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RE: Powerup Statistics #25 - Nov 6th - Nov 19th
There have to be economic incentives to buy and hold large amounts of Steem Power.
Whether people like it or not, the automated ROI was a big part of that. For those who don't have the time or interest for manual curation, what incentives exist today?
With Dlease.io you can still get a 13-14% ROI. And I think if you delegate to a curation guild you can look at 8%-10% fully automated.
If you want more ROI you will have to be more active. Curating well manually can give you around 15%-18%.
All those Returns are pretty decent IMHO. The problem is, of course, the stability of the STEEM price. Even though 8% is nice, it doesn't matter much with STEEM price going ever lower, you still lose money.
The reason why I still hold a fairly decent amount of SP (as an investor) are the access to resource credits (RC's) SP provides.
Every Steemian needs access to RC's. With Communities and SMT's on the horizon and the success of apps like APPICS and Splinterlands, I expect the demand for those to grow, especially with the introduction of RC pools.
If you have SP you will be able to separate RC delegation from voting power I'm told.
Of course, if you don't believe in this I would just hold enough Steempower to have access to the RC's that you need (playing Splinterlands battles, voting/posting) to enjoy the network.
Thank you for taking the time to provide an excellent response!
If someone wants to start a website and integrate steem (or any SMT), while making it frictionless, he'll want to put all the blockchain stuff in the background. So users will come and sign up like on any other website, even without buying steem. For that to work, the website owner has to delegate RCs to the new users. Therefore he must hold Steem Power.
The more users a website has the more it will use the blockchain and the more it will need RCs, so again more Steem Power. If the website owner does not have enough Steem Power, he will either need to buy more or to lease RCs from other Steem hodlers.
If there is enough demand for dapps on the steem network then in the end RCs and Steem Power are going to become scarce. That is also without mentioning speculation and the fact that Steem Power increases your influence (through witness votes and the SPS).
For example, if a successful dapp wants to have a bigger say into who is a witness, or if she wants to fund a particular project through the SPS, the only way it can increase its vote value is to buy Steem Power.