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.
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!
my god, 70k, wow, i have been investing for 2 years to reach half of that :-)
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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!
@therealwolf,
It's pretty cool to hear that you powered up another 70K STEEM.
!trdovoter 100
Cheers~
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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?