Do you prefer Steemit's stake to stay neutral?

in #dpolllast year (edited)

Do you prefer Steemit's stake to stay neutral?


Steemit Inc. delegates 18.5m SP to some dApps and communities. Considering the delegatees spend their votes daily, this is a huge ninja-mined stake influencing the reward pool.

Let's do some quick math and calculate what 18.5m means:

Total vesting sharesSteemit's delegated vesting shares
41246650753737145498659

It turns out 9% of the reward pool influence is delegated by @misterdelegation to other accounts.

As a stakeholder, your influence in the reward pool is getting a direct hit. If this ninja-mined stake would stay neutral, you would be getting more influence in the STEEM network and your vote would be more valuable.

On the other hand, your vote's worth is directly related to the market price and this price may get positive effects from the development of STEEM dApps and communities.

I am not implying that it's good or bad. I personally have mixed feelings about this practice and am curious as to what kind of ecosystem we see if these delegations were gone.

The question is:

Do you prefer Steemit's stake to stay neutral?

Make sure you cast your vote on dPoll and place some additional comments.


  • Yes

  • No

Answer the question at dpoll.xyz.

Sort:  

I vote for No.
Money should work. Steemit stake is part of the game which you accepted while buying STEEMs.

Agree. They are quite genuinely use their stake as a resourse of growth.

Fair point.

Voted for No.

It's a good question. My two cents:

  • It makes sense for Steemit Inc to distribute their stake to Steem users over time. Currently they do this by (a) not claiming on the rewards pool themselves and (b) delegating to trusted dApps that distribute (part of) their share of the reward pool for them. Steemit Inc's stake thus reduces by inflation each year, gradually heading out to users of the dApps.
  • dApp use is generally good for new users and smaller powered users. It's much more rewarding to contribute to dTube, Utopian, Steemhunt or Musing than to chase the whales.
  • You can consider the use of the Steemit delegated stake as a hit to your own voting power. Alternatively you can consider that everyone is getting a large subsidy by Steemit Inc not using their held stake fully. It depends on where you're standing when you look at the issue. In my view your Steem Power gives you the right to distribute the inflation that your stake generates (less those amounts that go to witnesses to fund the network).
  • Without the Steem delegation many of the dApps may fail and new development may halt.
  • Many posters have pointed out that the main Steem distribution system does not work. It's dominated by bidbots, vote selling and circular voting, since these generate more return than curation. Without the dApps you are reliant on a small handful of generous individuals battling a morass of bidbot passive investment.
  • I would actually prefer Steemit Inc to fully use their stake to fund the dApps and new development so that Steem grows.

If something requires delegation to be successful, it has already failed.

Many projects require investing to be successfull. But I see your point.

That's not true. A lot of dapps started with delegations before they grew and became a central and important part of the Steem blockchain.

If something requires Steemit INC delegation to be succesful, it has already failed, rather.
Community delegations mean that there is an economically viable trade.

The question is awfully asked, and is oriented. You are clearly wanting a Yes as an answer.

This steemit's stake will never be neutral. Even if they didn't delegate it, and didn't vote for it, and kept it just idle, it wouldn't be neutral. As long as these coins are part of the supply, they will never be neutral, as the threat of SteemIt starting to use it would still be there.

The question should be Should SteemIt Inc burn all their tokens?, then watch people change their minds.

Voted for Yes.

Yes.

But what reasons in particular can we think for StInc's stake to remain neutral vs any other miner account. Is it just a question of the magnitude of influence or is there more to it?

I would refer to the instances in which the stake has been abused to the detriment of the community for starters. dMania is one example that comes to mind.

I, personally, would be in favor of a tech solution for the the nullification of all premined stake. Think the early miners have had enough time to enjoy the advantage and its high time the distribution problem be addressed.

I believe could accelerate adoption especially to investors that have avoided Steem because of the centralization (perceived or actual) associated with a premine.

Let me guess that most people will vote YES because that supports their interests. I am no different. Steemit's delegation being neutral is essential for competition among DApp developers. Without that, we won't see proper improvement among DApps.

It's part of the Free Market. A lot of these dapps provide great value to the Steem blockchain, keep people on it, coming back and contributing, let alone all the programmers behind that putting all that time and effort to improve such dapps so that they can provide value for all of us.

