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RE: What was the best Steem article/video you viewed this week?
This is the most upsetting post of the week for me and there is more of it on this blog.
https://steemit.com/payitforward/@pifc/update-2500sp-delegation-with-weekly-payments
@pifc helps people with rep 55 and less to get exposure and works tirelessly in this effort. Many small accounts have been helped for months on end in weekly boost posts.
The fact they they have pay this high interest for help is a crime of steem. I hope someone will see the value in what @pifc does and help them for less cost. Few people help minnows and redfish more than @pifc.
@fitinfun we do put in a ton of effort to keep thing running. We do understand market rates and investors wanting to earn a return on their investments. The rate we are able to get is lower then market and can't complain about that. Honestly I love that investors are able to earn a decent ROI as this will hopefully attract more of them which should help the price of steem. Where we could really benefit is from a few larger consistent votes to push our rewards higher to use on leases and to help us build our owned SP to lessen the need for leases.
The rate investors can get with fiat is less than 1% - you are giving WAY MORE than a decent return. But I understand your point, since you have to deal with the choices you have. I will continue to promote what you do for little people every time I get the chance, and I am confident the tide will soon turn for you.
Earning 4-6% in fiat is very doable with next to no risk when you are locking up the money for 30-90 days like people leasing. So considering the risk factor of Steem I think that the going rates is fair. Now as steem gets on more solid ground the ROI should decrease as more investors come on creating more competition. Right now a lot of people consider holding steem very high risk so they want to get paid accordingly.
The level of support has grown over time largely because what used to be a group of very small accounts has grown into a bunch of minnows and some dolphins. Interesting seeing how much everyone that has stuck with us has grown over the last 6-8 months. Feel like we are right at the tipping point to getting the money side worked out...just need a little push more and we would be there.
Dear @fitinfun I can only See I totally agree