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RE: Steemit Roadmap 2018: Community Input Requested

in #roadmap20187 years ago (edited)

Remove the STEEM Power delegation function. It not only reduces user demand for STEEM on the open markets, but it has also created another avenue for widespread mismanagement and abuse/exploitation of the collective and limited reward pool.

Delegating/leasing Steem power is one of the best/efficient ways for us minnows to accumulate SP in order to become dolphins and dolphins to be orcas/mini-whales. Sadly, you are proposing to take that right away from us those with low Steem power.

Blaming that for the low Steem price is diverting the issue that one particular big whale seems to be now powering down/cashing out exiting Steem in batches without absolutely crashing the price according to @chitty in his post recently: https://steemit.com/steem/@chitty/steem-price-will-remain-low-i-am-sorry.

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Delegating/leasing Steem power is one of the best/efficient ways for us minnows to accumulate SP...

Actually, if you're leasing it, the chances are that you're barely breaking even, if you're breaking even at all. The best way to increase your SP would be to create content that is in demand and that you can create at a high-quality level. And in addition to that, you'd need to be able to consistently engage on the platform and network with your peers and followers to expand your audience.

The next best way would be to simply buy STEEM. Leasing it just takes you down a longer path to the same destination.

Sadly, you are proposing to take that right away from us those with low Steem power.

There is no "right" to lease STEEM Power. And can it really be said to be a "right" anyway, when just a few months ago, the function didn't even exist? Changing blockchain protocols has nothing to do with rights or entitlements. If something isn't working out or needs to be improved, it can be changed via the consensus protocols, which has happened 19 times already.

Blaming that for the low Steem price...

I am not blaming delegation for the low STEEM price. I simply stated that delegation reduces user demand for STEEM on the markets. It is only one of many factors.

Thank you for the reply but I am breaking even for 2 months now or else I would have stopped the practice. It all depends on how well you manually curate always (upvote hot posts that are exactly 28 to 30 minutes old) and not depend on steemvoter doing the voting for me.

The best way to increase your SP would be to create content that is in demand and that you can create at a high-quality level.
There is NO connection between quality of content and rewards right now. Any organic votes will be outbid by paid votes on a random kittens photos.

You forgot to read the next sentence.

And in addition to that, you'd need to be able to consistently engage on the platform and network with your peers and followers to expand your audience.

Also - this was written in response to "needing" delegation. Context matters.

And just so we're clear - I'm not a fan of the amount of paid voting bots that are operating. But if we really look at the paid voting, the returns are about as good as leasing delegation...which is to say that they're not very good. If you want the most bang for your buck when it comes to SP, it's still better to just earn it by posting/engaging and networking or by purchasing the STEEM outright and powering it up.