Would You Hold Steem Power If There Was No Expected Financial Return?
In other words, if you weren't expecting to make money by holding Steem Power, would you hold it for other reasons, or would you sell it?
For the purpose of this question, assume that there is no major financial risk to holding Steem, but also no financial benefits for you of any kind.
- I would hold my Steem Power - I would not power down and sell.
- I would not hold my Steem Power - I would power down and sell.
Answer the question at dpoll.xyz.
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I would hold Steem Power because of resources, otherwise I couldn't claim new accounts. :3
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If I can help others with my SP then I'm happy to keep it there. My curation rewards are minimal anyway.
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I'd say
I would hold my Steem Power - I would not power down and sell.
Coz I don't want to be lynched in here for saying otherwise
LOL
Don't be afraid to tell/say/write the truth.
I'm terrified of the truth kind sir
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Actually I Like to be honest that is why my answer may be different than the rest. For me, I will not hold my steem power. I will rather power down it and sell it. I can sell it, invest in something that may double in financial terms quickly then I may come back and buy more steem to power up. By that, I still have steem power even though there is no financial benefits and also I have been able to utilise my steem power, I mean the previous ones for financial benefits
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therfore Steem makes me too angry too often to be so heavy invested here
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It still gives me an influence and weight on the site. I remember having no SP and being ignored by most people.
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What do you mean by "If there would be no financial gain"?
No curation rewards (and/or) no upvote value?
Or there would be upvote value, just the people would not be able to self-upvote?
But many people have multiple accounts, so that would not work.
Selfish and greedy people would upvote themselves either way.
These actions are not (directly) coming from holding Steem Power, but from using it.
Only the 15% of the distribution is coming from holding Steem Power.
The question should be more detailed/clarified, because it is not completely obvious.
Edit: You wrote "no financial benefits for you of any kind", so the question is cleared by this.
This means all of the above, which are no curation rewards, no 15% distribution, no author rewards by self-upvoting.
I am not going to lie. Everyone is doing this for the money.
If there would be no financial gain by holding (and/or using) Steem Power, then what would be the point of holding large amount of Steem Power in the first place?
Or any amount of Steem Power.
If there would be no financial gain by holding Steem Power, then probably the whole Steem blockchain would fail. Everyone would leave the Steem blockchain.
As there are already many people are left (and still leaving) the Steem blockchain.
Before you would write that I am lying, I tell you that the numbers are not lying.
High Steem Price ===> More people are active on the Steem blockchain, and the people are more active in the Steem blockchain in general.
Low Steem Price ===> Less people are active on the Steem blockchain, and the people are less active on the Steem blockchain in general.
The whole Steem blockchain (and the activity of the users on the Steem blockchain) are driven by the money.
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I'd to think hard about it. I stuck a significant amount in at the beginning. Just over a bitcoin, but obviously it's seriously underperforming that currently. If there was no risk, no depreciation and there were curation rewards, I'd certainly stay though.
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Something between. Hold a little, but not so much.
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I would hold it in order to reward content - even if I don't get a cut from upvoting.
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I have never considered the profit side of holding SP.
I consider my SP to be a near or quasi money (something that's not money but you can easily convert to money) which I can convert to money in time of need.
It is the same sense as someone who keeps money by buying a property or real estate, hoping to sell it when he/she needs physical cash.
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Even without 'major financial risk' there is still opportunity cost.
Without potential returns, there is no reason to hold more SP than needed to have sufficient RCs for regular activity.
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Thanks for contributing to the dPoll content.
You have been upvoted from our community curation account (@dpoll.curation) in courtesy of This Guy... @bluerobo.
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