Voted for Yes.

Yes, it was ninja-mined and it should be used only for creating accounts. And now it is not even used for this...

And now it is not even used for this...

:)

No. That's money that should be put to work. There are tons of good initiatives that could do with funding. I don't mean any dreamer with an idea - but solid teams that have running code and a userbase can use support to scale. That's good for the blockchain overall.

If I voted yes because of the ninja mine then the only moral action would be that the ninja mine is burnt via transfer to null.

Voted for Yes.

Voted for Yes.

Let the users decide. Good to encourage DApps but wouldn't others do that if they stayed neutral? I think so. Its a good community

We have a great community for sure, 18m sp is not a value we can replace. Even with the recent lows :-)

Voted for Yes.

Thank you for brining this issue to our attention... I think it is way too much steem to be put in few hands. I guess there are some cases where the stake is used wisely and in some others maybe not so much.

I would particularly find it wrong if people who get does delegations are using it to vote for witnesses?, specially if those witnesses are their own.

Voted for Yes.

Voted for Yes.

In frankly speaking; i dont have a pure idea of that. However, when i read that all these delegations are pre-mined, it makes me feel iike exposing injustice. Isn't that like printing unbacked money?

Voted for Yes.

I think Dapps should be sustainable on their own and shouldn't be depending on Steemit Inc's SP delegation. If Steemit inc's SP will be neutralized and the Users with lower level of SPs will have more influence to the network then thay would be a good thing (IMHO).

Let's take Steem monsters for example, it is one of the most successful project that didn't even get a direct support from Steemit Inc.

Dapps should be relevant enough to get the interest or attention of the masses and not because of the huge SP delegation that is being vested to them by Steemit Inc.

Voted for No.

Not really sure.

I would really prefer it to stay high.

Posted using Partiko Android

Voted for Yes.

I wonder if reversing the effects of the ninja mining can be done that way.

Voted for Yes.

Voted for Yes.

Calling @originalworks :)
img credz: pixabay.com
Nice, you got an awesome upgoat, thanks to @aydant
BuildTeam wishes everyone a great Christmas and bullish Holidays
Want a boost? Minnowbooster's got your back!

Voted for No.

I think it's fair for them to support Steem related dApps and projects with delegations as it helps develop.

Thanks for contributing to the dPoll content.

You have been upvoted from our community curation account (@dpoll.curation) in courtesy of This Guy... @bluerobo.

Come, join our community at dPoll discord server.


If you want to support dPoll curation, you can also delegate some steem power. Quick steem connect links to delegate:
50SP | 100SP | 250SP | 500SP

Would vote No. It’s like seed capital to fledgling businesses which could be very advantageous to the Apps/ projects becoming self sufficient.

Posted using Partiko iOS

Voted for Yes.

Voted for No.

Since they already have a large stake they better support good projects that would help the ecosystem. Personally I'd prefer if they delegate more to smaller projects like dpoll.

Voted for Yes.

I will vote for yes also

Voted for No.

I think Steemit Inc delegation has helped the number and quality of apps grow on Steem. Without delegated Steem Power many of them would struggle to survive. The Steem Power enables the app to upvote users and attract more people to the app and to Steem. Eventually, we should see a positive affect on the price of Steem as more people use Steem and its apps as well as want to invest.

Voted for Yes.

This post has been included in today's SOS Daily News - a digest of all you need to know about the State of Steem.



Voted for Yes.

Congratulations @emrebeyler!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 6 with $ 150,2

Voted for No.

I think dapps should have a kind of reputation and delegation could be in this way too

Voted for No.

If they have 9% of the reward pool influence, be neutral means take out all delegations, witch will be very bad..
I think they should continue delegating based on DApp influence/activity/users engaged/dapp curation

Voted for No.

No, their stake shouldn't stay neutral. The part that was ninjamined should remain neutral(think its the one in @steem and @steemit should not be used. But if they acquire more by either buying it or whatever, they should be able to use it as they choose.

They never acquired more, it's all coming from their initial mined stake.

Voted for Yes.

A ship with a lousy captain. That was my view of Steemit Inc and @ned

Voted for Yes.

Unless it backed sfr to combat abuse.

Voted for Yes.

Voted for Yes.

Voted for Yes.

What have we here,one year !BEER