RE: My thoughts on the future of Spinvest
Damn mate, i have just replied back to the comments and now i dont feel like writing anymore, lmao
Great post and alot of good points brought up.
I agree that 200,000 tokens and the rest in dividends at roughly 9-10% per year is a good ballpark example.
Something like 10% has always been the plan but only after tokens are not being sold any more. Ive spoke about it once are maybe twice as it's a touchy subject. My plan has always been to run and build a team until we stopped selling tokens and then the team that built it start to get rewarded and funny enough, the figure in my head has always been 10%.
I personally like more off chain investment. Fuck knows what gonna happen with STEEM over the next 6 months. I think off chain we have around 2500 STEEM worth of investment which is about 3% of the total fund, not that much and not much of a cushion as a hedge for the fund at 3%. That being said, we will be buying 2500 STEEM's worth of BTC next week which will push that number to 5-6%.
As for stopping the delegation service, i feel your pain mate and for me, the earnings and holding posts are chores. It would be easy to convert the account into a Leo tribe upvoting service based on a delegation to upvote model. Steemleo frontend users delegate Leo tokens and you'd provide a daily upvote for them. It can be set up 80% automated, mostly just adding and removing users as they delegate are undelegate. I run a STEEM upvoting service based on the same model and it requires about 3-10 minutes per day to maintain and put out a daily post. It produces around 100 STEEM for me every week for what feels like no work. Alot of work in the beginning but you already have delegators in place. Most importantly, no more have to sell any Leo tokens, send out SPI tokens to delegators manually every week and having to produce weekly income reports which i think are the main things you'd like you cut out. I can teach you how and you'll collect a fortune in curation :)
SMT's will be interesting to see, i hope they are used and become popular. I do not know everything about STO's but SPI tokens are already ownership tokens. The idea of buying Tesla are google stock crypto is an amazing idea.
NFT's will require some work, there is not a lot of information out there on them. I have A SPinvest NTF already set up, just not done anything to it yet. I wonna learn more about them before i start to play
Again, great post man. If there were 10 more like it, i'd be on top of the world.
Posted via Steemleo
Wanted to give you plenty to think about mate - I like to occasionally think out loud and fire of some random ideas. The LEO upvote bot would be easier than what I'm doing now, but would not suit the passive investor set-up we have going here. I think that people like the current delegation model, as they don't have to produce some shit-posts to get ROI. (not saying any of our memmbers posts are shit, just that is what I see a vote bot encouraging)
We are ahead of the game with STO's, but watch out for them as they will be big I believe.
Talk soon mate.
@silverstackeruk and @jk6276, I like the original vision of 1 million tokens. Steem has a tiny user base but that will change and when it does, it will change exponentially. I believe token sales will increase exponentially along with that, so I am wary of capping the fund. I feel we have only just got started, and there are many big ideas to come. It also concerns me that somthing like 70% of tokens are held within a dozen or so accounts: we need better distribution than that.
Having said that, I'd like to see much more off-chain investments, and a focus on building a portfolio outside Steem.
I think it would be much more interesting, engaging and in the interests of the SPI fund to have more member activity, including building investment awareness. Hearing people talk about what they invest in and why, the considerations for them and how they manage risk would enable people who feel they don't know much, or feel a little anxious about investing to take part and feel more confident about what they are doing. A monthly club meeting with a guest speaker with a nice clickbait title "why I wouldn't touch [property] with a barge-pole" (in fact, replace property with another word each month :D), would bring members together, build relationships and knowledge. Or a discussion about reserves (call it a buy-back wall, if you will) - are they important, pros and cons, how big should they be or some other topic relevant to understanding SPI and how investing works.
Fully understand about the grind of taking on a role like managing the spinvest-leo account, I've done similar things many times, which is why I'm not taking it on now as I'm approaching the end of my working life. I did consider whether I would do it if there was some recompense, as you are proposing. The answer was still "no"! I try to be a critical friend - ask questions, offer support, suggest ideas. That's what I can do for SPInvest.
I wonder whether there is any possibility of automating some of the more routine tedious bits of running an account - maybe consider the possibility of paying in steem/tokens for someone to do the development needed for automation or, if this is a problem that may affect many other tokens, asking whether there could be an automated system built into Steem-Engine. Should have written a post!
I would still like 1 million in circulation, capping at say 250,000 and issuing the rest through dividends is no short term fix. Yes a handful of token holders hold must of the tokens, i would rather this was not the case as well and why I've been pushing sales so hard and trying to introduce things like beneficiaries.
Im 100% with you on building outside of STEEM, 110% in fact
Im not posting for SPinvest this week but im still writing posts and a lot of your concerns are ones we share as i have already wrote about them in these un uploaded posts. New token distribution plan needed, club mod's, automation will be tested out, SPinvest communities, beneficiary incentives, club interaction and more.
And yes, you should have wrote a post. Copy/paste this comment into a post and get this shared :)
Okay 😊 I think, given the age of spinvest and the external environment, SPI is going really well. Good to have this moment of reflection and review. Look forward to your posts when you're ready.