Introduction
Before a few days ago, I've never delegated Steem Power. Firstly, because there wasn't something like SteemConnect to easily and securely do such as thing and secondly, a project that I want to see succeed so bad as utopian.io.
Below, I will share why I decided to delegate 25,000 STEEM and why I think more people do the same.
What is Utopian and What Market Does it Disrupt?
Utopian
Utopian.io is the only platform rewarding Open Source contributions. This, my friends, is big. The project is still very much in it's early phase and there is a lot of work to be done still BUT the potential is huge.
By talking with @elear, I discovered that this idea was not a quick flash in the pan. He has been simmering it for over 7 years. Before STEEM, it was difficult to conceive of a way that would incentivize open source contributions in a sustainable way.
Now there is one...and it's powered by the steem blockchain.
Disrupting Open Source Technology
GitHub reports having almost 20 million users and 57 million repositories, making it the largest host of source code in the world. 20 Million of the most important users of the internet in my opinion. They represent, in aggregate, the movers and shakers of programming.
Building an open source community is tough. It is really difficult to bootstrap a community of people to hunt for bugs, submit ideas and submit code for a project.
But with the advent of utopian.io, @elear has created a powerful way to get people to do all of those thing...for a living if they wanted to!
How Big Can This Vision Be?
Before this project can come to it's full flowering, we will need 2 very important features coming soon on the steem blockchain.
- Community Features
- Smart Media Tokens
Community Features
One of the thing that utopian has to deal with right is how to effectively curate good and bad submissions. @elear released a temporary way for now to deal with it by incentivize curators to do that job. But I doubt this can scale.
With the incoming community features, the Utopian project will be able to have community owners being responsible of their own projects. The community feature will allow each project to have multiple level of control over their turf such as:
- Owner: holder of the community account's private keys. Assigns admins.
- Admin: can edit admins and mods. Has mod powers.
- Mod: can remove posts, block users, add/remove contributors
- Contributor: in closed communities, an approved poster.
- Guest: a poster in a public community and a commenter in a restricted community
Source: https://github.com/steemit/condenser/wiki/Community-Spec-%5BDRAFT%5D
This mean that if anybody starts an open-source project. They can be in full control of what is happening in their utopian community. I have a hard time to believe that utopian could fully blossom without such features. These features can't come too fast in my opinion.
Smart Media Tokens
Let's say a social media company like Gab.ai was to use Smart Media Tokens to power their business. They would be in control of a good amount of the stakes. Let's say their token is called GAB.
Gab.ai could have a utopian community and reward their contributors with Gab tokens. In a way, it's almost like giving equity of a network to the people who help build it. All the incentives are aligned for maximum growth.
Imagine all sort of open source projects, all powering their community with their tokens!!!
A Virtuous Cycle
If the steem blockchain is capable of powering the whole open source community of github, then the steem blockchain will attract some of the best mind to look into and improve every aspect of it since it will be their bread and butter so to say.
Why You Should Delegate Your SteemPower To Utopian.io?
The obvious reason is because it's a really good project that could potentially change the face of open source. But if that's not enough for you, Utopian rewards it's sponsors with 20% of all the authors rewards on the platform.
The more you put in, the higher the % of that jackpot you get. Not bad hey?
It's been less than a week since people started delegating and see where we are at already.
And my meager 25000 Steem Delegated represent 5% of all of that reward.
Conclusion
Believe me, this is only the beginning. There is a lot of work to do to make the vision of utopian.io into what it is meant to be.
Special thanks to all the other sponsors:
- @freedom : 243072 SP
- @transisto : 130195 SP
- @xeldal : 40474 SP
- @javybar : 10000 SP
- @jerrybanfield : 5000 SP
- @kendewitt : 5000 SP
- @ajvest : 4000 SP
- @yabapmatt : 2000 SP
- @allowisticartist : 1397 SP
- @n-ur : 1000 SP
- @masterofcoin : 1000 SP
- @iliasdiamantis : 1000 SP
- @bbrewer : 500 SP
- @unosuke : 500 SP
- @airmatti : 500 SP
- @nesian101 : 150 SP
- @rival : 100 SP
And of course @elear for spearheading this idea.
Looks like a great project. Let me do my finding of this project and will get back to you @cryptoctopus Thanks for the information.
Very interesting Project it sounds like a great future for the open source community!!!
wonderful comments
Agreed! Love the idea, bookmarked and as soon as I as I start earning some Steem I will be back to contribute!
Very interesting Project it sounds like a great future for the open source community!!!
I like the idea, and I'm following suit by delegating a third of my stake.
Cause he deserves it, and the dev is a really good person!
@cryptoctopus Thank You for explaining in detail how this works with delegating SP. I can now see all the different ways that STEEM is so beneficial for making STEEMIT even better and better.
Powerful idea !!!
How long have you been authorized? But I think only those who have as much SP as you can invest
When you delegate SP, you can take back at ANY time you desire. The SP is still 100% yours, . Whenever you decide you would like the SP back, you just go Un-Delegate it, and then it takes 7 days to return to your account where you can actively use it.
Thank you. Where can I read the manual?
What kind of manual do u want girl? Jerry also did a video about it, go and see it on youtube.
I get to understand about delegating steem power here. Thanks for sharing this information.
