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RE: Investing through delegation and curation
What I like about it is that financing projects through delegation and curation means that there is a much higher amount of accountability by the SMT. If they act poorly or do not perform, they will lose investment and will not be able to do a runner with coins taken.
Even when @dlive left, they left with their curation amount and some users, not the 1M Steem delegated to them which was then able to be immediately redirected to @oracle-d.
This is a massive advantage and a risk for SMTs looking to pump and dump. At this point with so many likely to fail, I would be wary of direct investments into projects on idea alone as track history is that most will only ever be vaporwear.
Great post. This is the power of delegation under steem that many have yet to grasp...
@tarazkp you raised a really interesting idea in a post a while back along similar lines, thinking about how steem might change the whole VC structure.
"why sink say £2m+ of cash into an investment (traditional model) when you could invest into steem instead and use the return on the steem to fund the business e.g. pay wages every month etc?".
This way you never lose your original steem investment and heck, it might even be worth more than the investment opp itself after 5 years!
I may be misquoting you, so apologies (!) but I think it's an idea worth exploring further as it's definitely got me thinking...
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No, you are right I did mention this. I was thinking about writing a little follow up about it also since Acidyo wrote this one :)
Looking forward to it ;)
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Good point, many of eth ICO's were scams and just ran with the funds raised.
I hope we as community can make participating to SMT ICO's through delegation/voting a popular method of fundraising since it would be insane boost for Steem Power demand.
yeah it would be a massive boost, especially if some of the SMTs start getting traction outside of Steem usage.
Luckily we have few that already have good chance to do that, of course it always takes some luck and hard work, but what is most important is that it's the underlying technology that's the most important piece, and everyone can quite easily start building upon it. So even if, for example, one app that rewards people for exercising fails to gain attraction, someone else can give it a try.
Because when it comes down to the essence, for some reason, I personally believe fitness people would like to reward each other for their efforts. And this applies to everything. I personally would always like to have a option to support someone financially no matter what they do and Steem enables that. And enabling investors to participate on these attempts with Steem Power would really enable sustainable double digit Steem prices in my mind.
Now we just have to wait and see are our hunch right or totally wrong. But what is already a fact is that majority has no clue on what Steem really is and what it is capable of.
Will SMTs be able to have inflation systems? And slow drip out of Tokens? whaleshares that took the code from Steem Blockchain and tweaked it a bit has a successful start now with starting it all with 21,000,000 Tokens and then in a year slowly going up to 42,000,000 and a year later 63,000,000 this seems to be the ideal. And at the beginning with let's say 90% inflation you can only power down 10%. This makes it so Tokens slowly get's released out on the open market. If SMTs can slowly drip out to the desired amount + Having inflation incentives for early holders.
Yes SMTs can optionally configure inflation as they like.
Not sure but I think they can set up their distribution as they choose.
So true. Sending ETH to some new shitcoin is almost a guarantee you will never see it again. Delegating is much safer