A NEW business opportunity: Steemit Vote-Reselling
There are two-ways Steem Power could get a real (passive) RoA for investors, which we really need right now.
Retail: Broker-Platform
@dantheman was talking about a vote-delegation/negation functionality, so that users could delegate their votes to somebody else. This is in my eyes a very useful feature, as somebody could build a website for temporarily selling the voting-weight to somebody else and earning money for doing so. This feature could even be included in the Steemit Website as an "Internal Market for Voting Delegation". People could buy this service also to give their articles an initial push instead of hoping for a whale to give the first upvote in order to be/stay visible.
The demand for this feature would establish a market price per delegated vest, which could be paid in Steem Dollars. This would on the other side establish a RoA for Steem Power. Right now the only return in increasing Steems is only a compensation for the inflation, which does not hold a real return for the investor if he is not using the Steem Power actively. Passive income by delegating to the current market price would give a really nice investment opportunity in a zero interest environment.
Wholesale: Ad agencies
Many ad agencies in the world should listen up and checkout a new way of promoting campaigns for clients.
Not always it is feasible to buy up lots of Steems and powering them up if you only want to promote something for a short time, like a week, or even a single article.
Ad agencies should identify this gap and invest now in Steem, so that they can offer clients to push their content for a limited time or a single article for example, earning money by campaign.
I have never seen this business opportunity being mentioned anywhere. Always it is only been talked about big companies like CocaCola directly buying influence. But for many smaller companies it might be more interesting to buy votes from an ad agency without having to power up for 2 years, just for pushing an article or a one week campaign...
The Ad agencies who enter today, in case Steem gets big, might be important players in the future. It is obviously risky, but the reward might be great as well.
I called the "Internal Market for Voting Delegation" the rshares/SD market, but I guess your name sounds better because it is less technical. I already have more detailed designs for this and would be happy to start the implementation of that code, but only if Steemit devs agreed to incorporate it into the official codebase.
Wow! I was not aware of these internals (rshares), absolutely gorgeous!
I really liked and upvoted your article... Sorry that it does not increase visibility that much... I would hope that Dan saw your article... but he did not comment nor upvote... Perhaps he has not seen it yet? Or is Dan against incorporating this rshares market? I think this would boost the investments in Steem/Steem Power considerably!
Interesting as I saw last night where people were transferring funds to whales in hopes they would read their work. At least this way it would be legitimized.
I like the delegate idea. Hope it will be available soon.
Finally small fishes can combine to have a fair even ground with the big fishes.
I get what youre saying, and this is the first time ive taken this position publicly but ive always held it...
FUCK THE ADVERTISERS.
JESUS.
Seriously. Fuck 'em. The whole point of this site is to create a financial incentive for social content WITHOUT ADS!
Advertisement has taken over the web because it is the only way to make money. They are the whales of the greater web, and if you believe in Steem, you'll agree with me: FUCK THEM. Fuck clickbait. Fuck targeted advertising. FUCK THE OLD WAYS.
Peace, I'm out.
I hear you... but we have to get someone buying the Steem... or the project is finished, as there are too many users who are cashing out if not.
And one has to have a really high marketcap in order to attract people to this platform. A 150.000 dollar total reward each day is not enough right now... People are very hesitant and lazy to switch over their followers for 3.29 USD rewards...
As Dan said: if the marketcap is the same like Bitcoin rewards will be 1.75 million dollars a day. If you want to get there with millions of users, the rewards have to be higher as well...
Someone? Could be anyone. Doesn't have to be advertisers. They'll buy Steem on their own, after it gets big, when the price is high and us early adopters are laughing in their face.
We don't need to invite them. We need to make Steem so attractive they can't afford not to buy it.
Yeah, but the only reason to buy Steem Power is to push articles to the top, making them visible... This is the same. Even though technically it is some guy... in the end he tries to influence in his favor the visibility of his article.
But if the reward is too low and too few people receive something, people will stay where they are or check out other alternatives...
We can hope that the whale selling creates a lot of new Dolphins... so that much more articles get rewards... But it would hurt if the price is to return to a Dogecoin marketcap of 25 mil. or even below to absorb all the Steem the whales want to sell....
Nice to see someone trying to provide some real solutions.
Recently I also was thinking about that issue, but from a bit different point, considering rather "renting" , not "reselling" votes.
Mine curation rewards are now about 0.1% SP weekly. Good curators are making about 2%.
What if a group of good curators would organize a "curator pool", inviting people to delegate their voting power to the pool for bigger curation rewards?
If I'm not very choosy ( and I'm not, basically I'm ready to upvote anything above average quite low level) I would be happy to do so.
There could be different pools, pools specializing in art, pools specializing in science and so on...
These pools would be beneficial for whales and minnows both.
@arhag made a good article on this issue a week earlier... I did not know about the article... the best and easiest thing is to sell these rShares, which seem to be recharging using the Steem Power. That would be really perfect, and you would have something that you could really call a real return for the Steem Power. This would also incentivize people to stay powered up, even if they have no time to curate or write articles...