RE: Announcing Steemit's New Delegation Application Process
As much as I like the idea I’m worried about huge delegations leading to further erosion of voter influence given what has been observed already in the past year or so. What is the real incentive for powering up if influence and vote value reduces for majority users looking to capitalise on powering up stake, due to delegations + constant sell pressure reducing token value and influence as we’ve seen off late?
Cheap as steem may be currently there’s no stopping the sell pressure right now. There’s no saying when prices will get back to a $1 or higher to sort of even out the impact from any large delegations further reducing existing user influence.
Wouldn’t it be great if people/businesses were first encouraged to buy their own stake and have skin in the game? Rest I concur with some other concerns on this thread.
Clietns and businesses must hold Steem in order to recieve access, services, experiences or influence. But it’s the influence that will be minimised with this process if all of the misterdelegation steem is distributed. So, the debate needs to be had, Is a Steem holding only for services, products and access to apps, or should it also be a Prerequisite for influence too?
Problem is, basically so far, everyone who purchased Steem for influence just delegated to bid bots and sold their vote. Let’s face it, it’s a nice thing return and who’s cares if it is sustainable. They just weren’t interested in having influence even when they had it. So the influence model was destroyed about 2 years ago. I agree influence is important, But I can only show u a couple of people who chose to actually use the influence over choose a 15% pa retun for doing nothing at all. Unfortunately, ok they got More Steem in their pocket, but now their influence is equal to a 50 cent upvote max and their pot is worth fuck all. Need more sustainable culture and thinking on this Blockchain. And the big question is, does the Steem model really give genuine influences that real people will choose to use, while also increasing the value of their capital?. THe answer right now is a clear hell no. Debate needs to be had
Hi there. I hope you are all right. Please anytime you can answer to me in Discord. I have sent you a PM.
PS: You can find me as 'theghost1980[Saturno.Mangieri]'. I have a nice proposal for you and it would be a pleasure to work together.