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RE: PROJECT HOPE ECONOMY EXPLAINED [2021]
Project Hope is a good solution for authors to get money and readers to get knowledge or curiosities. Keep up the good work.
strict NO POWERDOWN POLICY on Steemit
Do you prefer a Steemian with a steady 300 Steem power or another with 5000 Steem power, powering down 2000 of it?
I think limiting the free stream of people's money, their decisions is not always wise.
What will people say if price falls to 0.15 STEEM/USD, again? "I didn't sell it because of you, it's your fault I lose", is one of the possibilities.
I am a believer in the free market, I cannot hide my opinion.
The exchange of the Venezuelan Bolivar is also restricted...
hi @deathcross
Im not sure if I understand your question.
This is also a bit confusing to me. Do you think that our community NO POWER DOWN policy is not right idea to follow?
Why would anyone blame us for "forcing" them to build their voting power? Truth be told, most people are posting within PH because it's still way more profitable for them comparing to posting in other communities.
Me too. And PH is an example of such a free market. Everyone is free to follow our guideliness, knowing what kind of content do we support and what are our expectations. And everyone is free not to follow those guideliness -> and I'm free to prioritize those that do comply.
Thanks for your comment,
Cheers, Piotr
So, what are the exact rules? How much can somebody power down, without hurting the policy?
The way i understand it you you are supposed to set the rewards to 50/50 and then you can sell the STEEM and need keep the VEST.
Not that there will be much left if you follow all the rules:
50% goes to the curators.
25% (half of what is left) goes to the @project.hope
12.5 % (half of what is left) will be payed out in VEST.
12.5% is the share you can sell.
I only wanted to mention that having liquid assets is a huge advantage if market conditions change quickly. (And crypto markets are changing fast all the time.) For example, if a crypto surges from $0.8 to $3.2 in days and you can't sell because you staked it all, may be a disadvantage.
(Not really my problem, I have a part of my cryptos in exchanges.)
I understand that @deathcross
However, from my point of view supporting people who would sell all rewards instead of growing their HP is absolutely pointless. I've done it for first over 1 year of existance of Project.hope. And after a year, hardly anyone within PH would grow their voting power.
In my eyes, my efforts were going nowhere. Not only as a community we didn't grow, but also all earned tokens were dumped - creating more selling pressure and decreasing value of my STEEM holdings.
Hopefully you can see it from my angle,
Cheers, Piotr
(Another side effect: I better leave my 2,000 Steem on Binance for the case the price skyrockets suddenly. Anyway, I have 3,000 on Steemit.
But that is the way of thinking of an investor, not of a blogger or blockchain-enthusiast.)
I understand you now.