Buying Delegated SP - A growth opportunity
Well the whole world got screwed up by money lenders/loan sharks and their highly charged interest, and poor people who were unable to repay back their debt and the increased interest got them all screwed up.
The whole idea of micro-credit did end up with a noble prize, indeed its an awesome thing for poor farmers to get small loans in order to buy seeds for their farm, but nevertheless many of those people did end up with losing whatever little they had in times of bad harvest.
But the concept of lending SP is a bit different, paying the interest first and then get the loaned amount which is always there in the account and after the duration period the money will be automatically repaid. And by self-voting its possible to make a positive ROI. The only chance of risk is if you have a few enemies who will downvote the things which you self-voted or if you voted on posts thing are spam contents. Other than that there is another problem of the social complains, self-voting is a legal thing yet it is regarded as something shameful by the community because many users who don't receive much upvotes of their posts complains a lot that people with voting power don't vote for their contents.
Apart from that I wanted to try buying some delegation, and my first choice was @minnowbooster but while I was researching I saw recently @blocktrades started this delegation services and I got some from @blocktrades, I personally think its a good investment to get delegated SP and compared with minnowbooster the overall value of buying SP from blocktrades is higher if you consider the duration and number of days and rate of delegated SP
On that note I think there should be healthy competition between different service providers dealing with the same type of commodity which will eventually bring more innovation and cost reduction and will bring a better value for the customers. Next time I would like to check out other delegated SP providers.
Photo sources: Google search images
@steem-untalented
Congratulations @nee! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
Congratulations @nee! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP