Please be kind enough to explain "delegation" to me so I can get it straight in my head. I would be SO grateful! :^)
I've been following your posts and I think I have the investing part figured out now, but "delegation" eludes me.
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It's basically lending your STEEM POWER to someone else :) Check out this post:
https://steemit.com/steemit/@liberosist/a-brief-guide-to-delegating-steem-power
The cool part is that even that you're lending the SP, you still have full control over it and you can un-lend it anytime you want. There is no way that someone can steal it from you or do any other harm to your steem account.
Thank you @cardboard. Still looks terribly confusing. Just reading through that post makes my head swim. (No minnow pun intended.) LOL Do you have to have Whale status to delegate?
Delegaing around 1 SP should be enough for daily payouts :)Nope, you can delegate even 0.001 SP - this still will be tracked by @tipU.
Thanks!!