As the year draws to a close I'm thinking about what I can do to help Steemit. It's not all about what you can take from it. I do okay anyway thanks to the following I've built over the last year or so. I'm very grateful for the support I get and this is my way of paying back. Holding Steem Power gives you several advantages:
- You can give bigger rewards with your vote
- You earn more in curation from those votes
- You can delegate to others
The second of these may be over-emphasised. My curation rewards are a fraction of what my posts make, so I don't mind if they drop a bit. For some time I have been delegating SP to people I trust to use it well. Basically I am letting other people use my SP. I lose the use of it until I claim it back (which takes 7 days to avoid double voting), but they gain the first two advantages above. Unlike some others I do not charge anything for this. I just cannot maximise my voting to help others, so I let others do it on my behalf.
I use Vessel to do this. It makes it very simple. There are alternatives out there. Initially I used the Steemit Python libraries to write scripts, but this is much more convenient. Values are given in 'Vests'. I think there are about 2000 of those to one Steem at the moment. Most of these are people I got to know on Steemit or outside it plus some services I think do some good. I trust them to use it well.
You can see who is delegating to whom on Steemreports. Some of the whales are delegating massive amounts. It's interesting to see how that gets used. You can also see how people are voting. I don't mind if my delegatees do some self-voting as long as they also vote for others. We need a wider spread of voting to encourage more people to keep posting. I don't want to see it all going to those on the trending page. They shouldn't worry too much about curation rewards as that will still not be much generally.
I will be reviewing my delegation periodically to see if it's being well used. I encourage these people to vote freely for whatever they see that is good. Give some to new accounts that show promise. They can flag spam if they want as that should be discouraged. What I have given has given some people access to the vote slider so they can given even more votes.
This is an exciting time for Steemit. It's rising on Alexa and Steem is doing well. Next year could be when it all really takes off with the hardfork 20 changes to account creation and other features. As millions of people flock here we need to help them out with our votes.
If you have thousands of SP then I encourage you to delegate some.
I welcome any questions you may have, but please don't beg for delegation from me. I will only give it to those I know well and trust.
Steem on!
I'll buy guitar picks for Steem Dollars
If this post is over seven days old you can vote up one of my newer posts to reward me.
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