RE: 3 WAYS OF JOINING OUR EFFORTS + PROJECT "HOPE" ECONOMY EXPLAINED

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First of all, what you intend to do is noble. There are, however, some kinks that would have to be worked out before I would invest.

Second, my understanding of your three-tiered system is as follows: Team A provides SP through delegation to give big upvotes to the content creators in Team B, who have agreed to delegate part of their author rewards to Team C, the five chosen Venezuelan authors who will be earning their support by reaching out to delegators, promoting Project Hope's channels, and promoting Team B's content. Project Hope then delivers the curation rewards to the delegators, and the agreed-upon percentages from Team B's author rewards to Team C's members.

Having now laid it out as best I understand it, here are some additional questions and statements:

  1. How is it that Project Hope can guarantee 20 percent above what we would earn if we were to manually curate the articles Team B is putting out?

  2. A statement: 20 percent is not a convincing metric to me since under normal circumstances I probably would not have seen much of the content in Team B. This leads to the next question:

  3. Will Team B's subject matter expand with time? This comes from the knowledge that only a certain number of people are into reading and voting on the content Team B produces, and if Steem were to drop significantly, you would need to shore up Team B's readership in order to maintain even the same level of reward to distribute and remain profitable to delegators at the level you have promised.

  4. Somewhere on this page you have presented a metric of every 1,000 SP delegated putting forth a return of 2 Steem every weekend. How would this be accomplished, exactly?

  5. A statement: those of us with good facility in math know that with there being 52 weeks a year, 1,000SP delegated will lead to a ROI of a little over 10 percent a year for just about 10 years -- ASSUMING things in Steem stay as they are. I'm not going to lay out the math here. That's your job. Those of us who don't have a round 1,000SP especially need to understand how the percentages work, and both whales and the whale-minded smaller delegators may discount your project just because you didn't provide the numbers.

  6. Assuming things will stay as they are in Steem is a fool's proposition -- so, in generalized terms, how will you provide stability in ROI given that you cannot control the direction of Steem and that you have chosen to make Team B limited to niche subject matters that may or may not grow in proportion to changes in Steem?

  7. What reports will you generate to show transparency to delegators?

  8. A statement: I have been to your passive income page, and this is what is written: "if you were to delegate 3k SP increasing total amount of delegations to 60k SP, then you would receive 5% of all curation rewards on weekly basis. Therefore your delegation will serve a great cause and you will enjoy passive income." Again: I have sufficient facility in math to understand your example, but I also have sufficient facility in reading to know that on this page you have already said that the account has 250K in delegation already, meaning the possibility of investing 3K SP and picking up five percent in curation rewards every weekend is long gone. Again: whales and the whale-minded who notice the contradiction are likely to discount your offering from the gate. We need the real numbers, and we need them to match. I am not going to do the math here to correct the percentages for you on what 3K SP will actually earn an investor in who comes in while you already have 250K, although I can. That's your job. The fact that you have not done it already I like to think is an oversight.

My heart wanted to break off what I could spare and put it in this project -- however, I have not achieved having more than 1,000SP to work with in just ten months here by following my heart. When numbers clearly do not jive, I do not invest. Because I care about the work you are doing, however, I want you to seriously consider and solve these problems so that the project can be as credible as it can be when I return with more resources in hand to look again. I wish your project well.



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Dear @deeanndmathews

Thank you for sharing your valuable opinion with me.

Having now laid it out as best I understand it, here are some additional questions and statements:

Your summary is correct and you indeed understood our concept very well. Please allow me to try to answer some of your questions.

How is it that Project Hope can guarantee 20 percent above what we would earn if we were to manually curate the articles Team B is putting out?

I'm afraid I've lost you here. Project.hope guarantee redistributing 100% curation rewards, but I never mentioned that it would be 20% above what you could make curating manually yourself.

Could you please clarify you question?

The only way I've mentioned 20% is when I wrote that all content creators collaborating with us (group B) are setting up 20% beneficiary and those funds

Perhaps I could share with you link to our discussion we had 2 months ago, when idea of setting up beneficiary started?
I hope this post would explain in more details what are those 20% being used for and idea behind it.

