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RE: MY VERY FIRST TRIP TO SWITZERLAND - one of the most crypto and blockchain friendly place on the planet earth

in #steemleo • 5 years ago

Hi,

Thanks for reaching out. Great to hear that you are promoting the Steem blockchain and crypto in general to businesses.

Here are my quick thoughts on explaining Steem Power and delegation (in layman terms) to people that know little about Steem.

Steem Power - is a way for long term Steem holders to (1) receive interest on their Steem (2) have influence (voting power) on the platform. The trade off is that they need to 'lock up' their Steem for a period of time.

Delegation - is a mechanism of donating Steem Power to another person or company. You don't lose control of your Steem, you merely transfer the influence (and interest) to someone else.

Delegation opens up new opportunities for Steem investors to spread their influence and fund projects whilst retaining their principal capital.

For example, delegating Steem could be an alternative way of Crowdfunding that gives a greater level of control to the donator.

E.g. instead of pledging $1,000 to a project as you would on say Kickstarter, I could delegate 10,000 Steem. The project can use the additional influence (and interest) to help it grow. I can make my delegation contingent on the project hitting its milestones and adjust the level of my delegation accordingly. After six months, a year, two years (whatever period I like) I can withdraw the delegation, keep the Steem Power myself or delegate else way.

All the best!

5 years ago in #steemleo by
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     5 years ago  

    Thank you for this amazing comment @nanzo-scoop
    Strong upvote on the way :)

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       5 years ago  

      Good morning @nanzo-scoop

      I just realized that I never thanked you for your previous comment. BIG THX! :)

      ps.
      Also - would you mind if I take few minutes of your time? (I hope I'm not asking this question to often ;)

      Anyway .... together with few core members of project.hope team - we'te trying to promote our recent publication: an article explaining economy behind our non-profit community project build on STEEM blockchain.

      Perhaps I could ask you to spare few minutes and check it out and share your feedback with me.

      I would absolutely appreciate it a lot. I read all comments and I drop solid upvote on each valuable one.

      Link: https://steemit.com/hive-175254/@project.hope/3-ways-of-joining-our-efforts-project-hope-economy-explained

      Yours, Piotr

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