BlockTrades now offering Steem Power Delegations
BlockTrades (http://blocktrades.us) has begun testing a new feature: the ability to purchase temporary delegations of Steem Power from our site using bitcoin, litecoin, and other currencies. Initially we’re offering 30 and 90 day delegation periods. The cost for a 30 day should be relatively similar to that offered by MinnowBooster, with some additional discount available for 90 day delegations. Also we plan to shortly enable the ability to renew existing delegations from BlockTrades at a discounted rate.
While it is not strictly necessary to create a BlockTrades account in order to purchase a Steem Power delegation, we strongly recommend it as this allows a user to have a record of the current expiration date of the delegation and will also allow for renewal of an existing delegation.
Terms and Conditions for Steem Power Delegations
While BlockTrades does not plan to directly oversee usage of the delegated Steem, we will investigate complaints of abuse by the community. BlockTrades reserves the right to terminate a user’s delegated Steem Power without refund if the user uses the delegation in a manner it considers harmful to the Steem community. The most common forms of abuse in this context would be: frequent upvoting of nearly contentless posts and/or plagiarism posts, targeted downvoting attacks on non-abusive community members, or phishing attacks aimed at defrauding other Steem users.
On the other hand, BlockTrades does not consider it abuse to upvote your own posts as long as they consist of original material that can be argued to have some meaningful content (even if it’s just an original joke).
@blocktrades before I say thank you
that is what we hope for and that we are waiting for from you,
but there is little that I doubt,
what if the community delegates two places, that means delegating from the first party and secondly from the second party, whether it can get the SP from both parties.
as an example, I've got delegates from others, can I still get from you?
thank you for posting this
Yes
@robert-call there is no definite answer
can or can not?
You can receive delegated STEEM Power from multiple sources.
yes, robert-call is correct. You can get delegation from multiple sources. Note that it is NOT possible to re-delegate the steem you get from a delegation, however.
Thanks so much..this is a very good landing for steemit users in the future to develop the economy. i like you. i always follow you.
@blocktrades
Congratulations for this new feature, I love your services, always consistent and fast! Also this new lending feature seems to be pretty fair I will certainly give it a try!
Does that also mean that one can buy delegated SP from @blocktrades single time, second delegation is not possible until expiration. Or, @blocktrades can delegate from multiple accounts? Can you kindly clear it?
You can buy multiple delegations for a single account, our system automatically tracks prior delegations and delegates the appropriate additional amount.
Hi, question, do you only do 90 day leases now? as I can not see a 30 day option? thank you in advance.
Yes, we only do 90 day leases now.
Thanks for the reply, the return for 6sbd seems not worth doing now, so I will have to give it a miss. Will you be adding ripple xrp to the trade list in the future? as I have hundreds of those in my nano s wallet, and would gladly exchange them.
I just checked this and we get only 18.827 steem power for 1 steem for a 90 days period, where as the same investment in minnowbooster gets 150 SP for a period more than 4 weeks. So not sure, how even they are comparable. Isn't it too small ?
I would love to have a vote from you instead 😁
I looked up minnowbooster's pricing page that you're referencing, but something is hard to understand about that price, because it's not what you actually get from a delegation from them when you do it. I think we are both misinterpreting the meaning of that page.
Do you have a community leasing in a more discounted price ? We are building a charitable bot , for which we will need some support.
https://steemit.com/@thehumanbot
And by the way I already have bought some from you for a monthly price, lets see how it goes.
The difference here is that you can lease delegations in crypto other than Steem.
A 90 day delegation is worth more than a 4 week delegation, so you have to adjust by the time period to compare them.
You can visit my post I made HERE some days back giving you a look at the steem price to delegation quantity. Hope that helps out.
why would you say thank you for adding to the instability of the whole block chain???????
Please think this through.
What kind of behaviour does it encourage ?
THINK
https://steemit.com/photography/@mak78/my-clicks-of-today-rate-the-pictures-which-one-is-best-comment-please
Hi @blocktrades, I was thinking why would you compete with MB on something that they are very good at. So, I was searching for the uniqueness of your program and I'm happy that I found this:
Can there be a reward for those who buy the highest SP through delegation feature and don't abuse it? :)
Keep inspiring the world with you awesomeness.
Steem On!
The ability to purchase with bitcoin, litecoin, and other currencies is also a plus.
I think this move is an extremely poor one which can only add to the instability of the platform making it easier for people to bleed the system dry completely fucking the price of steem in the process. Can nobody here think beyond their own immediate self gratification !
this makes investing in steem long term pointless
@joe.public
Or, it's a way for people to build up steem capital, which is good for steemit.
Let's say I'm a new user (I am) and I don't want to create content for free. So I start and pay for 30 days of delegated SP, say, a $30 upvote.
With my full value 10 upvotes, every day I would:
write two good articles a day and upvote myself (I haven't smashed the math but I think 2 self upvotes a day has the investment break even, maybe upvote a comment to make a little profit...which would increase my SP...which increases the value of my upvote, which makes me more interested in helping people out with my upvote).
upvote https://steemit.com/steemit/@daniel.dalo/centaurus-steemit-lottery-142-2017115t211421608z every day to help get the game going/grow the popularity of his project. Because fun.
upvote 6-7 other steemians articles/posts that I like.
These $30 upvotes put all the receivers (including myself) into higher standing with greater chance to attract followers and votes and income. This has me want to continue to create more content. This has daniel.dalo want to continue/increase his participation. This makes new authors smile like crazy when they see a $30 upvote.
