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RE: What would Steemit look like if everyone chose to delegate their stake to a bid-bot?

in #steemit7 years ago

I really like this idea, we need to hold witnesses accountable and these bud bots are ruining everything that was awesome about the platform.

Correct me if I’m wrong though, I was under the belief that witnesses have to keep the steem that they receive on the platform and powered up? I thought that was one requirement. So if you’re receiving 200 steem a day for being in the top 20, you need to keep that steem active. How else would you recommend using that 6000 SP per month? I know there are thousands of options available for delegating but after all, they want to make money, would be interesting to see if there is a balance

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Correct me if I’m wrong though, I was under the belief that witnesses have to keep the steem that they receive on the platform and powered up?

I've not heard that one? We (myself and paulag run @steemcommunity ) and will be trying to fund our witness server via the block production payments and Post payouts.

The top witnesses earn a lot of STEEM compared to monthly server costs. Even with the full shazam setup, you are unlikely to be paying more than $500 a month.

I hope this helps, cheers for your comments :)

I'm not sure where I read it, but I remember something about the Steem earned having to remain powered up for a certain amount of time. I might be mis remembering exactly what the rules are though.

Well hopefully we will be holding all SP rewards for a long time yet, and so if this is a rule we should be good.

If you spot where it is written please give me a shout or stick a message on one of our witness posts @steemcommunity, cheers!

Will do.
Have a good weekend bud

Cheers and you too!