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RE: Attention SPT Whales

in LeoFinance2 months ago

Before I first started my SPT journy, I also delegated most of my Staked SPT to monster-curator. But when I saw that they controlled such I large portion of the staked supply, I pulled mine out and started manually curating with it. I liked the reward they gave out for delegation, but didn't like that they were the only say in who got most of the rewards. Too much centralization is always a bad thing. Even for the best of intentions. That's kind of the reason a lot of us are here on this platform.

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Yeah with a large concentration of spt in one account (that does manually curate and have great intentions), pretty much makes manually curating less of a rewarding time consuming task; which points to diesel pools as the most efficient use of time and money at this point.... as soon as better communication is happening with SPL.

Great point! Only a few accounts with all the power makes curating by the little guys almost meaningless.

Well only one account with a 30+ mill and last I checked only 20 or so accounts with a mill spt. As it is I am finding weird things with data on my spt staked with leo and hive engine. Says I only have 569k staked on LEO and 1 mill on hive engine. Maybe because I acquired other half mill of spt when system was down? People are selling their spt and can be bought under a penny now. Maybe a good time to buy but better clarification on diesel pools and how curation is tallied better defined maybe with a white paper might help more people from not selling and start buying again.
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Strange that LEO and Hive Engine have such a large discrepancy. When I just check my wallet they both report the same amount.

yeah Dynamicgreentk has 100k staked and spt-curate 1 mill staked. until just an hour ago there was only a 3x diff in curation rewards not 10x, for weeks. I had both voting at 100% on same content every two hours. I even bought 5g (usd) worth of delegated hive power from blocktrades for dynamicsteemians to lay down nice upvotes on SPL content too. But with the way SPL is being managed, how they ignore small investors, changing databases after frying servers that were at center of lawsuit that details exactly what the SEC wants to go after to now inconsistent curation rewards with spt to no tech support or anyone taking any liabilities for anything... just like a corporation. I wanted to spend more on SPL but I am left thinking I should wait for a whitepaper and invest into ETH and BTC instead. I went the distance with curating content manually on SPL content but SPL only ignored me and told me not to invest further while ignoring concerning issues where returns were diminishing past 100k invested with spt curation. Then agg hides like a coward when market crashes. With the 3.6 mill invested into SPL now from the Enjin, Polygon chains and blockchain hedge funds; I dont know how much control agg or matt has anymore of SPL.

Also Leo and Hive engine show the same numbers until I look at the Rewards section on LEO, that hive engine doesnt have, where it shows only 500k staked going towards curation and when using that number my curation rewards make way more sense.

All very good points. I mix it up by delegating a small portion of my stake as they do upvote content that I want to support.

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You have a much bigger stake than I do so I can understand spreading it around some to support more posts without a lot more effort. With my little stake, I felt I was able to do a better job supporting some of the posts that might get overlooked by the big dogs. Also, not everyone has the same opinion about which content is worthy.

not everyone has the same opinion about which content is worthy.

So very true, and is one of the reasons some of the SPT content gets missed. Quaility is in the eye of the beholder.

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I delegated 1/3 of my SPT (a tiny amount) and I still do manual curation for good content.
But frankly speaking, too many posts without good content on Splintertalk at the moment.

Its like that on every frontend. Some are new to blogging and doing their best, others are just farming rewards. There's still tons of great content amoung the mix.

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It does have the great contents. It's just harder to find them 😉