Wow, such an awesome post. Thank you for sharing!
This was shared in a perfect time as I'm looking into the possibilities of leasing Steem Power to improve the Minnow-ASAP project.
I know that I'll most likely end up with a loss, especially as the Steem Power would be used to grow others... But I haven't felt really comfortable with a loss of ~60%, which have seemed to be the only prices I've been able to come up with so far. That said, I'm a total novice in this area, so I'm glad you gave me some details.
- DLease seems like a good place to start.
Cheers!
It'll definitely be a loss unless you are 100% self-voting, perhaps even that isn't profitable these days.
If you do lease the best plan is to make a big song and dance about it, but I think even that wont capture much attention at present.
There are also other reasons to lease SP than purely profit, such as having enough resource credits to claim and create Steem accounts of send bulk memos. As an example we had 10k SP on an account snd it took us a week to send memos to 26k Steem acccounts, that includes time to recharge RC’s, if we had more SP it would have been faster, less SP and would have taken longer. With SP you can also attract users to engage on your post, for example we created a TokenBB forum and did a call to action for users to report bugs and feature requests and we would upvote their feedback, this made for nice engagement and great beta testing.
True, but most of the above doesn't require delegation to another account.
Delegations are used to:
Yep, they will arrive, for an up-vote or two, and when the delegation ends, tumbleweed.
I'm not knocking your service, the audit shows all is well. And, I do think that delegation for large investors is perhaps something that should be promoted outside of the ecosystem - at least they are invested.
If you run an app u may need to claim a greater amount of free accounts, startup apps may also need SP to function, new apps to Steem may not have a high SP holding to start, yes its true that users arrive for a vote or two but that is the general psychology of the retail market nowadays, people have so many shiney new things to explore on the internet, they rarely stick to one thing, for us the value we extracted in feature requests and bug finds were well worth it.
I took a look at account claims a few months ago and it seems there is no shortage of accounts for most of the main apps, at present. If/when demand outstrips supply, leasing from a service like MB could certainly be an approach to take. And if this shortage starts to happen, it wont be just you guys that are 'in business' I hope! :D
Established apps have loads of SP for claiming, I guess I was talking more about new apps.
Yeah, I've realized that. Unfortunately, it doesn't seem to be such a good investment if your plan is to grow others. I mean, judging by the numbers I got previous to this article, I would've lost about 60%, perhaps even a bit more than that... And for a delegation of, let's say 25K, it just doesn't work.
Another story if I had hundreds of thousands of Steem Power already. I wouldn't mind losing that amount for a few weeks, a month or two, as I knew I would be able to grow my account rapidly again afterwards. In my case though, it would probably take me about a year to fully recover...
It's really sad, but I'm glad there are services like this, and that some people out there are able to turn them into good use.
Good ways to grow others:
These are obviously great ways, but not at all what I have in mind for my project. :)
The road will probably be longer than I anticipated at first, but I'll reach the goal with time. I'm definitely not willing to give up this quickly. Not a chance. I'll just put my thinking cap on and figure out another, more sustainable solution.
Steem-ua? Get them to post via busy.org each day? umm, SBI's, concentrated voting (at least you get some curation).
Turn them into awesome Steemians who can attract larger votes :D