create account

What if we completely removed the delegation function from the protocol? Suggestion. by mindtrap

View this thread on: hive.blogpeakd.comecency.com
· @mindtrap ·
$3.53
What if we completely removed the delegation function from the protocol? Suggestion.
<center>![Steem_Announcement_Blog_Head-1.jpg](https://ipfs.busy.org/ipfs/QmfX65nyg6jXXSHNv3BKNSzrUvdj5bL98Gm2prdF4oUp8p)</center>
<center>[Source](https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiKn-b604TkAhULDewKHYs1DOEQjhx6BAgBEAI&url=http%3A%2F%2Fblog.metalpay.com%2Fmetal-pay-welcomes-steem-to-our-marketplace%2F&psig=AOvVaw3ptEveOY06qRiWfvbfYiC8&ust=1565950919742809)</center>


The last couple of months the price of steem is swinging between the range of 0.25$ - 0.17$. Yeah...we dived that low a few hours ago...

What I think it's interesting though is that despite the fact the USD wise the price looks really attractive compared to ATH, few people keep powering up their liquid rewards and even fewer are buying steem from the exchanges.

Who can blame them? There are no indications that price wise things can be reversed and I think that things will go even worse before we see the light at the end of the tunnel.

##### _How much faith in steem is enough though?_

I can only speak for myself. I love being around. I like the struggle and the anxiety...and I don't really care about the price at the moment. Well, I do...but at the same time I don't, if you know what I mean. So selling off or powering down isn't an option for me.

What I think is remarkable is that community members are trying to find solutions. Everyone is squeezing their brains to come up with an idea that will help steem climb the rankings. 

I've been thinking about this for a while now...


## What if we completely removed the delegation function from the protocol?  

It sounds scary I know...but think about it for a moment...There are dozens of new apps / tribes you name it that are popping up every single day. Development and progress at its finest.

Yet almost 99% of them are depended on the free delegations they receive from Steemit.Inc. I would like to see apps new/old whose people in charge buy some serious amounts of SP and power it up to reward their users.

Just like in the real world/ Nobody is running a store with donations...Because that is what delegation is. A gift....We need to treat steem with more respect if we want it to thrive one day... 

Steem Power is money. You get that right? And if we want healthy and sustainable new businesses to build their apps on top of steem blockchain we need to banish the **"Hey, let's build our app on steem, we'll receive free SP there and at the same time we'll make profits"** mentality.

I think it is the perfect way to push people to further invest in steem, what will increase the demand, and finally what will make the price to go up. Does this sound crazy?

I think there are no cons at all if this function was implemented but if you think I am wrong, I'd really want to read your suggestions / thoughts.

👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 262 others
properties (23)
authormindtrap
permlinkwhat-if-we-completely-removed-the-delegation-function-from-the-protocol-suggestion
categorysteem
json_metadata{"community":"busy","app":"busy/2.5.6","format":"markdown","tags":["steem","steemleo","busy","palnet","neoxian"],"users":[],"links":["https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiKn-b604TkAhULDewKHYs1DOEQjhx6BAgBEAI&url=http%3A%2F%2Fblog.metalpay.com%2Fmetal-pay-welcomes-steem-to-our-marketplace%2F&psig=AOvVaw3ptEveOY06qRiWfvbfYiC8&ust=1565950919742809"],"image":["https://ipfs.busy.org/ipfs/QmfX65nyg6jXXSHNv3BKNSzrUvdj5bL98Gm2prdF4oUp8p"]}
created2019-08-15 10:30:06
last_update2019-08-15 10:30:06
depth0
children22
last_payout2019-08-22 10:30:06
cashout_time1969-12-31 23:59:59
total_payout_value2.756 HBD
curator_payout_value0.777 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,802
author_reputation321,424,717,682,467
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,553,839
net_rshares10,836,320,675,755
author_curate_reward""
vote details (326)
@adedapo-glory ·
Actually I can get your point but also looking it from the point of view, I guess it will be somehow difficult for them to do. Looking at a lot of project who depends on delegation, will them be able to buy that much of steem to power up which might discourage their project idea
👍  , ,
properties (23)
authoradedapo-glory
permlinkre-mindtrap-pwa6xq
categorysteem
json_metadata{"tags":["steem"],"app":"steempeak/1.14.15"}
created2019-08-15 14:01:03
last_update2019-08-15 14:01:03
depth1
children1
last_payout2019-08-22 14:01:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length279
author_reputation7,560,346,790,935
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries
0.
accountlikwid
weight10,000
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,559,744
net_rshares56,177,668,544
author_curate_reward""
vote details (3)
@mindtrap ·
$0.03
This is not a healthy business model if you ask me...everyone and especially dapps should be depended on their on pockets
👍  ,
properties (23)
authormindtrap
permlinkpwall7
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 19:17:33
last_update2019-08-15 19:17:33
depth2
children0
last_payout2019-08-22 19:17:33
cashout_time1969-12-31 23:59:59
total_payout_value0.020 HBD
curator_payout_value0.005 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length121
author_reputation321,424,717,682,467
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,570,009
net_rshares79,884,610,162
author_curate_reward""
vote details (2)
@justtryme90 ·
No, delegations are one of the few things that make STEEM unique. Try getting rid of other inflation (like base inflation to all SP holders) instead if you are so needlessly worried about the price.
properties (22)
authorjusttryme90
permlinkpwbrso
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-16 10:29:12
last_update2019-08-16 10:29:12
depth1
children4
last_payout2019-08-23 10:29:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length198
author_reputation140,118,479,939,905
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,591,948
net_rshares0
@mindtrap ·
I am not worried about the price even though it DOES matter. I am worried about the decreasing number of active users and for the fact that people lose their faith. Bid bots and abusers took care of it...

