Leasing on Steem is the future.
STEEM is still affordable today.
I personally don't think this will last forever.
I picked up some more this morning and quietly, yet consistently, grow my SP in the background.
When the price reverses STEEM will be too expensive to buy for most individuals and startups is my simple reasoning (It will be for me).
And maybe that's already the case, I don't know for sure.
When STEEM becomes too expensive, leasing STEEM will become the norm. It's inevitable when Steem succeeds.
Why?
When I look at the total supply of STEEM and compare it to my own account I know there is only enough STEEM to form 1521 @exyle accounts.
We already have 50k active accounts today. And I expect this number to grow substantially in the years to come. Especially now that we have successful apps and communities with revenue models forming on Steem.
What I do know is that all Steem accounts today and future accounts need a little bit of STEEM to operate on the blockchain.
Staked STEEM (steempower) provides the Resource Credits an account needs to make transactions on Steem.
If I want Steem to grow I (and many other Steemians) will be forced to lease our STEEM, otherwise not enough people can join the blockchain.
(side note: you never thought you would become an investor? Sorry to bring it to you, you will become one because you blogged about your cat for the last 3 years earning STEEM, if you never sold that STEEM of course).
Leasing STEEM is already happening today.
There is a nice service build by @buildteam for exactly that purpose. It's called Dlease.io.
I tried the service out by leasing 1000SP to a Steemian and it works great.
Every day I get a payout for the lease and by the end of the lease, I will get my Steempower back or I can renew the lease.
By leasing my STEEM to a Steemian, that person now gets access to RC's to operate for free on the Steem Blockchain.
How much RC's an account need depends on what type of account we dealing with.
I can imagine that a business account that wants to fill a (future) RC pool will want to lease more STEEM than an individual.
But RC's they will all need none the less.
What also makes a huge difference is the price of STEEM.
I expect the amount of RC's for actions on the blockchain to come down when the price of STEEM goes up.
That means a Steemian will need to stake less STEEM to transact on the blockchain but price-wise it will cost the same.
When this happens I will be able to increase the number of leases.
I think that's pretty cool.
Now, do remember this is all future talk. (But my STEEM investment doesn't live in the now).
I'm fully aware that a person leasing STEEM today might use it to maximize ROI and upvote themselves 10 times a day.
It's not about that.
It's about the fact that the infrastructure for my future vision is being built today.
Not by me, not by Steemit Inc. but by another third party that sees it too.
And don't think this leasing vision is too far fetched.
When I look at the card game Splinterlands I already see users that figured out really fast that leasing cards to play the game is way cheaper than actually buying the cards.
It also carries less risk.
Users are using these cards to compete in tournaments and earning DEC tokens. Earning more than the costs of the lease of the cards.
It's win-win.
The same will happen to Steem in the vision I have.
When leasing STEEM to operate on the Steem blockchain allows businesses/people to earn more on the blockchain doing X than the lease costs they will lease it.
It just makes sense to me.
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When 50/50 comes in, wonder how profitable it will be to lease at 20% and manual curate.
could have a dramatic affect on the lease market?
Well, there are already users / bots that get the same ROI from just curation as delegations to top voting bots (around 18%). It's worth to say though that it's mainly thanks to upvoting posts before bid bots.
With 50/50 this sweet 20% ROI should be easier :)
{With 50/50 this sweet 20% ROI should be easier :)} - yes, but do you think you could you pay the 20% and expect say 25 to 30% for curating? therefore making 10% on borrowed steem etc
Not sure if I understand it, can you rephrase it?
ie i borrow 1000 steem from you at 20% interest for 3 months in the hope of making a profit on it by curating.
hope that makes sense
Ooh, you were referring to leasing steem. Yeah, I think it's doable but after 50/50 split the prices for leasing might go higher.
Without some adjustments to the vote, the vote buyer is going to lose out the most?
So this could mean less bids in general, or the vote being shared between fewer posts making it tougher to earn curation on front running as less bids=more competitive in the ideal vote timing?
With 50/50 split yes, the voting services will have to give higher upvotes because only 50% returns to vote buyers
This means less upvotes from bid bots but with 50% it will also give more curation rewards - so it should balance itself. But really no one knows what's gonna happen :)
Bidbots can return 90% of the profit form the bids and curations (similar % to current model ). However, there are some risk associated in calculating the curation and get hit by downvotes. In this scenario, bidbot can share curation profit when curation is matured (i.e. downvoted post will lose curation). The probable positive outcome can be that thrash trended by bidbots can be hit by the downvotes. The bidbot users will lose the the Steem/SBD spent and curation, be careful about using bidbots next time and leave the system. However, it will mostly depends on the downvotes to discourage the shit content creators to back down (to be seen).
However, there are other alternatives for delegation for tokens such as @steemhunt, (or, @minnowsuppot, @leovoter) provides 20% ROI in terms of HUNT, Steem and SBD.
Good point! Didn't think about that. I was purely focusing on RC's. Going to stew on your comment in the gym.
@exyle,
Minnowsbooster are having the same type of features isn't it?
Cheers~
Dlease.io is the old minnowbooster. It just looks 10 times more professional.
If new users are forced to lease or buy Steem, why should they participate at all on this blockchain?
Also, isn't RC based on the accounts actual owned holdings of SP instead of owned + leased?
RCs go to whoever has active use of the SP. A delegation of Steem creates RCs for the one it gets delegated to and removes RCs for the delegator.
When I delegated/lease SP to a user this user gets access to RC's. (I recently delegated a Splinterlands player 50SP so he could continue playing, he ran out of RC's).
DApp itself can provide SP delegation (i.e. RC) and free Steem account to their users. DApp will have their own incentive to buy/hold millions of SP to support millions of their users. The only missing thing is the killer idea for such DApp.
I have seen dlease.io, but it did not hooked me up. I can name a number of more profitable places for my excess SP
I got a 20% ROI for my lease, I thought that was pretty decent.
Place share better ROI places. I am sure people will find it useful.
yes 20% is good indeed. I was checking that some time ago, and I've not seen much above 15%
@steemhunt returns 20% ROI in terms of Steem, SBD and mostly HUNT token. There are other DApps that shares TOKENs, but not sure about their ROI (e.g. @minnowsupport, @leovoter, @dlike etc.)
Time will tell! In the meantime, stack and do what you can to earn! There are just so many ways to be active on the blockchain! It would be great to become a dolphin! Nevermind an @exyle sized account!! Keep growing!! Have a fantastic day. 🐶
I am more interested in the ability to lease out my RC without affecting my VP. Isn't that something that we can envision doing in the future?
Very good explanation, hope you will appreciate my work as well
https://steemit.com/excel/@warsishah/automated-payroll-salary-wages-attendance-hr-management-system-in-excel
Great future ahead of steem this is the time to keep investing for better results in future
Yup ! :) Agreed !
for good projects and for the future 💙
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Your very smart for powering up!
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