To Delegate Or Not to Delegate That Is the Question
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So I have been on Hive now for around seven weeks and in that time I have been blogging about a whole host of things. From music to crypto, from politics to porn and everything in between. As I said early on in my Hive journey self-expression is the number one priority.
But of course this is a monetised platform and money is important to everyone, and it seems to most users on Hive. This is understandable. But speaking about the money has been a difficult task. There are all sorts of customs and conventions to observe when starting out on Hive and there is no way you can know even half of them before you get going. You have to learn a lot of them as you go along.
It seems that one of the unspoken conventions on Hive is to be careful when talking about the money, even though most people on Hive want to make money and money is an integral feature of Hive and the Hive ecosystem. The fact that Hive is a monetised platform is a fantastic thing, for the most part.
One of the latest issues I have been trying to get some understanding about is the issue of delegations, which is a big feature of Hive. Lots of people delegate, lots don't. Some have strong opinions about delegations others are more neutral, some really don't care. These are all valid positions to take and I respect them.
However, some people do have those strong opinions. Some people frown upon delegations it seems as a way of growing your stake, even if you have bought 80% of your stake directly from the market. Some people think a little bit of delegation is fine, others don't believe it's okay at all. As for me I really don't know what to think at this stage.
What are your thoughts? If you do approve of delegations how much of your stake is acceptable to delegate? 25%? 50%? 100%? If you want to share your thoughts that would be appreciated.
Peace!
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