Recently, I had a chat with some friends who used to use Steem but stopped couple of years ago as they found it quite complex but they are now interested in HIVE after I updated them and I've been encouraging them to try it out for sometime now.
But there were a few concerns which I think I've addressed objectively now. However, I felt their concerns were valid, especially for anyone considering to purchase and powering up Hive and then figuring out how to maximise their ROI in addition to simply using the dApps here.
There's a lot of interest around crypto in India once again so people are jumping on the bandwagon especially with projects they were once familiar with. I'm trying to bring some of that interest to HIVE once again.
Few questions:
We have services on Hive that helps automating your votes but do you use it or prefer voting manually? Why?
Has automating your votes worked out for you in supporting your favourite content creators and/or maximising rewards?
If you are staking up continuously, do you seek to maximise return on your investment via voting/curating users on Hive? With all the bot voting that takes place are you able to maximise your curation rewards?
Or do you feel like it's worth voting others consistently everyday only if you had a large stake?
What is your one big reason to power up your HIVE tokens today?
How do you think the overall experience of voting can be improved further on HIVE?
I'd love to read your thoughts in the comments below, you don't have to answer point wise so feel free to respond in anyway and feel free to share any concerns you have.
Some very good questions. Here is how I see and use my vote.
I am looking five to seven years down the road, with my haphazard method of voting I am still earning about 9% ROI per the hivestats page today on curation. When one adds on and in any votes on comments made, or votes on post made, I am sure that number is well exceeded. In additions to the curation rewards, and author rewards, there is also the powered up interest reward from just having Hive powered up.
Hope it helps, my views only on your questions, representing no one but myself, and not a guide to voting. Voting is a personal choice, how one uses their vote is their business. There is no right or wrong way to use a vote, it is a choice we make, even the choice to not vote is not wrong.
Thank you for the detailed response. It's great that you could take some time out to do this. I waited a couple of days hoping to see greater engagement on the post before responding. I really hoped to get more comments on this post so there could've been a better discussion on this. But the two good comments including yours provided me with some insight going into 2020 into the outlook of some of the users who have shown support towards this project and hope to see it grow. I also had a few discussions with some other users i know personally in other channels of communication on this topic to get their views. While the overall feedback I received remains quite mixed I'm happy to see your take on all of my questions.
Sometimes it is difficult to get people to respond to questions like this, I really don't know why. There are after all a lot of ways to vote, and I guess some people just don't like to talk about voting, like it is a taboo subject or something. I was glad to try and help.
Thank you for your detailed response. I hoped to get more feedback on my questions on the chain but this will do for now. Btw, are you using Hive.Vote or something else like your own voting bot?
As someone who has been around witnessing evolution of this chain from its early days I feel it's not easy to optimise curation rewards manually. But a combination of bot + manual voting seems to be working well for few that I spoke to recently regarding this in other some channels.
Yes, I'm using Hive.vote for the few people set up for automatic votes. The majority of my votes, however, are manual.
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