You are viewing a single comment's thread from:

RE: BlockTrades updates web site, first round of delegation pre-orders filled

in #blocktrades7 years ago

I appreciate the work you're doing to help the Steem economy, your website is really useful and it make trading steem a breeze. I appreciate the steem power delegation you're doing as well. I'm just bummed that I missed out, will you come out with news about it soon?

In light of the complete sellout, I just had an idea that would be interesting to implement: automatic decentralised delegation between users. But rather than force the delegation to be met 1:1 by a single user (as is the norm), it would be cool to sign one's user up to the delegation pool, and that software divides up the necessary SP and sends it out.

As in a user would sign up and say use my steem power up to x %, you come up with a rate for how many steem or SBD or whatever per SP, but then when someone makes a request the program divides it into portions of minimum 2 SP (as that is the minimum to be delegated) and allocates it over different accounts. And vice versa. So for instance if I sign on with 500 steem and someone else with 246 and someone else with 328, and someone wants say 580, the program understands to take 500 from the one and 80 from another. Get it?

I think that would be a GREAT way to keep this SP delegation thing going without relying on one single source of SP. So rather than the way Minnowbooster does it (where I simply never get my requests filled no matter what tbh), this would be more reliable and on demand. That way it can be for different time periods too.