Officially, there are no transaction fees in Steem. Instead, the witnesses are paid out of inflation which is new currency creation. This means that everyone pays transaction fees via dilution of their stake. It is like collectivism, where everyone pay the cost of actions of some. The spammers can freely send their 0.001 STEEM/SBD messages, payments to bidbots, and other payments and the passive users participate in the cost. Such policy damages a blockchain by requiring more blocks due to more transactions and slows the flow in real time. Both time performance and space performance were already permanently damaged, unless a hard fork will be done, and it will not be done, assuming my perception of the witnesses. If spammers had to pay for each transaction, there would have been far less advertisements via memos in 0.001 STEEM/SBD transactions, less of the smaller bidbots, less resteem "services" and less shit content. Again, decentralization and freedom of expression mean freedom of plagiarism and no copyrights. In freedom there are no rights, and enforcement of a right contradicts freedom. More generally, I prefer each one to pay for each of one's actions. With no subsidy by inflation which makes the cost collectivized. edit: I just found my nostalgic comment here when I searched for something else: https://steemit.com/steem/@lexiconical/steem-usd1-07-plumbing-the-depths-of-usd1-support-at-bittrex-today#@stimialiti/re-lexiconical-re-stimialiti-re-lexiconical-re-stimialiti-re-lexiconical-re-stimialiti-re-lexiconical-steem-usd1-07-plumbing-the-depths-of-usd1-support-at-bittrex-today-20170820t035022232z
author | stimialiti |
---|---|
permlink | why-transaction-fees-make-for-a-better-blockchain |
category | steemit |
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created | 2018-02-22 23:27:42 |
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voter | weight | wgt% | rshares | pct | time |
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frankbacon | 0 | 15,400,051,650 | 100% | ||
apolymask | 0 | 12,747,832,950 | 7% | ||
lordkalki8 | 0 | 13,263,364,004 | 40% | ||
freebornsociety | 0 | 4,075,821,246 | 10% | ||
stimialiti | 0 | 1,664,608,194 | 100% | ||
cyclope | 0 | 6,030,174,987 | 40% | ||
nolnocluap | 0 | 47,651,948,205 | 82% | ||
swelker101 | 0 | -14,993,405,605 | -100% | ||
joelkhairy | 0 | 200,449,030 | 40% | ||
jbbasics | 0 | 1,502,395,839 | 40% | ||
freedomtrader | 0 | 215,201,000 | 40% | ||
celizbrwn | 0 | 215,201,000 | 40% | ||
nicolemoon | 0 | 205,858,768 | 40% | ||
fersher | 0 | 613,167,107 | 100% | ||
bogh | 0 | 3,801,378,245 | 100% | ||
steemdiffuser | 0 | 21,428,062,687 | 22.22% | ||
steemcondenser | 0 | 88,821,546 | 40% | ||
zanoni | 0 | 614,546,546 | 40% | ||
slowgrow | 0 | 613,167,107 | 100% | ||
sabbirr | 0 | 452,139,697 | 40% | ||
tanmoykumer | 0 | 200,413,310 | 40% | ||
proofmaster | 0 | 203,676,604 | 40% | ||
mishujr | 0 | 214,587,686 | 40% | ||
nixon73 | 0 | 430,865,802 | 40% | ||
steemd1 | 0 | 215,362,000 | 40% | ||
samueljohn1999 | 0 | 215,766,510 | 40% | ||
star-leon | 0 | 560,835,318 | 100% | ||
slacktmusic | 0 | 457,614,026 | 40% | ||
azizurrahman | 0 | 211,525,142 | 40% | ||
alomchowdhury | 0 | 187,012,955 | 40% | ||
mitsuko | 0 | 23,358,859,868 | 9.09% | ||
lcontestsl | 0 | 193,801,445 | 40% | ||
greengrowth | 0 | 28,829,398,953 | 100% |
I didn't know that's how it worked. Thanks for the info. In theory I agree with you.. We should not collectivize such things, however.. I also think no transaction fees is nice and an important pull. So.. I'm a little mixed on the issue. I wonder if there's another solution? Definitely something to think about more and will resteem so your message hopefully gets seen by more.
author | apolymask |
---|---|
permlink | re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180223t210835179z |
category | steemit |
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>no transaction fees is nice and an important pull Particularly for spammers
author | stimialiti |
---|---|
permlink | re-apolymask-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t175402533z |
category | steemit |
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lordkalki8 | 0 | 13,647,809,337 | 40% | ||
cyclope | 0 | 6,644,775,862 | 40% | ||
calebkelly | 0 | 212,591,650 | 40% | ||
jbbasics | 0 | 1,566,784,232 | 40% | ||
freedomtrader | 0 | 224,423,900 | 40% | ||
celizbrwn | 0 | 224,423,900 | 40% | ||
nicolemoon | 0 | 205,858,768 | 40% | ||
steemdiffuser | 0 | 35,473,503,575 | 37.03% | ||
steemcondenser | 0 | 91,323,561 | 40% | ||
afrikablr | 0 | 671,533,278 | 40% | ||
tanmoykumer | 0 | 202,211,182 | 40% | ||
abdullahkhan9512 | 0 | 393,053,143 | 40% | ||
proofmaster | 0 | 221,305,799 | 40% | ||
mishujr | 0 | 224,345,365 | 40% | ||
nixon73 | 0 | 468,784,638 | 40% | ||
steemd1 | 0 | 224,591,800 | 40% | ||
samueljohn1999 | 0 | 225,013,646 | 40% | ||
azizurrahman | 0 | 217,656,306 | 40% | ||
lcontestsl | 0 | 199,843,835 | 40% | ||
socialdaisy | 0 | 242,401,794 | 40% |
I'm sure it would help, but.. Not sure how much it would really help in the grand scheme in regards to that, I'm sure the spammers would factor in the cost for transactions and still do what they are doing even if they made a little bit less profit.
