Why I Delegate Steem Power by preparedwombat

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· @preparedwombat · (edited)
$14.36
Why I Delegate Steem Power
<center><img src="https://cdn.pixabay.com/photo/2017/01/11/08/40/delegate-1971162_640.jpg"></center>


What’s the future of the Steem ecosystem? Your answer to that question should influence everything you do related to it.

Maybe you think that it will just muddle along, a third-tier crypto in a universe where cryptos slowly move into the mainstream.  If that’s your way of thinking, just keep doing what you’re doing. Post, comment, curate. Wash, rinse, repeat. Your account will slowly grow and a few years from now you can start cashing out a bit here and there. Buy that new game console, get a mid-range mountain bike instead of an entry-level one, take that Hawaii vacation you’ve always wanted.

Maybe you think Steem(it) will crash and burn. SMT’s will roll out with a fatal exploitable flaw, bots will take over, a Steem(it) competitor will come along and make Steem(it) have an Alexa rating that makes MySpace look like a trendsetter. Doom. The FUDsters were right! If that’s how you think, you might just want to leave. Cash out. Get while the getting is good, before Steem starts looking like a penny stock.

But maybe you think the Steem ecosystem has a bright future. SMT’s will roll out and be wildly popular. DTube, DLive and yet-to-be-released apps running on the Steem blockchain will attract content producers and consumers in droves. The blockchain, which already handles more transactions per day than all other blockchains combined, will *grow* in dominance. In all likelihood, that would translate into a *significant* increase in the price of Steem. In U.S. dollar terms, you could be looking a three digits within a few years. If so, even a modest investment of money (fiat for Steem) or effort (posting and curating) could turn into serious value over the next few years. You could of course crank out ten posts a day, upvote them all at 100%, and build Steem Power by about 35% a year.

But a better way might be to start delegating some of that Steem Power. Delegating SP of course helps those one delegates to. It might at first appear to be entirely altruistic, but your delegation helps the Steem ecosystem get stronger so, in the long run, it can help you too.

I started doing some delegations a few months ago. To different accounts, for different reasons. I think my first delegation was to @eaglespirit who I’d “adopted” through the 1KSP initiative that @taskmaster4450 (and someone else?) came up with. I had agreed to upvote 1-2 of her posts at 100% every day to help her get to 1,000 Steem Power. She in turn agreed to post every day and not power down to cash out. It wasn’t part of the 1KSP deal, but I delegated her 100 SP to help her grow her own SP though self-voting and/or curating. I’ve also delegated 100 SP to my wife (@ducksaplenty) and my son (@troubledsoles). I’ve delegated relatively small amounts to three redfish to help them get started. Also a bit to the @curie and @dmania projects.

And I’ve slowly been increasing my delegation to @schoolforsdg4 which runs a school for slum kids in Bangladesh. I donate a bit of SBD here and there to the school’s account, but the delegation helps them every day.

I’d followed @hitmeasap for a while and saw that he was very much a pay it forward kind of guy, using his delegation from @fulltimegeek’s #stewardsofgondor project to good effect. When @fulltimegeek pulled back from delegating to concentrate his SP on the battle for the soul of the reward pool, I delegated enough to @hitmeasap so he could have a slider bar for his Steemit voting. He delegates essentially *all* of his SP, some of it to @asapers which I’ve also started delegating to.

Bots, love ‘em or hate ‘em, they’re here to stay. I also delegate to @smartsteem for a small income stream.

Overall, I’m at a bit over 50% for delegation, will probably head toward 60% over the coming months.

The beauty of delegation is that you get to spread the wealth and strengthen connections throughout the Steem ecosystem, *but you still own the Steem Power*. While it’s delegated out and helping others, you’re still earning interest on it.

Delegation isn’t for everyone. Redfish/plankton with less than a million vests probably need to stick to growing their accounts. Minnows can start delegating, particularly once they’ve passed 1,000 Steem Power. Dolphins like me, orcas, and whales can all afford to delegate some of their Steem Power.

<center><img src="https://s14.postimg.org/7k9hhyv1t/IMG_0530.png"></center>

*Pixabay image*
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vote details (48)
@scan0017 ·
Cool, brutha!
I'd like to learn more from you at the next MN Steem meet-up (it'll be my first to attend).
LOL -- I flew to Amsterdam for Steemfest 1 and Portugal for SteemFest², but haven't yet met any *local* Steemians 🤣
Hopefully soon!  😀
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@cicbar ·
$0.81
What is ROI if for your delegation to @smartsteem?
👍  
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vote details (1)
@shai-hulud ·
$0.10
I think they have a calc on their page not that I delegate being a plankton and all
👍  ,
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vote details (2)
@preparedwombat ·
$0.03
Ballparkish 0.1% per day.
👍  
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vote details (1)
@cicbar ·
Thanks 👍
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@fullcoverbetting ·
@preparedwombat I do really appreciate what your are doing with your delegations.
It could be compared with a dripping down system where as much people within the steem block chain are touched.
With your delegation I can upvote the posts I do think that are worth it with a higher value than without your delegation. I also have a different interest than you, so with the delegation a more broad spectrum of the block chain is touched!
Not only you are spreading your power a little bit broader but you are also increasing the motivation of the ones you supporting immensely!
Thx for the vote of confidence!
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@clumsysilverdad ·
good discussion / ty
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@hitmeasap ·
I am honored and glad to have your delegation. It sure makes my own goals easier to reach and it helps me in multiple ways.

Not only does it allow me to delegate all my own steem power, it also helps me to support fellow authors and earn some curation rewards too. I appreciate your generosity and the entire @asapers team appreciate your kindness.

Delegations are simply put an amazing option for those who want to contribute towards a better experience. You're doing great!
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@eaglespirit ·
Excellent! I love this, and now that I see that you approve of delegating, I have been wanting to return that favor and do the same. I will be delegating to a newish platform at helpie that assists mentors and newbies to the platfrom created by Meno. Sweet.
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@techstack · (edited)
@preparedwombat hats off to you for this initiative. Your encouragement is great example for others who want to grow as a community. I have made a small app for the steemit users. If have some time then please look at on this and let me know thoughts about it. Your valuable feedback will help me to improve it further.

Here is my post: [Steemit recent post feed widget app](https://steemit.com/steemit/@techstack/dyoocawq)

Thanks!
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@azizbd ·
I really appreciate your all support to the @schoolforsdg4 .  The SP and SBD donation both supports us largely. I had no wish to raise fund such way and sometimes i rethink about my activities on steemit.  I never thought a large number of audience will accept this endeavour. But it seems complicated for me due to limited knowledge about crypto. I will do my best as long as i feel I am doing right.  Please drop any suggestions directly to me if you think something i should care of.
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@angryman ·
You know that I appreciate all the good that you are performing here on steemit, Mr. Wombat...A fine example for others to follow. Thank you.
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@brazilians ·
Thank you for the support to Brazilian community, we really appreciate it and hope to reward you soon. Best regards from Brazil!

![footer-comentarios-2.jpg](https://steemitimages.com/DQmWwVwHZgGvHaPCtZZtyzn6o78yRrPQqcCXCHECVo92WhE/footer-comentarios-2.jpg)
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@ducksaplenty ·
You know love, I knew you were doing some delegation, but I didn’t know how much. Dang! This is a very good thing you are doing. Not just because you have included your adorable wife in the application of your largesse, but because you are supporting this platform that you feel strongly about. Very good stuff. And thank you.
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