Sounds really interesting :) Maybe I should delegate 1000 (approx. half of mine) as well :) Will look further into this project later. Thank you for sharing!
If i had Steem Power or Steem i was sponsoring as well as i love the concept of this new project and if i am not wrong is the first one since SMT's were announced but unfortunatly i have really low numbers in both.
But keep up the good work guys as this project sounds amazing and for sure is going to be succesful!😉
good luck
I wish you a success.
I am also thinking now
Sometimes it's nice to be reminded that Steemit is not just about individuals getting paid for blogging.
It can also be about crowdfunding. Or even fundraising. The community gives you a boost.
Thanks for delegating to that project, the project is a laudable one. The 5% may appear small to the humongous 400K+ SP, but that is still a lot of SP. Thanks.
This is a no brainer for us now...looking at how much SP have already been delegated there is just amazing, already +470000!
Thanks so much for giving such a clear explanation making us aware of this awesome project.
I will surely follow closely now on.
Thanks again!
@cryptoctopus,
@javybar said he delegated 10,000 SP few days back! So, you are the 3rd most SP delegated person now! Great work and it's a good way! I mean it's a delegation, and you lend the power only! No real investment is going on! So better way to earn without a risk and it helps the project to build also!
Thank you very much for sharing this great news with us!
Cheers~
Way to go! This project will definitely boost the open source community.
Thanks for sharing.
I get to understand about delegating steem power here...tnx
This looks to be an awesome project. All the best to you and all involved.
@cryptoctopus - Sir, as always you made a perfect review about Utopian... Actually I heard about this before.... But I had no idea what kind of application is this... You cleared my doubts & I can feel the power of this concept... Thank you very much Sir.... You always help the community... Therefore, you delegated 25000 SP.... Love your work & nice you decided to share your experience Sir.... Therefore, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
Thanks for delegating to that project.
Is there any free slot ?
Proud of you, brotha.
May god blessing yo
you are talking about very interesting subject and we have to know this but i have to do more research about this. Thanks for this information...
Amazing article. I love it @cryptoctopus ! Resteemed
THANK YOU
Wow, this is completely awesome. I myself have made some little contribution on utopian.io. i think utopian.io is one of the best things that could happen to open source.
Its indeed an amazing idea. Thanks for your contribution and for sharing this post.
That is an awesome idea.
We created a little app to help us with some collection and calculation for the weekly Steemit #BeerSaturday Challenge - My idea and coding from another Steemian.
Let's talk at steemfest how we join this together.
This is a good thing to invest into considering its potential and use for open source projects. Cool @cryptoctopus
Community feature on Steem? That's so cool!
Bye to Discord,
I never understood what means delegating SP. Now it's clear to me. I wish you success with this project
when u dont understand something u should ask, we will help u if u need help.
such a motivation! let's spread the word!
great job
Read about utopian and @elear makes a good initiative about it here in steemit. It is awesome that you delegate such a huge sum. Wish to do the same but still struggling here in steemit
Sooo is steemconnect secure now? :)
hey!
Thx, I decided as little minnow to also support them. So I could only do a little bit. I hope it will be a great suc6. And I hope that I as witness will be seen more.. thank you for this post
that's a huge delegation and rightly so :)
also in utopian people can work as moderators and receive some rewards too .
this 5$ what you waiting its daily rewards or weekly?
wish you a success
you delegated more than @elear. it says you are really interest about this development. impressive review @cryptoctopus
@resteemia
You opened my eyes - I thought Utopian was created only for Busy project...
Yesterday I wrote my first article through Utopian.io, and was pleasantly surprised by the reward for this. Unfortunately my wallet is not so fat to make donations, but I wish good luck and profit to all investors who put their money to this project.
Thanks for your efforts, @cryptoctopus. Your post about Streemian actually inspired me to start learning Python. So far I've managed to get a telegram bot working shrug it's something...
Also, I'm loving steemconnect - not having to be concerned with account security makes it a lot more fun to code.
I'll try to support the apps on utopian.io and hopefully I'll be able to announce my own app soon!
wonderful
I am sold. Delegated 1000 SP to utopian.io .
I wish I would have became a computer programmer in school. My dad kinda talked me out of it, but admire the people that troubleshoot and make all these improvements and now get rewarded is awesome.
u dont really need to be a programmer, there are other way.
I dropped a modest delegation into it myself this morning, after seeing this post when you first published it. I also did a tiny bit of moderation there as well, and plan to do more of both.
Good stuff. Thanks for bringing it to my attention.
Yours in Service,
@SirCork
Witness #98
Founder @YouAreHOPE - the steem powered worldwide humanitarian aid organization bringing Help, Opportunity, Purpose & Empowerment to disadvantaged people in economically distressed locales, all around the Earth we all share.
Not wanting to take away from the scope of this article and the awesomeness that is Utopian, but:
Have a look at desktop wallet Vessel. It's open source, currently hosted on Github. It has many account and wallet specific functionalities, one of them being delegation.
Here's hoping soon we can reward @jesta, and contributors, for his awesome work on this project via Utopian. :)
I wish I could do that but the problem is I still have very low SP since I'm still new. I wonder also how I can be delegated with SP.
This is very good project. Thanks for sharing