Delegations are like the plague...tell me one good reason for people to invest when they know that all they have to do is launch their app on steem. Free SP then comes their way...and we end up in a loop

Inflation sucks bad too. I'll give you that...but so does the delegation process. So what that it makes steem unique? It makes it unique in a bad way
👍  
properties (23)
authormindtrap
permlinkpwbubo
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-16 11:23:39
last_update2019-08-16 11:23:39
depth2
children3
last_payout2019-08-23 11:23:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length560
author_reputation321,424,717,682,467
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,593,224
net_rshares880,977,337
author_curate_reward""
vote details (1)
@justtryme90 · (edited)
But the applications running on steem are what bring it value, not the application runners buying a little steem....
properties (22)
authorjusttryme90
permlinkpwdpcp
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-17 11:31:39
last_update2019-08-17 11:32:15
depth3
children2
last_payout2019-08-24 11:31:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length116
author_reputation140,118,479,939,905
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,628,985
net_rshares0
@meesterboom · (edited)
$0.02
It's perfectly sensible but it is not something they would contemplate. Delegations made the whole process of buying sp unattractive. Why power up when someone/something gets risk free delegation of several hundred thousand so thus diluting your influence.

So yes, I agree. It would be a great thing
👍  ,
properties (23)
authormeesterboom
permlinkpw9ysp
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 11:05:15
last_update2019-08-15 11:05:51
depth1
children2
last_payout2019-08-22 11:05:15
cashout_time1969-12-31 23:59:59
total_payout_value0.019 HBD
curator_payout_value0.001 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length300
author_reputation1,790,109,832,578,818
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,554,644
net_rshares77,501,657,672
author_curate_reward""
vote details (2)
@mindtrap ·
Not to mention that it would trigger all those inactive accounts that earn passively from bid bots to curate / participate again...

I guess that it ain't gonna happen...like ever... since some of the top witnesses make their living by running these "super cool bid bot businesses"...sigh
properties (22)
authormindtrap
permlinkpw9z09
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 11:09:39
last_update2019-08-15 11:09:39
depth2
children1
last_payout2019-08-22 11:09:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length288
author_reputation321,424,717,682,467
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,554,763
net_rshares0
@meesterboom ·
Yeah, it's like the short sightedness of it all is draining sometimes
👍  
properties (23)
authormeesterboom
permlinkpw9z1h
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 11:10:30
last_update2019-08-15 11:10:30
depth3
children0
last_payout2019-08-22 11:10:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length69
author_reputation1,790,109,832,578,818
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,554,793
net_rshares47,252,013
author_curate_reward""
vote details (1)
@novacadian · (edited)
It would surprise me to hear that STINC in delegating to any Tribes. What you are suggesting will apply more to SMTs. They will likely have to fly or fall on their own merit.
👍  , ,
properties (23)
authornovacadian
permlinkpwa7cp
categorysteem
json_metadata{"tags":["steem","palnet"],"app":"palnet/0.1"}
created2019-08-15 14:10:03
last_update2019-08-15 14:10:24
depth1
children4
last_payout2019-08-22 14:10:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length174
author_reputation26,413,436,804,389
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,560,061
net_rshares55,608,467,570
author_curate_reward""
vote details (3)
@mindtrap ·
$0.07
Why not to existing dapps too? Anyone can build their account with a couple of free million SP and pretend the savior
👍  
properties (23)
authormindtrap
permlinkpwalqm
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 19:20:48
last_update2019-08-15 19:20:48
depth2
children3
last_payout2019-08-22 19:20:48
cashout_time1969-12-31 23:59:59
total_payout_value0.050 HBD
curator_payout_value0.017 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length117
author_reputation321,424,717,682,467
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,570,113
net_rshares203,232,011,788
author_curate_reward""
vote details (1)
@novacadian · (edited)
$0.03
That's true yet the delegarions of mine to such non-profit projects like @freezespeach or even more for profit ones like @wherein who is helping onboard new users  from China; or even small accounts like @steempatron who promotes new content creators with a previous large following from elsewhere... to acvounts ranging from @corbettreport to @rt-international to even @tommyrobinson who proves that the steem blockchain is censor free; makes me feel warm and fuzzy by thinking my delegations are my small contribution to the community. Not all delegation are created equal in my opinion.
👍  ,
properties (23)
authornovacadian
permlinkpwbeig
categorysteem
json_metadata{"tags":["steem"],"users":["freezespeach","wherein","steempatron","corbettreport","rt-international","tommyrobinson"],"app":"steemit/0.1"}
created2019-08-16 05:42:18
last_update2019-08-16 05:47:06
depth3
children2
last_payout2019-08-23 05:42:18
cashout_time1969-12-31 23:59:59
total_payout_value0.019 HBD
curator_payout_value0.006 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length589
author_reputation26,413,436,804,389
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,585,228
net_rshares77,815,605,896
author_curate_reward""
vote details (2)
@prameshtyagi ·
Good idea. Full support
👍  
properties (23)
authorprameshtyagi
permlinkpwbder
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-16 05:18:30
last_update2019-08-16 05:18:30
depth1
children0
last_payout2019-08-23 05:18:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length23
author_reputation133,698,299,152,872
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,584,612
net_rshares811,556,037
author_curate_reward""
vote details (1)
@smasssh ·
$0.04
_'Just like in the real world/ Nobody is running a store with donations.'_

