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RE: To Delegate Or Not to Delegate That Is the Question

in #hive10 days ago

The first thing I've learned about delegating - read in a "starting Hive for newbies" kinda post - is to start delegating only when you have at least 2-3k HP and the main reason to do that is indeed to support a new user who you believe is going to bring value into the platform.

But now I'm starting to understand a bit how delegating to some curators could increase my stake. And I have your own need @peaceandmoney , because my first goal is actually to break through that 2 cents threshold.

I'm not thirsty for money, I don't think I'll ever become rich thanks to Hive. My only thought is to help genuinely grow the community.

But now I'm confused 😅

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It can all be very confusing for sure, as I have discovered. There are many sides to the delegation debate. The 2-3k HP threshold makes sense in some ways but we all have to make our own decisions and build our own road on Hive.

It's definitely good to support others when you get to a certain stake threshold but you also have to grow your own stake to get to that position. You also have to increase your stake not just for the money but for governance reasons too, it all interacts with each other.

I think delegations can be used to legitimately help build your own stake, there is nothing wrong with that in my opinion.