Delegations are a dangerous game that simply let people turn into rent-seekers instead of content creators or curators. I've always thought they break the economic engine of Steemit.
RE: [Weekly Report] The Growth Of A Lower Class Minnow. #3
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[Weekly Report] The Growth Of A Lower Class Minnow. #3
I totally understand your point and I agree with you to some extent.
I can't say that I'm fond over the idea that whales can delegate millions of SP to bid-bots and earn thousands of Steem or SBD per day by doing so... I honestly think that's pretty lame and awful.
However, I do like the idea of delegations, as I can clearly see how my power affects specific people. To delegate 100 SP to someone who has 400 SP in total for instance. That's pretty amazing as you'll give these people the chance to earn some extra curation rewards, but they'll also be able to reward other authors a little bit extra than before... But the best thing is the vote-slider.
Delegations can be used for good and bad things, as most of the things. It depends on who you are and how you see things. I delegate my steem power to others for free. Sure, I have only 1.1K SP in total, but I would do the same if I had 10K too.
I can totally understand why people delegate all their SP to bid-bots or rent steem power to others in an attempt to earn money, but I'd rather let others use my powers for free.
People are generally to focused on themselves and to earn money right now. At this specific moment. I'd rather try to build some sort of "middle-class" on Steemit and benefit by it in the long run...
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