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RE: Locking stake for 100% passive income, improving content, helping apps

in #steem • 6 years ago

I heard this at the same time as you and agree there are some obvious benefits - a purer trending page for one.

Some people may be fearful of their being much less SP to go round content, but I think that the majority that would choose this option are already delegating to places where votes need to be purchased.

For accounts like freedom which currently delegates around 80% to bots and 20% to projects, I would expect the 80% to move over and the 20% remain where it is.

As you mention, smaller accounts may choose to lock some up, but if you are earning more than 10 selfies a day through content/curation, then it would likely be best to continue as you are.

Thanks for the write-up :)

6 years ago in #steem by
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     6 years ago 

    Some people may be fearful of their being much less SP to go round content, but I think that the majority that would choose this option are already delegating to places where votes need to be purchased.

    Yep, for most that stake is unavailable anyway since it is purchased.

    For accounts like freedom which currently delegates around 80% to bots and 20% to projects, I would expect the 80% to move over and the 20% remain where it is.

    I would say the same except, it could be that it could go 70/30 since essentially freedom will take full profit from the 70 whhile at the moment it is only getting 80-90%. Essentially that extra 10% is free investment potential for Freedom.

    As you mention, smaller accounts may choose to lock some up, but if you are earning more than 10 selfies a day through content/curation, then it would likely be best to continue as you are.

    For most small users they would be better off using their stake to build their network, the same as I recommend now instead of giving it to bots.

    Thanks for the write-up :)

    No worries mate. There is a lot to think about there.

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     6 years ago (edited)

    it could be that it could go 70/30 since essentially freedom will take full profit from the 70 while at the moment it is only getting 80-90%. Essentially that extra 10% is free investment potential for Freedom.

    Yes you could be right about that, 10% spare for more projects - winning already there :)

    Locking away everything is great if you aren't present, and of course the apps wont want to do this as they are rewarding content creators/players etc, but if you are a larger stake who wants to keep a voice, and potentially have some control of trending, then the stake would need to be available. Very interesting to think about who would like to still like to 'have a say'.

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     6 years ago 

    and of course the apps wont want to do this as they are rewarding content creators/players etc,

    So it empowers the apps to be major distributors and onboarders immediately. SMTs are easy ;)

    Very interesting to think about who would like to still like to 'have a say'.

    I think there would be quite a few who would keep some out.

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     6 years ago 

    The lock would include SP and RC, or just SP?

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     6 years ago 

    Just SP because RC is required by the platform for bandwidth. It means that they could still delegate to the RC pools which would be an additional reason to power up Steem anyway.

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     6 years ago 

    Just checking :)

    I'm struggling to see a downside to this for both the large investor accounts, the smaller accounts, and the communities trying to push the best of their content upward.