Moar POWER!
I find it quite fascinating to see the effects of the EiP unfolding. On the one hand, there are results I didn't fully expect and on the other hand, there are those results that I was very certain would come into fruition.
The latter also includes the rising amount of people powering up Steem.
Green is powered up, but there is also the Steemit Inc. powerdown missing in yellow, as they've paused it this month - Source
But why? What exactly did change, that gave people a bigger incentive to convert Steem to Steempower?
It's quite simple: higher curation rewards
More Staking Rewards => More Incentives to Powerup
With 50/50, the amount you can earn by simply curating with the best intentions in mind is easily on par with self-voting and selling-votes. Or in other words: you can easily gain 20%+ APR on your stake, simply by upvoting content.
The voting action is obviously not that difficult, but what matters here is the staked Steempower. The more Steempower you own, the higher your curation rewards will be. And if you're already holding Steem or are thinking about it, why not power it up and give yourself a nice return on investment, even by distributing the currency even further.
Will this last forever?
Most likely not.
I do believe we're currently in a very good spot for the individual curators, as the amount of active users is lower and free downvotes are being utilized, which results in the rewad-pool growing bigger than previously and every active user has a bigger slice of the pie.
But, there is a good chance, that we will not have this type of curation inflation forever. There are pros and cons for and against the reward pool, most prominently the fact that it requires active participation, which might hinder completely passive investors from buying Steem, as the inflation is still somewhat high and if they're not participating in the inflation-game, they're losing out.
So my personal opinion (and this is not to be taken as financial advice) is as follows:
Steem could very likely have a different distribution method in the future. It might even have drastically reduced inflation. Resulting in a much harder time earning Steem. And curation & author rewards really are just different types of distributing the currency. At some point, we might not even need to give away that much of the currency anymore, as the demand might even be enough on its own.
And when that happens: do you want to be the person who missed out on earning a good sum of STEEM by simply curating content?
I don't! That's why I powered up another 70k STEEM.
Wolf
PS: I do want to mention that STEEM, like any cryptocurrency, could also go to 0 or lose even more in value. Whether this happens, neither I nor anybody else can tell you. So make sure you're aware of the risks! :)
Hi Wolf,
good to see you powering up! :)
We also purchased some Steem and are now (as we speak!) powering up our 3 accounts: @fivefingergames, @steemknights and @steemknights.app
Only 5k for now though, as we are just getting started with our business/game ;)
Steem on!
-@mwfiae :)
I have been a bit away due to personal/health reasons. Honestly I don't usually check steem prices at all, I take this as another blog and window to connect with a community and people and if ever comes from it that will help my art (I don't deny it would be nice some funding to support it) I'll see on the way. I've never powered down and I'm holding to all I have, but at this price is tempting to invest and grow my account, yet I simply can't :/
Dayaam!! Congratulations on the additional powerup!.
Simple as that...
Now that's a proper power up mate.
I have been powering up all my liquid steems for a while now. As of now I'm one among the top 2500 steemians to own around 5k steem power. My curation rewards are pretty decent too!
Well, I believe this to be nothing more than the usual disclaimer for the Thomases out there. Anyway, thanks for telling them.
Powering up 70k Steem, wow. That's massive. I wish I could also do that someday soon. Cheers!
👍
~Smartsteem Curation Team
my god, 70k, wow, i have been investing for 2 years to reach half of that :-)
Posted using Partiko Android
I'm loving those consistent power up peaks in September! You know what else is kinda strange, the lease offers on Dlease have a much lower APR then before.
I remember seeing up to 22% APR in July and part of August and now it has dropped to 17% APR. I'm wondering if any of those requests are actually getting filled or not. Maybe it has just died down, because most people just want to keep their SP? I wish I could see a comprehensive history of that.
I took one on at 18.5 last week on my wifes account since she is more passive but would not go lower
Aha, that seems to be somewhat of an outlier then. I've been checking multiple times per day these past 2 weeks and have not seen anything pop above 17 - 18 % (mostly 17%).
Still, good to have some first-hand experiences.
cool, must have gotten lucky
I've managed to fill quite a few in the 18.3 to 19.1% range over the past week, if you keep your dlease window open during the day you do come across them, they don't last long. Also, leasing is on the rise, pre-hf the lease count on the market page was around 3300 leases, the count now is 3852.
