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RE: Why Steemit Isn't Growing -- IMO
@onealfa - thanks for this.
So when someone delegates, they eventually take the money back from you?
I FINALLY converted my SD into Steem, although I think I'm waiting for the market to buy from me.
I get what you are saying re: just converting it to another type of currency, but right now we can't use Steem to buy anything, so that really isn't correct : )
Is there any way to get off of Tim's account at some point?
I hope you are having a good wknd.
Steem, steempower Is like stocks, bonds, gold bulion, diamonds. It you buy them, it is still your property. But you can not go and pay with them for your daily bred and milk. It is wealth, still yours, just in another form.
Yes, but we all assume those things will increase in value so down the road we can sell them & make money LOL
Delegation is not a donation. When someone delegates SP, he still remains an owner of that SP. And he can pull back his delegated SP any time, when he finds suitable. No questions asked. You as receiver of delegation can do nothing about this. Sure you talk to the owner, say him thank you, and maybe convice him to prolong his delegation for some time longer. No more.
Delegation is not permanent. Owner is a boss all the time. Otherwise who would delegate ?
Ok, I get it now. I thought it was a gift.