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RE: Curate or Delegate Your Hive Power? .:. Late Night Blogging

I didn't understand why I was seeing so many posts in my feed about delegation until I realised that some accounts are delegating out the whole of their HIVE POWER.

This makes sense if you are not active on Hive for any reason but you would still want to maintain the value of your passive investment by ensuring you delegate to a quality project that contributes to the ecosystem: some of the curation projects come to mind.

Another reason for delegating might be to support initiatives that you want to see happening - new ideas, projects and enterprises that help to grow the Hive ecosystem. I am deliberately growing my HIVE POWER for that purpose.

However, the 100% delegation that seems to be going on seems to be about maximising short terms gains (your point) at the expense of building long-term networks and relationships on here; it also loses the mutuality - 100% delegators are happy to accept upvotes, but without contributing themselves through their own votes to the ecosystem and worse, begging for resource credits so they can post (or any other action)!

My own policy is working towards a balance between retaining my voting power as an Orca and delegating to projects that I like and want to support. I delegate to two curation projects, both with an infrastructure and quality standards, because, between them, I can have a much greater reach and support far more accounts than I am able to on my own.

I am also reviewing my delegations to communities: if I like posting in a community and I want to have them around, contributing a subscription fee by delegating seems like a good idea to me. There's a lot of work involved in running a community and it's good to be able to provide some income for the people doing the work so it is sustainable.

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I 100% agree with you about everything that you said... After looking into your wallet (how rude?! 😂), it's great to see that you are doing exactly what you are "preaching"! The link to the interview from the beginning of this post was talking a lot about "skin in the game", and standing behind your actions (and talks)...

I didn't understand why I was seeing so many posts in my feed about delegation until I realised that some accounts are delegating out the whole of their HIVE POWER.

Well, to be honest, that was another trigger for me to create this post, and probably will create more in the future with different aspects of delegating HivePower (as some that you listed in your comment)... I found it extremely important to do it, and to discuss more these "secret" powers of HivePower that many don't see, blinded by 2-3% more APR on their stake...

We can't afford to miss the big picture of HIVE... It can be better only if we have HivePower distributed more evenly to people... and delegating ALL our HivePower is doing completely opposite thing and reminds me of our current "real-life" conditions... Empowering others (politicians, banks, big tech companies) and not ourselves...

Thanks for taking the time to write this awesome comment! I'm happy to see people who think in the same way as me... We can make a change, but we have to share our point of view...

Much !LUV

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(edited)

Preaching? How unfortunate 😁 Apologies, that was not my intention.

The discussion reminds me of when there were bid bots. I suppose this is the latest iteration of actions that make sense for an individual but not for the common wealth.

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