Viewing a response to: @martinwilson20/re-chaching-is-steemit-a-scam-20160812t205642135z
- At the blockchain level, there is a fee for creating a new account. - That fee is currently 3 STEEM. - The steemit.com website pays the registration fee for most users. In practice, the fee only applies to experts who create an account by interfacing directly with the blockchain. - The fee is retained by the newly created account as its initial Steem Power balance. Some questions for you to consider: - Is it a scam if new users are paid to sign up? - How do you keep an abuser from registering a million accounts without a fee? We can't do what most other sites do (e.g. rate limiting new account creation per IP address, email verification, CAPTCHA) because those techniques can't be done on a blockchain. We've tried *very hard* to minimize the number of fees in the system.
post_id | 577,656 |
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author | theoretical |
permlink | re-martinwilson20-re-chaching-is-steemit-a-scam-20160812t211950916z |
category | steemit |
json_metadata | "{"tags": ["steemit"]}" |
created | 2016-08-12 21:19:51 |
last_update | 2016-08-12 21:19:51 |
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root_title | "IS STEEMIT A SCAM?" |
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