Current policy:
- Price feed set to 2% below observed market price
- Minimum account creation fee set to
20 STEEMwhich is currently worth ~$3. - SBD interest rate at 2%
Current, observed parameters:
Real SBD value: $1.036
STEEM value: $0.146
current_sbd_supply: 1165626.200 SBD
sbd_interest_rate: 450
account_creation_fee: 30.000 STEEM
Notes:
minimum account creation fee
Earlier I was trying to keep that value above $5.
Because of STEEM price changes we can see huge difference in initial account value, comparing some of my friends accounts it might be 5 STEEM or 40 STEEM.
Steemit Inc. is able to sponsor new accounts creation so they are "free" for new users.
I would like to see other sponsors. One of such use cases are wallet providers. If they want to create for their users individual STEEM wallet, they need to create an account for that.
It is not only that $5 or $10 is too expensive for account creators, but also 40 STEEM or 50 STEEM given to new users is a lot when compared to users that got only 5 STEEM.
So lowering price is an ultimate solution? No. Temporary at most. Why?
Account creation need to be expensive enough to prevent name squatting or other abusive behavior. Also, new users need to be powered up enough to be able to effectively use our platform (post, vote - they need bandwidth for that).
I hope that "Steem Power Delegation for Voting and Bandwidth" would be able to solve that issue (hopefully without undermining stake distribution as a side effect).
Currently I am opting for 20 STEEM which is currently $2-$3 range.
Please note that some accounts created in August have 5 STEEM which is less than $0.75
SBD interest rate
I am reducing SBD interest rate, as stated previously, trying to keep changes at most once per 3.5 days by at most 0.5% per update.
Seed nodes
Two weeks ago I have posted Call for steem seed nodes, as a result a lot of entries were updated in official seednodes.txt file.
There were 21 working nodes, now there are 32.
Thank you all for your efforts to make that happen.
Useful resources
I am no longer serving blockchain data through rsync for public, since most of the use cases did not take an advantage of its features, also, it was updated with variable frequency from once per hour up to once per few days.
But here are the good news:
I started serving an always up to date blockchain data:
https://gtg.steem.house/get/blockchain/
It is not only more convenient to download (use wget or curl, etc.), it is also up to date (at the moment you make a GET request) and it is a lot faster (connection limit upgraded from 100Mbps to 250Mbps)
block_log is the only file (except config.ini) you need for --replay-blockchain
it should be placed in blockchain directory below your data_dir
data_dir
├── blockchain
│ └── block_log
└── config.ini
Index and shared memory files would be regenerated.
At http://gtg.steem.house/get/ you might also find xz compressed steemd and cli_wallet binaries for Debian Jessie (no need to download boost binaries, unless you are willing to build steem by yourself)
You can contact me directly on steemit.chat, as Gandalf
If you believe I can be of value to steem, please vote for me (gtg) as a witness either on Steemit's Witnesses List or by using your cli_wallet command:
vote_for_witness "YOURACCOUNT" "gtg" true true