Vlog #110: Top 5 reasons to have Steempower + Steem delegation + SMT's.
Steempower is a great crypto investment in my mind. For several older reasons but also new reasons now. This is my Top 5.
OLD REASONS:
1. Safety
Because it takes 7 days to power down 1/13th of your Steempower to its liquid form STEEM it gives you 7 days in case of a hack to restore your account. It's a great failsafe.
2. Interest
You get a small interest just by having Steempower. It grows automatically.
3. influence and better creation. (great for content creators)
It gives you more influence on the platform (more say over the distribution of the reward pool) and you receive better curation rewards. It's great for content creators.
NEW REASONS:
4. Renting out your Steempower (great for investors today)
It's possible to delegate or rent out your Steempower. It gives a pretty good return on investment. Around 75 SP = 1 STEEM per week. This is great for investors that have no interest in Blogging or being active on the platform but do see the potential.
It's also great for the Price because the more Steem that is locked up the less there is on the market.
5. SMT's (potential)
Smart Media Tokens are planned for early 2018. I think these tokens have a lot of potential to become successful and can take the Steem blockchain to the next level. STEEM and Steempower are needed regarding anything SMT's related.
My vlog:
@samstonehill got his account back! fantastic! (what an example for the safety that is Steempower).
I tested out a bot made by Jesta. By just sending 10 STEEM to another account I got delegated 500SP withing 2 minutes. It worked great. Combining this with SMT could be great.
I talk about it more in my vlog.
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Couldn't agree more, @exyle.
I've just moved 5 btc into steem power.
I've leased out 2 of my 3 - 10K SP lots and the price of the third can be bid on until the 24th Oct.
The other advantage is not begging for upvote to the richers who doesn't even glare even though lots of good contents by newbies.
Go look at my first 20 posts.
You need to be consistently excellent over a long period.
Train people to click on your name.
That's very cool man! And a great way to showcase how to be an investor.
In the scheme of things, it's hard to get your head around just how ridiculously early this is.
Almost everything we do is being done for the first time.
First mover advantages
First mover advantages everywhere.
worst timing ever :D :D
Long term, only time will tell; but do I wish I'd waited another 24 hours?
Yes, yes I do :)
Nice post, though I think you've made a typo :P
Are you sure it's not ~75SP = 1 STEEM per week?
Thanks, corrected. (quickly while working).
Not a problem at all :D Typos happen all the time ^^
@demotruk is delegating me 1600SP for 16 Steem, a month at a time. Not sure if he's got any spare though - just highlighting the fact it's worth shopping around!
Have a good afternoon man!
Very good info. Regarding this:
"4. Renting out your Steempower (great for investors today)
It's possible to delegate or rent out your Steempower. It gives a pretty good return on investment. Around 75 SP = 1 STEEM per day. This is great for investors that have no interest in Blogging or being active on the platform but do see the potential."
You mentioned a couple. What service do you use? Thanks
I don't use any service. I'm a blogger. I use my Steempower activity every day. Today as a test I rented some Steempower for myself from @jesta (his new project). I paid 10STEEM for 500SP for 14 days. It was a super smooth experience and something I can see growing a lot in the future especially combined with SMT's.
Atm I think minnowbooster is the best regarding renting out your SP.
True. When it comes to renting DSP, minnowbooster is the best. I've been renting from @neoxian and very recently, started renting from @minnowbooster. A few days ago, I got about 13, 000 DSP/4 weeks for about 350 steem.
@maryfavour.
@exyle Thank You it is Exciting right now. STEEM Is giving us another opportunity to Buy on this Pullback. Bitcoin is now over $5000..........How much Fun is the Crypto Market ??
nice post @exyle, it's nice to hear that @samstonehill got his account back and he now fully controls it with the help of steemit support staff and that's great, you also talk about @powerbot created by @jesta and yes it is also a great induction to steemit platform, initially the rate is little too high but i hope it would be getting better as the service fully activated, it's just a test run, but i really like it and defiantly look in to it, you also tell us some great advantages of holding the steem power and how it helps us it's great, stay happy and blessed my friend and thanks a lot for sharing your good knowledge with us, it's really helpful for us to move forward in steemit.
I like the ease of how I got the Steem delegated. You have a great day too!
I just do not get this: paying 10 sbd for 500 steem for 2 weeks:
500 steem is a 0,05 upvote at 100% voting power: so that means you need 5 sbd per week to break even and thats 100 (self) votes at 100% and you can only make 10 per day at 100% and no one writes 10 posts per day
I can see an addon effect if you lease a lot and your initial self vote is big enough to attract loads of upvotes but apart from that where are the economics? what am i missing?
Not everything has to be about economic ROI. I can see many use cases for a temporary boost in SP.
very cool post and vlog, i like it
its a good news for @samstonehill, ihopefully the future does not happen the same thing again :)
Thanks for sharing @exyle very informative , I like the powering down that gives safety to the network and is a safety net against big ins and outs making for more stability. The future Looks bright for steemit and is every bloggers dream !
That is very encouraging that Sam's account was able to be restored. No excuse about errors in security, but at the time when something happens out of the blue, it's good to know there are others there to try to help resolve a criminal act.
Great news the @samstonehill become the great examples, thanks for sharing your thoughts about steem price and tips for why to invest in crypto. Thanks for the valuable information and message to the people. Thanks, Happy steeming friend.