author | apolymask |
---|---|
permlink | re-stimialiti-re-apolymask-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t075551870z |
category | steemit |
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<p>This comment has received a 37.04 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!</p> <p>Above average bids may get additional upvotes from our trail members!</p> <p><a href="https://steemit.com/introduceyourself/@steemdiffuser/chello-steemit-friends-here-to-upvote-blaze-a-trail-and-crack-some-bot-like-jokes">Get Upvotes</a>, <a href="https://docs.google.com/forms/d/e/1FAIpQLSdv7s0V6f6iMC7lFsEkHUlJ4pErmSQzQXit-0FGaAx7FT-Pcg/viewform">Join Our Trail</a>, or <a href="https://goo.gl/forms/fdmsKYYUpFMY4OUw1">Delegate Some SP</a></p>
author | steemdiffuser |
---|---|
permlink | re-stimialiti-re-apolymask-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t175402533z-20180226t170655427z |
category | steemit |
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It's not "there's no transaction fees instead the witnesses get paid". The witnesses will still get paid, transaction fees or not. >More generally, I prefer each one to pay for each of one's actions. With no subsidy by inflation which makes the cost collectivized. Except that would mean you pay for your vote, you pay for your post, you pay for your comment, do you pay by the letter?
author | baah |
---|---|
permlink | re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180223t204550860z |
category | steemit |
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stimialiti | 0 | 1,564,731,702 | 100% |
I meant it particularly as you pay whenever transferring funds, but I also support paying for each action. Paying for bandwidth consumed seems good enough. The witnesses should get paid, just like miners and master nodes.
author | stimialiti |
---|---|
permlink | re-baah-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t175222786z |
category | steemit |
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cyclope | 0 | 6,443,419,018 | 40% | ||
joelkhairy | 0 | 194,275,367 | 40% | ||
calebkelly | 0 | 209,510,612 | 40% | ||
jbbasics | 0 | 1,545,321,434 | 40% | ||
freedomtrader | 0 | 221,349,600 | 40% | ||
celizbrwn | 0 | 221,349,600 | 40% | ||
nicolemoon | 0 | 202,786,249 | 40% | ||
steemdiffuser | 0 | 23,473,392,625 | 24.27% | ||
steemcondenser | 0 | 90,072,554 | 40% | ||
afrikablr | 0 | 680,613,699 | 40% | ||
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abdullahkhan9512 | 0 | 404,176,536 | 40% | ||
proofmaster | 0 | 205,360,427 | 40% | ||
mishujr | 0 | 220,683,663 | 40% | ||
steemd1 | 0 | 221,515,200 | 40% | ||
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azizurrahman | 0 | 214,590,724 | 40% | ||
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lcontestsl | 0 | 199,234,174 | 40% | ||
socialdaisy | 0 | 242,401,794 | 40% |
Witnesses get paid with or without transactions fees, it's not that transactions fees are paid cumulatively by the users. Also freedom of plagiarism doesn't make sense, freedom of speech means lying and claiming other's work as your own? The spam you speak of isn't taxing on the system considering that each transaction costs the spammer .001 steem/sbd and a better alternative instead of making transaction fees is to increase the minimum amount someone can transfer to .005 or .01 steem.
