Delegating Steem-Power For The First Time Ever
For the first time ever in 8 months, I have decided to delegate my Steem Power to a project. At first, it was only a 50 SP deletation, but now I've upped it to 145. Considering I still have 2500 SP leftover, I'm not too worried about it cutting into my vote power.
I love me some shitcoins, and Actifit is the ultimate shitcoin. Built on nothing but hopes and dreams, this SMT project is keeping track of what they owe everyone until the beginning of next year when SMTs release and they can actually have their own coin.
Actifit pays out coins based on delegations and using their activity counting app. The app is primitive, but it does the job. I expect they'll upgrade it in the future.
In essence, Actifit provides basic income to those who use it. I support any idea that will keep plankton active on the blockchain.
As far is delegation is concerned, the ratio for SP granted to Actifit vs coins received gets smaller everyday. This means everyday Actifit is receiving substantial delegations and the reward pool becomes more diluted. I've almost wondered if I should delegate all my coins for a few weeks rather than a few coins for a whole year. This would yield more coins for the same delegation rate on average because I'd get in sooner than everyone else a year from now.... Whatever, I like my 11 cent vote.
The one really annoying thing about it is that to collect rewards you have to sell out your followers and clutter the feed with low quality posts. I started posting on my other account @smartasscards for this exact reason. Still, there's no rule that things won't change, either on Actifit's side or on the frontend clients for Steem (Steemit, Busy, SteemPeak).
I've always said that the Discussion object in the Steem API requires an attribute called, "priority". This would be the author telling the blockchain how highly they ranked the Discussion they just posted. It would be a number between 1-10000 (0.01% to 100%) just like voting percentage. For posts like Actifit this would allow us to let our followers know that the post is low quality, and they can filter it out of the feed if they wanted to.
I don't expect to get anything out of my Actifit investment. This seems like a system that would immediately get gamed into the dirt if it ever became worth anything. Still, I have high hopes; I love me some shitcoins. A chip and a chair is all I need.
"Considering I still have 2500 SP leftover, I'm not too worried about it cutting into my vote power."
Do you know about the .02 payout threshold?
No, I did not.
https://steemit.com/utopian-io/@crokkon/got-upvotes-but-no-payout-an-overview-of-the-situation-around-the-minimum-payout-threshold-1536870593455
Does that mean all these people I upvote for 1 cent don't even get paid? LOL :(
Wow!
Yeah every single solo .01 upvote is basically worthless and you lose out on curation earnings and vote power when you do them.
Even some .02 solo upvotes are worthless it they are .019 upvotes and not .020 uptovtes.
There is @dustsweeper to help out but it apparently it has limited power and can only do 2 upvotes a day.
Wait, is it really pegged to USD? If Steem goes x10 a lot more people are going to get paid out?
Yeah it goes by the listed SBD payout. A higher price would help more people get paid out but it would have to go up a lot for solo newbie votes to get paid out plus I think they are going to lose some of their delegations.
I'll just change my upvotes to 30% minimum
That is exactly what that means. If it is not a solid 0.03 they get nothing.
LAME!
tell them to invest in @dustsweeper
Thr really is no need for a separate priority field i believe, if a frontend wants to, they can save this data in json metadata and apply filter based on that.
On separate note, if u want to delegate for steem than i am interested in 250-500 sp. This will also give you access to a private curation trail that i run. Let me know if u r interested.
good point. I forgot about the json. That's going to help me a lot.
Delegate for Steem? What do you mean?
What are you working on exactly?
I meant if you want to delegate SP for a certain number of steem, then i am interested.
I am working on a bot to upvote utopian posts based on some arbitrary criterion i came up with.
Yeah I looked into your work more. Leeching curation from Utopian-IO... lol. I'm definitely interested. I'm waging my own war on curation and this could be a good side project to support.
How much would you like to delegate? I have a open delegation request on delegationhub for 12 weeks. You can also follow my curation trail and see if u like the returns. Later we can talk to add u to script directly.
we already have that, in fact most apps already utilize json meta, we do that on actifit.io to display actifit posts, along with other criteria
"I love me some shitcoins."
Thing is, Actifit may well be a shitcoin, but if you do all that exercise to earn thoise shitcoins, and you actually get fit, you may well end up living longer and healthier, and that's worth way more than a bit of free money. :)
Fair enough, but when I say "shitcoin," I don't necessarily think that the coin will never have value, just that at the moment it has none. Speculation is a powerful drug.
Personally I'm not exercising more because of Actifit. I walk over 60 miles a week at work, as is evident from my Actifit reports :D @smartasscards
Ah you just reminded me how annoying it is to work the night shift and miss the midnight cutoff. Trying to post at 1 AM this morning was too late.
60 miles is a lot of miles to be walking each week at work! They must love you a lot at work to be so mindful of your health and fitness. (Tongue in cheek, as you say, it's late).
As for the actifit coins, your point above, about potential "gaming" of the system, seems a mighty big hurdle to clear before the coins can be worth anything. If they start to be worth something, I imagine farmers tying actifit machines to their livestock, and registering all the sheep and pigs as people. :)
Haha, I think it would be much easier to trick the app. Someone will figure out how to spoof 1000 phones across 1000 dummy account.
I have also delegated to them and try to put out a report card every day. Nothing motivates me like money. :)
Glad to know Actifit was your first time delegation, and we appreciate your faith in the project !
It is our target, and we are certain of this, soon Actifit tokens will actually have value, only a matter of time.
Your cool post earned you some additional rewards just know :)
Your post has been hand-picked by an Actifit moderator for additional reward as having great content.
Well done! You've been accordingly rewarded 150 Actifit tokens, as well as an Actifit upvote
Actifit..Rewarding Fitness Activity
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STOPTo support your work, I also upvoted your post!