While the idea of fee for resource credit is good, but it is a problem for posting legitimate content even though I have about close to 2.9K Blurt Power.
So, is it like we have to power down and wait until we have liquid Blurt and then post again?
RE: Resource credits
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Resource credits
just have some liquidity in ur wallet. as far as i know, the fees are in ranges around 0.01 - 0.06 BLURT per tx, are we really discussing that it is hard to maintain liquidity equivalent of 0.06x0.02US$= 0.0012 US$ per posting? if the value of BLURT would go up significantly witnesses will adjust the fees downwards towards the equilibrium between price and demand. as opposed to steem and hive who dont use a fee system (rather rc based), in blurt the witnesses can set fee values themselves and are encouraged to adjust as fit. your BLURT does very much highlight the importance of the witnesses to keep an eye on the price of BLURT vv the height of the fee and also for voters to keep an eye on the fees thatt the witnesses set so that they stay economically sensible
No, no.. No complaint about maintaining the liquid Blurt.
My point was, since we are getting the post returns in only Blurt Power, and the power down takes about a week time to get it converted to liquid Blurt, there are chances of not getting a chance to post in that one week period if we don't have liquid tokens.
To be frank, we are still getting adjusted to the rules and to do's for this new system and yes, as we go forward, we will be in a good position with regards to having liquid tokens for fees and all other requirements.
Thanks for clarifying about fee and setting of it by Witnesses.
Good Day :)
welll blurted, prob misinterpreted! oh i actually believe that a 50/50 rewards payout has status open and assigned for HF 2, item #40, see https://blurtter.com/blurt/@jacobgadikian/hf2-status-update
OK, will have to wait for HF2 to be implemented then... Thanks for the update again :)