Will Team B's subject matter expand with time?

We're planning to expand when it comes to amount of content creators we're collaborating. Our main interests will still gravitate towards topics related to technology, economy and psychology.

Im slowly inviting one person after another, who I value and I see that such a person is supportive towards the others and active on steem. Plus is sharing similar interests and values.

Somewhere on this page you have presented a metric of every 1,000 SP delegated putting forth a return of 2 Steem every weekend. How would this be accomplished, exactly?

Meaning? Assuming that you would delegate 1k SP, then ever weekend you will receive around 2 steem. That amount is based on average curation rewards project.hope has been receiving within past several weeks).

Does it answer your question?

You've mentioned ROI and you're very right. It's surely little less than 10%. However it's 100% of curation rewards we're receicing - it's already more than most bots owners offer and it's more than majority of people are earning with manual curation themselfs.

Small example: you've 1300 steem and your last week curation rewards are less than 1steem. With 1300stem delegated to project.hope you would receive around 2,6 steem.

Which still isn't much - it's still kind of pennies.

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how will you provide stability in ROI given that you cannot control the direction of Steem

I'm not providing fixed ROI. What I'm trying to do is to provide 100% coming from curation rewards to delegators. And I'm focusing on collaborating with people, who's are willing to support our efforts and our vision. People who care mostly about ROI and who will see better opportunities elsewhere - they will just go their own way.

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What reports will you generate to show transparency to delegators?

So far noone who delegated any SP did ask about such a reports. So right now monitoring @project.hope wallet is more than enough - since all transactions are transparent (blockchain). Once every weekend I'm planning to claim rewards and distribute 100% of them to delegators. Not much to report there.

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I also have sufficient facility in reading to know that on this page you have already said that the account has 250K in delegation already, meaning the possibility of investing 3K SP and picking up five percent in curation rewards every weekend is long gone

Good point. Please correct me if I'm wrong, but ...
a) if you delegate 3K and total amount of delegation is 60k (and those 60k allow us to receive 120 steem in curation rewards), then your 5% of all curation rewards = 6 steem.

b) if you delegate 3K and total sum of delegations reached 250k, then naturally your 3k will represent less than 5% of all delegations and you will receive less than 5% of all rewards.
As a matter of fact your 3k will represent only over 1% of total delegations. However assuming that 250k SP delegated would allow us to receive 500 steem in curation rewards - you will still earn 6 steem at the end of the day.

That's your job. The fact that you have not done it already I like to think is an oversight.

Indeed. That's surely my job and I'm glad you've brought it up. I'm planning to work on new website sometime next month and I will try to explain math in more details.
One thing I've learned is that by going deeply into math - we're losing interest. So it's always very difficult to balance it and provide people with explanation that they would actually bother to read. Without losing such a reader.

My heart wanted to break off what I could spare and put it in this project

To tell you the truth, I value your input as much as I would value your support with delegation.
One more time thank you for this set of few amazing questions. I absolutelly appreciate your comment and time you invested into sharing your thoughts.

Yours, Piotr

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Thank you for taking the time to read and respond to my concerns; I do have more clarity now. I do not have 1,000SP to invest at present, but remind me in July, and I will return and reassess.

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It's me again @deeanndmathews :)

Hope you don't mind if i take few minutes of your time?

Are you using steemauto.com? We've launched "Project HOPE" curation trail lately and I figured that perhaps you would like to join and support our efforts with 30-50% voting power

The way this curation trail is organized will benefit you: on average we trigger this curation trail only 4 times a day. And all upvotes from curation trial are being placed, solid upvote from @project.hope (almost 300k SP) will follow. This way your curation rewards should be quite decent :)

Also if you're wondering what content do we support, then please visit @project.hope and check out resteemed posts.

How does it sound? If you like this idea, then consider joining our trail
Cheers, Piotr

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I would love to do that ... are you going to be moving all this to HIVE?

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