This is only good for steemit. Yes I can see it would be bad to self invest to upvote 10+ times on spam comments.
If someone with more SP downvotes me because they think self voting is bad, then A. my investment would be lost and B. I'd quit steemit because a platform where a bully can kill your account/rep/earnings will never mass adopt. I shouldn't even be here because that happened to my friend who had built her account up to $100+/post and some whale smashed her account down to a -1 rep. Fuck that....but here I am because with some fixes I hope will be implemented, steemit might be awesome in the future.
Hi @haveyouvisited
I totally understand why it is attractive no question.
And I hear the Blocktrades deal is more attractive than others who offer that service.
The problem I have with Blocktrades offering is, it lends social validation to usury on the platform as a whole.
It diminishes mutual support in the community.
When people Vest Steem into Your account they already receive interest on that. The system is designed to encourage vesting in that way, into accounts that offer value to the community. Its not just about financial rewards its also about creating a better world.
One more point @haveyouvisited.
I am aware of account that invest into buying upvotes and short term Vests, which have questionable value. These accounts also tend to cash out regularly but not giving much in return.
I am also aware of an account that invest heavily into both buying votes and vests which appears to be nothing more than a scam.
Ouch. I did the math. The investment to get a $30 upvote is like $6,000+, and even if did all 10 full power upvotes on oneself, one would take a serious loss.
The loss might be worth it if putting out good content and building rep and followers and upvotes, etc.
wow that is steep.
it does provide an brilliant short term Return On Investment for the people selling the leases though
It's a new business for us, so we'll take some time to explore and see what works best. It's hard to say so early.
I really apreciate the calm responses to concerns : )
It's really great
Competition doesn't have to be bad.
I think it's good that blocktrades are trying this
That's really exciting news! Good job! @blocktrades are you planning (in a near future future) to offer shorter periods ( like 7 days ) ?
Short periods don't work as well because there's a 1 week delay before delegated steem "returns". So short delegations would end up being much more expensive. But it's a possibility if there is enough interest. It might be a good way for an author to quickly gain attention for a series of posts in order to establish themselves.
I totally agree with you @blocktrades. It is a good and bad side but I see with this delegate a lot of steemians who can help themselves and the theme so this is a good idea. Thanks for share information @blocktrades
just a thought. But wouldn't a voting bot where the vote could be purchased for x days at a time at x voting strength accomplish this better than trying to buy delegation for less than say 2 weeks? Once the voting period is purchased it is up to the purchaser to make the posts to get themselves established.
is the delegation amount based on a calculation, do you know how many post I need to post and like in these 30 days to make a profit?
There's no way to compute this I think. For example, perhaps most importantly, the ultimate value of purchasing a steem delegation can be much more than the immediate return one gets from upvoting one's posts. This is because it makes it easier to gain attention initially and this can lead to long term profit long after the delegation has expired.
Ah, true, gaining more followers is another benefit, but I wish there was a way to predict all of those, after all we're spending the money for a profit.
You could try the MoonBot which is a subscription based upvote service. You can then spread out the curation over a month or so.
sounds more fair than other bots I saw, but I can only write four or five posts each month.
whatt is price??
you can get around 377,493.556 Delegated STEEM POWER (30 days) for each bitcoin
What a way to empower those who would normally not be. this is so great, as long as there isn't any abuse, we'll all win from this. Great job Blocktrades!!!
All for one and one for all! Namaste :)
When money is involve, abuse is always lurking around.
@yehey
pretty much
This is Steemit's slogan: Money talks !
In other words, The Bees are always on Honey.
Wow, these prices are really good! Thank you for the service, I think it can even be profitable to buy delegated steem power from you and then sell your vote to minnowbooster. I will test that out over the next days.
Do you plan on bumping up the SP limit? Or is it gone once it it sold out?
We have a limited supply, of course, but I'm not sure exactly how much we will be able to offer. We've been planning to do something like this almost since delegations were initially announced, but we just have been too busy with other projects.
We have no plans for offering a service that directly competes with minnowbooster's business model of matching up delegator/delegatees, as it's a much more complicated thing to do well and doesn't really fit with how the rest of our system operates.
Hi blocktrades, do you have an approximate timescale for when the delegations will be available again?
Thank you
This may or may not be a bug, but extremely small amounts don't seem to work:
https://steemit.com/blocktrades/@preparedwombat/re-whatsup-rent-steempower-easy-from-blocktrades-20171107t040109872z
Is there a posted minimum somewhere?
Yes, there is a apparently a 2 Steem Power minimum enforced by the blockchain. We're adding a warning about it now, because I guess some people try such minimum amounts as a test.
That's an interesting development, and I looks forward to seeing how this works out. Not going to buy power now as I don't really need it, but for curators who aren't authors, this is an amazing tool.
Actually, I think it's probably most beneficial to authors who are just trying to get established on steem.
Authors can promote their content in a bunch of ways, but curators who are not content creators at all are a group that is largely neglected when it comes to tools for growth.
I tend to agree. But the worst thing they face currently, IMO, is the 30 minute rule that tends to take away a lot of their potential rewards.
@blocktrades:
are there any plans to make it possible to buy Steem, Steem Power or SBD via BlockTrades directly with Euros (€)?
It's definitely something we want to offer, but it's a matter of getting regulatory approval to do it. We've been very busy and haven't had time to explore the requirements fully yet.