Vlog 421: The value of Resource Credits on Steem in the future.

Yesterday I caught the end of the witness forum and heard the question being asked why anyone would currently buy more than 50 STEEM?

The reason they mentioned 50 STEEM is that that's the amount, on average, most users need to operate on the blockchain daily without running out of Resource Credits (RC's).

For those unfamiliar with RC's: Every action on the blockchain, whether it's a comment, upvote, follow or a steem monster match costs RC's. The more STEEM you have the more RC's you can use. (cool fact: Even an account with no STEEM has some RC's before they run out).

Unless you are 100% up to date about what's going on the blockchain and have a clear vision of where you think it will go there is probably zero reasons to buy more than 50 STEEM for anyone that has enough resource credits that they need to operate on the blockchain.

My vision for Steem is clear. I believe it will be the biggest social economic ecosystem in the blockchain space.

Yesterday I talk about why I'm buying STEEM already on the most basic level (it will be harder to get) but I felt like I missed some key points so I go a bit deeper into my other reasons to buy STEEM.

They are a bit more technical involving, account creation, communities, resource credits pools, and buying others Tokens.

I hope you will enjoy this vlog.

I am part of witness @blockbrothers.

Please consider us for your witness vote if you think we deserve it here:

Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect

We are the creators of Steemify a notification app for your Steemit account for iOS.

Get it Here: