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RE: @tipU Profitability Check - 11.09.2018
Explanation needed:
How is it more profitable to get curation rewards?
If you issue instant upvotes, can't you just calculate a reduction from the payment equivalent to the curation? In the end, you are missing out on an opportunity to have a rare service while not really bringing in any extra money, right? (Maybe your explanation can show me otherwise).
P.S.: How come the VP is not drained these days?
I can, but I want @tipu to earn SP.
Also with HF20 (in around 2 weeks) the author will no longer get curation part of the voter for new posts.
STEEM price falling.
Why do you want curation rewards? Those are illiquid.
You won't even need to power down since you will only have liquid assets.
Pros:
Investors will get instant complete ROI and instant ability to get full refund. There's no need to have locked-up ROI, especially in a bear market.
STEEM is falling hard and the 13-week forward price could be even lower. Why make a gamble when people can get a retrn on the spot price. The investors actually aren't getting 17% ROI (or whatever the current one is) because 13 weeks forward half of their STEEM could be worth half the current price. You can give them returns as per spot value; real 17% ROI.
Also, I don't know how you do your profit distribution, but if these aren't done in 100% real-time, instant votes also give you the opportunity to store the payments in SBD--stable store of value, even for 24 hours, is great in a bear market.
HF20 is not here, you should take advantage while you can!
Because that's the only profit I'm getting for running the service. And it's not even my profit since 60% of it is also paid to investors (in liquid STEEM) and I keep the rest to support invest and reinvest functionality.
The ROI is calculated taking into account liquid payouts each day. No part of it is locked in SP and everybody is free to exchange their STEEM payout into SBD. It can be even done automatically upon payout .
I plan to run @tipU for as long as STEEM blockchain is active, 2 weeks really does not matter in the long run ;)
I get your point - leave the curation rewards until HF20 to boost the payouts but I prefer to have the service in the "balanced" state, not reacting nervously because of the price swings or new STEEM update. That's why I've implemented the 15 minute mark like 2 weeks ago - so it can be already compatible with HF20 and I have time to see the results and react if needed. So far 15 minute marks seems to be a good compromise between instant upvotes and waiting for the 100% curation reward (30 min).