of RCs (most likely only top projects or whales) will be able to onboard people virtually for free, at the expense of RCs, which is a regenerable resource. That's why the onboarding process will become easier, because there will be the alternative to create new accounts without paying with STEEM or other crypto for them, and more projects besides Steemit Inc will be interested to onboard people directly to their own projects, probably without going through the verification phase Steemit Inc performs, which takes so long. It's also important to know this onboarding alternative will start after HF20, but it would take some time before it will become an well-oiled machine, so to speak.
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     6 years ago 

    Thanks for the clarification @gadrian about the new account creation process. Maybe it's me being a bit slow. HF20 makes it easier and quicker to create accounts, but how does it actually attract or bring or more users? Non Steemians will likely hear of Steemit via friends or find out about it on social media, crypto news etc. And think, yeah, I wanna be part of that. How the account is actually created is transparent to them, and they probably don't know they have to wait 3 weeks pre HF20, and less post.

    So based on my understanding, HF20 will make it easier for people to onboard Steemit as you have explained, but I still struggle to see how it will bring on more users. Unless there's a massive campaign to attract new users, pre or post HF20 makes no difference to new sign up numbers, ie bringing on more users to Steemit. Maybe I'm missing something or maybe I've misunderstood something.... which does tend to happen ^_^

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       6 years ago (edited)

      Steem is much larger than Steemit, and that's why I try as much as I can to advise people to say Steem whenever they can, unless they really mean Steemit (which they rarely do).

      The quicker onboarding will not come from Steemit, unless they give up the verification phase, which I doubt they will!

      It will come from various other DApps which have been waiting for the opportunity. That's where the new flood of users will come from. And the DApps themselves, or their users will be the ones doing the promotion, but they won't promote steemit.com, they will promote the DApp, like DTube, DLive, Busy.org, SteemMonsters, Actifit etc.

      I believe DApps which will have the process set up to sign up people using discounted accounts will let their users know, so that they can help in the promotion efforts to make that DApp known outside the Steem ecosystem and sign up more people.

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         6 years ago 

        Thanks, that makes a bit more sense now.

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           6 years ago 

          Adrian for the win :)

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