That is just my theory so it might not be correct. lol.
But if you look at other people's accounts, high SP usually equals high followers. Maybe people like to follow people who are rich in steem?
I would like to give Delegating a try though. I might move some more Steem into my account and give it a try! :)
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Hmmm it's somehow like the real world. Personally I want to follow others because of interesting posts they write not because their SP expecting their upvotes. I wonder those with heigh SP really upvote me when I follow ... ;)