You are viewing a single comment's thread from:

RE: Buying Delegation: @blocktrades vs. @minnowbooster

in #blocktrades7 years ago

So this is all good stuff, but I want to point out some things that are glossed over a bit here.

Minnowbooster is a SP delegation facilitator. They post your SP request to the market for others to fill. That takes time and a willing partner in the trade. They take a facilitation fee, but other than being the middle man, you are not leasing directly from them.

Blocktrades does currently offer the lower price. Though there are rumblings this may be something MB is addressing. But one thing Minnowbooster doesn't advertise so much is the manual process of removing the delegation. If the delegator does not go to their wallet when Minnowbooster sends a transaction saying the paid lease is up and click the link to undelegate, the delegation doesn't get cancelled and you get a free delegation until that lender remembers to undelegate. I've seen at least four cases just this week of people that realized they had old delegations out there that they weren't getting paid for anymore. Not guaranteed of course , but when we are dealing in small margins, even an extra day or two counts. I can just about guarantee Blocktrades has a mechanism in place to never forget to turn off a delegation.

You are right, Blocktrades wins on additional currencies they will accept. That's a no brainier if you have a ton of Doge sitting around or something. It's kind of like going to Bank of America versus your local Credit Union. You can do business with either, and no one is going to bat an eye, but one has the backing off big business while the other is strictly community based. No, I'm not calling Blocktrades an evil corporate empire or anything, I love their services, and even bought a delegation from them. They're cool. I'm just trying to make an analogy here.

For the time being blocktrades is a better financial deal on delegations, even Reggae would agree with that.

I also want to say something about the voting bot portion. Minnowbooster is the only voting bot that guarantees a return on what you send. They won't vote if they cannot fulfill that guarantee, or come close enough to it to give you a refund of the difference.

Right now, all the people selling their votes to Minnowbooster are in a Voting Power deficit, so Minnowbooster can't buy their votes, and because the bot itself has so much SP delegated to it, they can't get the voting percentages low enough to fulfill the smaller orders that come in. That's why it is important to check the chart on minnowbooster.net to see what vote requests they can fulfill before sending requests.

I'm sure this will be corrected. It may take a bit for Reggae to get everything figured out. He's also got his Doctoral classes to attend to remember. But I'll stick with the bot that guarantees a profitable return.

Just food for thought...

Sort:  

While it would be cool to have the "backing of big business", I suspect that we don't qualify, since I personally handle most of the support issues.

yeah. i was trying to make an analogy at 6am. matbe not the best choice.

Yiur work is very valued. I just think what you offer is different than what MB is offering since you are a direct delegator and they are a facilitator. You effectively cut out "the middle man".

Thanks for responding!

I did say they were filled as contracts...

Their delegations are parted out in weeks and @minnowbooster itself does not do the delegating. People actually go on there and buy your 'contract'. I've had delegations picked up by @eturnerx and a few others.

not by minnowbooster itself (though they do get a cut, which makes them the actual vendor since they're also the ones promoting it)....not sure I agree with @blocktrades being the corporate evil giant... @minnowbooster has had a monopoly on the market for awhile and to see someone else in the arena publicly with a set rate (some sell their votes to the highest bidders, that's not viable as an actual contender) is a breath of fresh air... as for the bot, I did check it. It didn't accept what was accepted moments before I sent the request. I think they've just bitten off more than they can chew atm 😎 I'm sure they'll be back to form soon enough.