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

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steem · @mindtrap · Aug 15 '19

$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.

👍 newhope, busy.pay, trevonjb, mindtrap, smasssh, meesterboom, trumpman, chorock, truce, roncoejr, sbi7, gascap9000, ano123, jerrybanfield, sharkface, likwid, taskmaster4450, supremebape, amico, mr-phoenix, kenanqhd, cryptoisa, theestateof.mind, pouchon, revisesociology, bitrocker2020, daltono, gharrington44, topcryptonews, marfonso, ketcom, midlet, lagtvgames, onepercentbetter, abrockman, world-travel-pro, lagtv, ronaldoavelino, wrecktangle27, novacadian, tarazkp, coreyssteemit77, e-r-k-a-n, lordgod, raj808, infidel1258, cryptofiloz, jaforce, gandhibaba, opinizeunltd, imealien, jephline, jluvs2fly, rightwing670, headcrypto, theexcelclub, pi500, evimeria, thomasbrown, oaldamster, jungleonion, hafizullah, loveisintheair, sevillaespino, and 262 others

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@adedapo-glory · Aug 15 '19

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

👍 mindtrap, mindtrap-leo, stfo2

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mindtrap	54,812,767,787	11%
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stfo2	461,834,443	31.45%

@mindtrap · Aug 15 '19

$0.03

This is not a healthy business model if you ask me...everyone and especially dapps should be depended on their on pockets

👍 dustsweeper, adedapo-glory

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adedapo-glory	0 B		6,433,358,272	100%
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@justtryme90 · Aug 16 '19

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.

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@mindtrap · Aug 16 '19

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

👍 votes4minnows

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@justtryme90 · Aug 17 '19 (edited)

But the applications running on steem are what bring it value, not the application runners buying a little steem....

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2 replies

@meesterboom · Aug 15 '19 (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

👍 mindtrap, mindtrap-leo

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@mindtrap · Aug 15 '19

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

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@meesterboom · Aug 15 '19

Yeah, it's like the short sightedness of it all is draining sometimes

👍 mindtrap-leo

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@novacadian · Aug 15 '19 (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.

👍 mindtrap, mindtrap-leo, mindtrap-pal

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@mindtrap · Aug 15 '19

$0.07

Why not to existing dapps too? Anyone can build their account with a couple of free million SP and pretend the savior

👍 novacadian

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@novacadian · Aug 16 '19 (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.

👍 mindtrap, mindtrap-leo

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2 replies

@prameshtyagi · Aug 16 '19

Good idea. Full support

👍 mindtrap-leo

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@smasssh · Aug 15 '19

$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 ...

👍 mindtrap, mindtrap-leo

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@mindtrap · Aug 15 '19

Thank you so much mate. As the time goes by I see we share the same mindset on various things

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@steemitboard · Aug 16 '19

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!

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@tts · Aug 15 '19

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.

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@yonnathang · Aug 15 '19

Investment within the platform must be stimulated in some way. 

Delegations should have some cost!

👍 mindtrap, mindtrap-leo

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@mindtrap · Aug 15 '19

That is a good idea actually

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