author | baah |
---|---|
permlink | re-stimialiti-re-baah-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t225120293z |
category | steemit |
json_metadata | {"tags":["steemit"],"app":"steemit/0.1"} |
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<p>This comment has received a 24.27 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!</p> <p>Above average bids may get additional upvotes from our trail members!</p> <p><a href="https://steemit.com/introduceyourself/@steemdiffuser/chello-steemit-friends-here-to-upvote-blaze-a-trail-and-crack-some-bot-like-jokes">Get Upvotes</a>, <a href="https://docs.google.com/forms/d/e/1FAIpQLSdv7s0V6f6iMC7lFsEkHUlJ4pErmSQzQXit-0FGaAx7FT-Pcg/viewform">Join Our Trail</a>, or <a href="https://goo.gl/forms/fdmsKYYUpFMY4OUw1">Delegate Some SP</a></p>
author | steemdiffuser |
---|---|
permlink | re-stimialiti-re-baah-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t175222786z-20180226t121231431z |
category | steemit |
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Sounds like taxation by requiring people to pay a fee. Is it not enough all the people telling others who, how often, and what, to vote for that now we need people telling others that you need to pay a tax for every transaction on steemit? That is the surest way to kill the freedom that steemit brings to many people. Also if spammers and scammers are can "freely send to bid bots" did you not also use a couple of bid bots for your post? Or is this another case of do as I say, not as I do, type post.<br> I do not need someone to tell me how to vote or how to use my vote power, any more than I need someone telling me I need to pay a transaction fee for this or for that, and then for this and then for that like a fricken bankster. If you want to pay transaction fees then find a place that will charge you for this and for that and don't forget the fee's for that other thing. Oh but wait...this group can't afford the fees so let them do it for free ...I am sure there are plenty of those type place in the internet, and on the blockchains that have been created, so you should not have any trouble finding a <b>faster</b> blockchain than steemit because they charge <b>fees</b><br> It seems to me that of all the blockchains that are mentioned <b><i>steemit</i></b> that charges no fees is the <b>FASTEST</b>, so of course there are going to be people wanting steemit to charge fees, I wonder why, is it because the ones that charge fees are so much slower than steemit? Sorry---<b>I don't buy your reasoning</b>.
author | bashadow |
---|---|
permlink | re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t033348471z |
category | steemit |
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How could you post such a thing by the time you posted it? Only a few hours ago, the fast steem blockchain was partially unusable. https://steemit.com/steemit/@stimialiti/i-got-logged-out-then-when-i-logged-in-i-could-not-vote Proof of work the way it is in cryptocurrencies today is so shit it can not be economically offset by fees. Are fees the reason for its being shit?
author | stimialiti |
---|---|
permlink | re-bashadow-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t180126549z |
category | steemit |
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created | 2018-02-24 07:52:15 |
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calebkelly | 0 | 184,862,304 | 40% | ||
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lcontestsl | 0 | 196,153,923 | 40% | ||
socialdaisy | 0 | 242,401,794 | 40% |
The "steem" blockchain was still running, it did not "slow down", the "blockchain" did not become "unusable". There are other ways and means to access the "blockchain". 1. Steemworld.org kept running and updating, no problems. 2. Steemitstage.com kept running, no problems. 3. I think busy.org kept running but I don't use it. Steemit, the social interface to the "blockchain" had some issues, not the <b>Blockchain</b> > the fast steem blockchain was partially unusable. The fast steem blockchain never became unusable. Steemit the social interface may have, but as I Mentioned, there are a lot of ways to access the "steem" blockchain.
author | bashadow |
---|---|
permlink | re-stimialiti-re-bashadow-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t081301664z |
category | steemit |
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stimialiti | 0 | 1,566,883,129 | 100% |
<p>This comment has received a 41.67 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!</p> <p>Above average bids may get additional upvotes from our trail members!</p> <p><a href="https://steemit.com/introduceyourself/@steemdiffuser/chello-steemit-friends-here-to-upvote-blaze-a-trail-and-crack-some-bot-like-jokes">Get Upvotes</a>, <a href="https://docs.google.com/forms/d/e/1FAIpQLSdv7s0V6f6iMC7lFsEkHUlJ4pErmSQzQXit-0FGaAx7FT-Pcg/viewform">Join Our Trail</a>, or <a href="https://goo.gl/forms/fdmsKYYUpFMY4OUw1">Delegate Some SP</a></p>
author | steemdiffuser |
---|---|
permlink | re-stimialiti-re-bashadow-re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180224t180126549z-20180226t220052948z |
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Highly rEsteemed! ... which means I agree.
author | frankbacon |
---|---|
permlink | re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180223t203805814z |
category | steemit |
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You got a 100.00% upvote from @greengrowth thanks to @stimialiti! You too can use @GreenGrowth by sending your post URL in the memo field to the bot. Minimum bid is 0.01. If you feel this post is spammy or not worthy of @Greengrowth you can contact a moderator in our Discord Channel https://discord.gg/6DhnVTQ.
author | greengrowth |
---|---|
permlink | re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180227t050044974z |
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You got a 9.09% upvote from @mitsuko courtesy of @stimialiti!
author | mitsuko |
---|---|
permlink | re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180227t051159652z |
category | steemit |
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<p>This post has received a 22.22 % upvote from @steemdiffuser thanks to: @stimialiti. Steem on my friend!</p> <p>Above average bids may get additional upvotes from our trail members!</p> <p><a href="https://steemit.com/introduceyourself/@steemdiffuser/chello-steemit-friends-here-to-upvote-blaze-a-trail-and-crack-some-bot-like-jokes">Get Upvotes</a>, <a href="https://docs.google.com/forms/d/e/1FAIpQLSdv7s0V6f6iMC7lFsEkHUlJ4pErmSQzQXit-0FGaAx7FT-Pcg/viewform">Join Our Trail</a>, or <a href="https://goo.gl/forms/fdmsKYYUpFMY4OUw1">Delegate Some SP</a></p>
author | steemdiffuser |
---|---|
permlink | re-stimialiti-why-transaction-fees-make-for-a-better-blockchain-20180223t030542940z |
category | steemit |
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