RE: Downvote Pool Deep Dive

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RE: Downvote Pool Deep Dive

thedegensloth in #steem • 6 years ago (edited)

For once someone who sees the issue of the high cost of account creation. The reason it's no longer free the excuse is anti-spam. They can keep the 3 steem burn but the rc cost to create an account is 800-1000x more expensive than any other transaction on the chain.

No company is going to be looking to spend a million dollars for 300k users which they would have a better chance of getting more users cheaper on a non-blockchain based chain with that million dollars going to marketing. So it would be better to have them power up that 300k steem and claim accounts via account credits. They would also be able to benefit the users who come in with delegation and upvotes for content creation as well.

Right now we're looking at like 40+ years to a billion users if we ever want that big of a community which should be the goal to be a household chain. The price for rc claims should be dropped by 10x what they are now. Which is completely ignored when i bring it up.

6 years ago in #steem by thedegensloth

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smooth 6 years ago

No company is going to be looking to spend a million dollars for 300k users

This is completely wrong. Customer acquisition costs are nearly always more than a few dollars, sometimes thousands of dollars (tens being common).

There is an added cost to using a blockchain vs a database, on that I would agree, but with the right business models, the cost is easily justified.

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thedegensloth 6 years ago

Yeah when it comes to marketing, so not only will they have to pay for those users they will also have to do marketing which increases their cost. So why use blockchain instead of a system they know will work and won't cost them just as much if not double.

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smooth 6 years ago (edited)

It only makes sense if the added costs of a blockchain are valuable to the business model. Otherwise it doesn't. Changing the parameters on account creation does not change this, the costs are still there.

However, the point I'm making is that these costs are relatively small compared to the other costs of acquiring customers, so with any meaningful benefit from the blockchain, a business should be able to justify them.

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thedegensloth 6 years ago (edited)

I'm not talking about the steem burn cost's, we only care about the rc cost of account creation. If we lower it by 5-10 times, spending a million on sp for applications is a more viable option. And this is coming from applications we have been in contact with as we try to onboard projects which we will be announcing very soon. We're currently trying to onboard a media company with more than 32 sites.

Since they have to delegate anyways, and if abuse starts to happen we can turn it up. It would still require a certain amount of investment to even make accounts with sp. I think more useful things could come from the sp they own. This could also increase the price of steem as applications would be more willing to power up. Considering no one knows when smt's are coming.

Other options are being made to get users in free but, they're not putting it in priority and if as many users leave that people think will because of the new changes proposed. We need a decent influx of users.

1 comment every 5 days is kind of hard to abuse, They could spam custom_json and wallet memo spam. But with the dex's being made a such how do we expect users to come into our market or have a private wallet or even invest in steem without an account.

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thedegensloth 6 years ago

I also sent you a pm in slack explaining a bit more.

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