This post of about 2 months ago https://steemit.com/steemit/@schattenjaeger/the-biggest-positive-change-would-be-to-simply-get-rid-of-delegation I resteemed back then.
For the same reason (because I totally agree) will resteem this one of yours as well. 

Though I think it will be vain hope that this will be adopted ...
👍  ,
properties (23)
authorsmasssh
permlinkpwa8zd
categorysteem
json_metadata{"tags":["steem"],"links":["https://steemit.com/steemit/@schattenjaeger/the-biggest-positive-change-would-be-to-simply-get-rid-of-delegation"],"app":"steemit/0.1"}
created2019-08-15 14:45:09
last_update2019-08-15 14:45:09
depth1
children1
last_payout2019-08-22 14:45:09
cashout_time1969-12-31 23:59:59
total_payout_value0.031 HBD
curator_payout_value0.010 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length397
author_reputation44,000,682,492,974
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,561,122
net_rshares124,822,015,641
author_curate_reward""
vote details (2)
@mindtrap ·
Thank you so much mate. As the time goes by I see we share the same mindset on various things
properties (22)
authormindtrap
permlinkpwalss
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 19:22:06
last_update2019-08-15 19:22:06
depth2
children0
last_payout2019-08-22 19:22:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length93
author_reputation321,424,717,682,467
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,570,162
net_rshares0
@steemitboard ·
Congratulations @mindtrap! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://steemitimages.com/60x70/http://steemitboard.com/@mindtrap/votes.png?201908161206"></td><td>You distributed more than 43000 upvotes. Your next target is to reach 44000 upvotes.</td></tr>
</table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@mindtrap) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=mindtrap)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
properties (22)
authorsteemitboard
permlinksteemitboard-notify-mindtrap-20190816t124159000z
categorysteem
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2019-08-16 12:41:57
last_update2019-08-16 12:41:57
depth1
children0
last_payout2019-08-23 12:41:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length850
author_reputation38,975,615,169,260
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,595,618
net_rshares0
@tts ·
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/mindtrap__what-if-we-completely-removed-the-delegation-function-from-the-protocol-suggestion.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
properties (22)
authortts
permlinkre-what-if-we-completely-removed-the-delegation-function-from-the-protocol-suggestion-20190815t110119
categorysteem
json_metadata""
created2019-08-15 11:01:21
last_update2019-08-15 11:01:21
depth1
children0
last_payout2019-08-22 11:01:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length402
author_reputation-4,535,154,553,995
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,554,524
net_rshares0
@yonnathang ·
Investment within the platform must be stimulated in some way. 

Delegations should have some cost!
👍  ,
properties (23)
authoryonnathang
permlinkpwa872
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 14:06:42
last_update2019-08-15 14:06:42
depth1
children1
last_payout2019-08-22 14:06:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length99
author_reputation377,650,904,456,361
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,559,953
net_rshares55,529,781,447
author_curate_reward""
vote details (2)
@mindtrap ·
That is a good idea actually
properties (22)
authormindtrap
permlinkpwalmv
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2019-08-15 19:18:33
last_update2019-08-15 19:18:33
depth2
children0
last_payout2019-08-22 19:18:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length28
author_reputation321,424,717,682,467
root_title"What if we completely removed the delegation function from the protocol? Suggestion."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id89,570,046
net_rshares0