RE: Do Delegations Undermine The Entire POB Concept
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I agree with everything you said, but only to some extent. I totally get the whole thing about passive income and that the user who delegates his power can simply be inactive and still accumulate tokens. That is a very bad thing according to me, as I would rather have active stake holders than inactive ones.
I also think you have a good point with the whole centralization thing. My voice disappear if I delegate my stake, as my power lies in the hands of someone else. There are still great initiatives out there and @leo.voter for instance is a superb account to delegate your Hive stake too, if you are looking for LEO in return. You also curate others, as you fuel the upvotes coming from that account with your powers and they also claim accounts, so you're literally doing 3 good deeds by delegating your Hive power.
That being said, you have no control over what type of content they reward, or who they will upvote. So it's basically about trust. I trust LeoFinance, so I have no issues with delegating my stake to @leo.voter, but I wouldn't delegate my HP to whoever, just because I got something in return.
In fact, I delegated all my power to others "back in the days", and I did that for free of charge. It was an attempt to strengthen the community and to "spread the wealth" more than I could do on my own.
That being said, I don't know how everything works on proofofbrain.io yet, but I guess it is- or will be something similar to LeoFinance in the future. Like most of the communities.
Posted Using LeoFinance Beta
Fully agree that there are good projects out there that have promise for delegation don't get me wrong there. LEO is a good example which you provided here. I might curate with my LEO tokens and simply delegate out my HIVE to help LEO on board more people that makes perfect sense and a good use case if LEO if my primary site and token I want to focus on.
If you want to focus on LeoFinance, I think it's a good idea to delegate your HP. Especially as you earn Hive/HBD for each post you publish, so you'll still earn Hive author rewards.
Posted Using LeoFinance Beta