Delegation is a powerful feature. I've delegated to a few people I trust so they can use it to vote up the good content. I do have concerns about people buying such things to just benefit themselves, but I think Ned said it's just another business opportunity.
I saw you around at Steemfest, but missed the chance to chat and thank you for your generous votes on my posts. They are much appreciated. This platform is amazing and the people I met there just reinforced my belief in it.
@blocktrades I just went to https://www.steemnow.com/upvotecalc.html and put in 100,000 SP. It calculated that full power upvote to be worth $8.44.
Is that correct? (For instance) paying $2,000 for approx 100,000SP only gets one less than $10/upvote? (yes I know steem price varies, etc.)
In your experience so far, what do people do with the delegated SP they buy from you? If they buy, say $2,000 for an approx $9 upvote....even if they do all 10 full power votes for themselves they're running a loss on that investment. I guess they're hoping for followers and 'trend' upvotes...)?
I haven't done the math, but I think delegations are only cost effective if you are able to get others to vote for your posts as a result of the higher profile your own vote brings. But you are missing one factor in your calculations that improves the value of getting a delegation: a delagatee doesn't just get extra money when he self-votes, he also gets higher curation rewards on all his votes (not just his own posts).
Hmm, right. Thanks.
If, for instance, one bought 2,000 of delegated SP (about a $.15 upvote), and JUST curated, could one break even or profit in 30 days?
I haven't seen the values there yet (will go google something like 'how much can one make curating on steemit').
I doubt it, but in theory I think you SHOULD be able to, because more people would see the post you've upvoted and upvote it as well. In practice, I doubt you would unless you were very good at finding posts that other people just don't see at all, because the 30 minute rule tends to crush a curator's potential for profit (this is something I would like to see change).
Why would anybody spend money to buy delegated SP to spend it all on others? Then it' s just a straight monetary loss.
@haveyouvisited
It is called a philanthropic spirit.
There are actually many on steemit that do it. Same as YouTube, people give money through Patreon to their favorite content creators.
Yep, many of the people who've contacted me about the new service are interested in promoting some kind of common-interest group of writers.