Why Everyone Should Support @ocdb (Non-Profit) With Some Delegation
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Have you ever considered the idea that we should try to have projects on the Steem blockchain that enhance the ecosystem yet are not there to generate a huge amount of individual profit?
This only makes sense since everyone holding STEEM benefits from a more valuable ecosystem. Of course, there are those who put time and effort in who expect compensation since that is the model we are most accustomed to. However, we could be seeing things changing.
In the meantime, we are going to have to find the nuggets that are looking to improve the collective of Steem.
OCDB is such a project.
What is OCDB you ask?
This is, I presume, the brainchild of @acidyo. It is a non-profit distribution bot that helps authors improve their standing in the ecosystem without taking out huge individual profits from the system. In fact, it is all given back to the ecosystem.
Most of us believe that a better distributed token is to the benefit of Steem. We all want to see newer users enter the ecosystem and succeed. While there are many avenues to pursue that are starting to emerge, most still come to create "traditional" content. This is where OCDB comes in.
It presently has 3,000 authors on its whitelist who can use the service. The project provides a guaranteed 10% return (although this can change due to fluctuations since payouts are a week later). This means that those delegating will get a 10% less ROI versus self voting.
The team is dedicated to providing votes only to those who are deserving. Those on the whitelist are ones who are not spammers or plagiarizing. That will not fly. The idea is to spread the votes around to those who are working at making their mark on Steem and contributing to the ecosystem.
This is something that will stand to benefit us all. Remember, anyone holding STEEM is a participant in the increased value in the blockchain (or will be when the price decides to mirror what is actually taking place).
Some complain that bid bots are promoting garbage posts and making the system unfair. To me, I feel anyone is free to do as they wish on here in that regard. I do not besmirch those who create the bots nor do I have a problem with those who choose to use them. Promoting one's work is simple marketing.
I do like, however, the idea of giving as much as possible to the authors. This will provide incentive to keep creating content and moving forward. At the same time, it appears those delegating will get an aggressive rate of return on their delegation. This is important to investors.
As we progress forward, it is likely that many of the newer people are going to have to promote their content in some way, at least across the entire platform. Communities might provide another form of interaction but it is not likely to get one widespread coverage.
Having a service like this could help. @acidyo wrote a post a while back explaining the difference between a staked distribution bot and a promotion bot. It is well worth the read.
If you are one who feels that we should have some things that are here to benefit the ecosystem, first and foremost, this is something to look at. There might be better ROIs out there for one's delegation although that is not for certain. The fact that all monies go back to either authors or curators could make it very competitive. I guess someone will have to run the numbers on that.
Either way, I like the idea of something like this. I did add some more SP to the fold yesterday in an effort to show some support.
I think this sums up the outlook:
The reason I'm mentioning ocdb is due to it not taking any cut from delegators and 10% of the profits instead going to the authors that use it daily. So yes, you do lose about 10% than if you were self-voting daily on garbage posts but at the same time you're helping stake get distributed to deserving authors which should raise the value of your investment in the long term anyway, the 10% fee for that should be worth it to you if price goes up by more because of a healthy distribution which we clearly need.
https://steempeak.com/roi/@acidyo/open-letter-to-anyone-spamming-garbage-posts-to-make-their-roi
The second part is vital. We are looking at an idea that a healthy distribution of STEEM will more than compensate for the 10% in the long run due to an increase in the price. This is something that I sense is correct.
This could be one of the mechanisms that is used to help push this forward. Hopefully, those reading this post will show some support to the project.
It is good to support that which gives back to Steem.
If you found this article informative, please give an upvote and resteem.
Thanks for taking the time for this great writeup about OCDB @taskmaster4450! If any of your followers have any questions regarding it feel free to ask, I'll keep checking in on this post from time to time. To save many of you the time of asking how to get whitelisted - currently the only way to get whitelisted is by being curated by the curators of @ocd and placed in the daily compilation posts they create. Maybe we'll add more ways in the future when we see demand and new users joining our platform rise more. Delegating does not get you whitelisted and being whitelisted does not mean you have to delegate but you can rest assured that you're delegation will be used well: https://thegoodwhales.io/queue.html and that the returns are quite competitive right now compared to delegating to bid bots even though authors get a guaranteed profit since we do not take a cut for the service ourselves.
Thanks for you work @acidyo.
I asked a while back about the whitelisting process but you and your team of curators were in the middle of something and therefore said it was paused.
Is it still the case ?
Thank you.
Posted using Partiko iOS
OCD has been curating actively for some time now and thus adding new authors to the whitelist, but there's no way of applying to be whitelisted for now and they generally tend to curate new authors or authors that don't make a lot of rewards.
Looks worthwhile, but I think firstly to get whitelisted is the issue?
Blessings and all strength to your work!
Great article as usual and positive thought for the Steem ecosystem ! ✍️
We have to make people join Steem and show them that they can make it if they write good content ! 🤙
Best,
@vlemon
Posted using Partiko iOS
I was fortunate to be whitelisted a while back and while I don't self vote except in rare cases when I'm feeling exceptionally disgruntled I haven't yet utilised this non-profit bot.
Is it as simple as using something like steemworld a place I'm familiar with to delegate what little SP I've accumulated thus far?
Does it make sense for myself and the ecosystem to delegate 50 out of my 320 sp?
If this is a symbiotic exchange I see no reason not to try it out, I just assumed I was to infinitesimal for such an endeavour...
We don't actively encourage people to delegate since 1. it's non-profit so for us it doesn't make a difference if there is 500k sp there or 5 million and 2. we're curators by heart so we'd much more prefer people to use their SP to curate instead. For those that want passive income and a way to earn it without enriching the owners of a bot and at the same time aiding with distribution of stake to deserving authors then @ocdb is the right place for them. To answer your question, I would presonally use a lower stake amount for influence rather than delegate part of it. Interacting with other authors and using your votes, as small as they may be, can go a longer way than looking to earn the 17-18% APR it returns to you through the bot.
Of course delegating part of your SP and curate with the rest will increase your returns faster as well than just by curating so the choice is up to you if you feel it's worth it. :)
Thanks so much for the response. As engagement and community are my main drives here, I'll just continue to spread my votes around in hopes of building more personal relationships. I'm not trying to pay any bills with steem, it's simply entertainment and I was drawn to it out of curiosity and a desire to not be censored.
Posted using Partiko Android
I can attest to how great the service and the community involved is! It has been a great boost to encourage active engagement for me!
Posted using Partiko iOS
I was white listed a while ago and have been delegating and useing the bot. Happy with the service! 👍
Posted using Partiko Android
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I´m about to Power Up 100 STEEM and I´m already looking for a good project to delegate, and @ocdb is on my list (quite up there, actually).
Thank you for supporting @OCDB. Resteemed this article.
Posted using Partiko iOS
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!