A new initiative for minnow support - DelegateForADay
After reading some really good posts and discussion - from the likes of @stellabelle, @dj123, @diabolika, @littlejoeward, @torquewrench1969, and others - about some problems confronting steemit at the moment, I decided to bring to life a new idea for minnow support. I call it -
Delegate For A Day!
What does it mean?
It can mean a couple of things, but first and foremost it means for one day every month(?) minnows and dolphins and whales and crustaceans and octopi, and all of @ned's beautiful creatures, delegate steem power to @delegateforaday for 24 hours of unfettered and debaucherous minnow support! Ok, maybe not debaucherous. But it will be a festival of minnow worship, the likes of which have never been seen on the blockchain, nay, any blockchain, before!
Remember where you were when you first heard about Delegate For A Day. You can tell your grandsquids! Show your support for this idea by resteeming this post and following @delegateforaday. (Start date for this is fluid, as I want to garner as much support for it as possible before going live. More details to follow).
img credz: pixabay.com
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Hi @revo, come out with the rules and we'll follow, so if a minnow (or anyone) pledge to delegates 35 Steem for a day (and only a day), the approximate equivalent is delegating 5 Steem for 7 days (actually compounding it would be 35.x ....but we're rounding down for this initiative, so don't mind the math)....the point is you can make it multiples of 7 (or whatever divisible by duration of total delegation period).
Or say some one want to participate with @delegateforaday pledges to delegate 35 Steem, at least 1 day a week(we could all take a break from voting 1 day a week....a healthy Sabbath neh?) for a month OR equivalent to 35Steem delegated 1 day, approximately once a week (4 days a month). This still works out to be 5 Steem a day, then they can delegate for 1 month == 5 Steem a day, Once a Week....Whatever, However, Whichever, There is No Limitations But Our Imagination.
It doesn't matter if it succeeds or fail (with creative criterias culminating to combustive outcomes....the failure will still be spectacular, insightful and lead all of us, especially you to 10 more new ideas)....at the end of the day, it only matters because you took action, fail forward fellow Steemian, we'll assist you.
I foresee someday Steem-Folks (new term recognizing collective Steemians) surpassing Facebroke having thousands of fails a day (at any point they run thousands of variants of Facebroke), Amazon 10s of thousands of fails and test a day, and Googling with 100,000s of thousands run any any particular time.......SteemFolks will someday have millions of test and failures happening daily, imagine the global impact.
Fail-forward....just do it @revo!
Steemit: Where Even Failing Looks Sexy
source: pinterest
Thanks @dj123. This is a good approach to overcoming the SP delegation "pause" if indeed it is the way un-delegating works.
Even if we didn't fiddle with the numbers, I think the delegation "pause" isn't a major concern. The reason is that my first intention with this service is to get mostly minnows donating SP delegation to @delegateforaday. And as us minnows know, it doesn't really make much difference if we have SP at the low levels we possess it at. Over a week, my 110SP earns me about 10 cents of curation rewards or thereabouts. Minnows aren't going to miss their SP for a week.
Of course, I was also hoping to get some larger players and whales on board too, and I'd still like that to continue even if there is a "delegation pause". Hopefully they will see the benefit of such a minnow support project that they will be ok to forgo a week's earnings on some of their SP. If this is too big an ask from them, I would consider running the Delegate For A Day project less frequently so as to make the "loss" for them less of a concern.
i like debauchery
Hahaha, I fucking LOVE your name. I was nearly tempted the other day to create a whole new post just on your name.. :D
why thank you. the butt abides
But isn't Steempower blocked for 7 days after undelegating?
This will make the delegation for 24hrs really unattractive!
Hmm, I wasn't aware of that. Will have to put some thought in to working around that somehow if it is the case.
Any official word on this? I've seen it mentioned in other posts, but it's not in the steemit FAQ on delegation.
Thank you @theaustrianguy for sharing one of the delegation rules.....can you point us to where the complete rules are for delegation?