The number of active leases is consistently growing, I believe that most higher APR leases get filled very quickly since its basically the last way to get passive income on Steem, all other ways require you to curate manually.
it is difficult to knows exactly methods steem could apply for distribution of stakes in the future. however, i believe we should always be in a position to maximize benefits out of the existing system. but do you think self up voting is valuable this time?
Hi, @therealwolf!
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That's probably part of it. I think another part is encouragement that powering up for the purpose of influence over the visibility and the reward pool (including action against milkers/abusers) doesn't seem as futile as when downvotes were rare and much of the upvoting was dominated by paid votes, self voting, circle voting, etc. The added sense of empowerment is probably an increased soft motivation to power up and curate.
the price sure doesn't reflect it for some reason , the best guess i can give is people who had liquid 'lying around' or stuck on exchanges waiting for it to get back to $7 or up are using that to power up, mostly people who have plenty, which means nothing gets bought and that's why the price actually is down another cent on both steem and sbd (which in the end means the whole pool will be giving away MORE on curation without anyone having bought any significant amount ... despite that ... more up is better than more down ofcourse but i fear this will not end inflation and as you say, this won't last forever (and it shouldnt , the thing should oscillate as that would mean a constant fllux between buying and selling = trading = more volume which eventually should lead to bigger marketcap which seems to be SO important to the trader in-crowd ...
70k , that's nearly up there with steemmonsters ... but they use steemmonsters as a bidbot ofc. a perspective that was handed to me today by :
https://steemit.com/steemmonsters/@lordbutterfly/bring-back-bots-steem-engine-is-a-bigger-menace
i didnt even think of that when they announced it and i dont see it as good or bad, i see that as sound reasoning by people who want to make money and for all they do at least the game gets outside assets to the inside
There's a lot of misconception on the whole environment and system ... mainly because steemit is the primal dapp so to many its like steemit = steem but also
the fact that you get 'a share of the inflation' does mean you get a share in value as the value is relative and dependant on lots of factors. Inflation is the biggest problem for STEEM you can not keep expanding, they already cant follow up at the moment . The answer would be to cap it and i think maybe leave the bidbot owners to figure out how to translate that into money as they seem most adept at making it around here ... checking on the tracker i saw a lot of them dont promise less roi but MORE now (insane amounts that werent there before sometimes) ...
and so we eagerly await the moves of smartsteem in the #new world order :)
@therealwolf,
It's pretty cool to hear that you powered up another 70K STEEM.
!trdovoter 100
Cheers~
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Dear @therealwolf
Woulnd't you think that would in many cases result with mass power down, since curation insentive would not be a reason to hold STEEM token.
If inflation would be slowed down, then current stakeholders would need some other reason to keep their STEEM. That would most likely reverse trend quite rapidly.
Yours
Piotr
Steem inflation is 24% and no trick of changing curation curves will change the price trend significantly. Reducing actual inflation to less than 2-5% is the only solution.
With halvening in 2020 - BTC inflation will reduce to 1.8%. And Ethereum inflation is ~5%.
Lieber therealwolf,
ich bitte hiermit um eine kleine Unterstützung nach Deiner Wahl für folgenden Post:
https://steemit.com/steemillu/@steemillu/steemillu-33-or-pay-to-win-jetzt-auch-auf-steem-or-dmania-schluss-mit-lustig-or-neu-flagtenzeichen-xy-ungeloest-or-23-tipps
Die Jungs und Mädels geben sich echt Mühe mit der Steemillu, würde gut tun, hier etwas Unterstützung zu erfahren.
BGvB!
Hab ganz herzlichen Dank für Deine Reaktion!!!!
BGvB!
hello. I know this is irrelevant with your post. but this is only way to communicate with you as you dont have recent post. and I wonder if there is any reason why down vote on my post.
I dont know you well. but I want to know why it happens and if there is anything I can do about it.
I cant say I'm the best steemian but I'm trying it keeps going. so it will be nice if u tell me why it happens.
thanks :)
i like the way steem changes.
Congratz to you moar power!