“But there’s a third way, delegation. You don’t have to post, you don’t have to upvote. Instead, you loan Hive Power to people you feel are active Hivers. That way you get a share of whatever they’re doing/earning on the platform.”
I have read that there is no financial benefit from delegating to others. I'm an old timer here but the rules have changed so often searching for information gives out-dated results. Did you read this yourself in a search as well?
Great question, @leprechaun ! I'm very new to Hive and got many things wrong in the first draft of the guide that have since been corrected. I'm open to correcting this as well.
This post from @bhattg is only 5 months old and mentions earning through delegation more than once, and none of the other people who corrected parts of my guide called out the specific line you did... so... I'm currently assuming that delegation does in fact, earn financially.
Edit forgot to link photo:
That said, I love finding out the truth and am happy to correct this. Either way, thanks for bringing the possibility to my attention and I appreciate your comment! 🙏
The subtle thing though is that on a protocol level, you might not get anything for delegating but those you delegate to may pay you in return for your delegation. It seems he means you get rewarded on the protocol level here. It looks like your article was right about that part.
Let's handle this scientifically. I should go through my curation rewards and see if there is anything I got rewarded for that I didn't actually vote for.
That is a subtle distinction, and I'm glad the article is on solid enough footing here.
I look forward to the results of your research / experiment on this. Thanks again for bringing it to my attention! :)
I opened https://www.proofofbrain.io/@leprechaun/transfers and https://www.proofofbrain.io/@vempromundo.pob/transfers. My delegatee voted on this:
https://www.proofofbrain.io/hive-150329/@madstacks/community-litter-picking-drive-earn-pob-and-save-the-planet-week-3
He received 1 POB curation reward but I got nothing for this.
By comparing the curation rewards of the delegatee and the delevator you can observe whether rewards are absent in the delegator that are earned by the delegatee. In the case of Hive Engine tokens, there is no protocol level monetary reward for delegating. I know this isn't Hive but I am more interested in this topic through the lens of POB.
I leave this as a potential methodology for experimenting. We need to find someone with delegated Hive power and the corresponding delegator. Then we can look at the curator rewards. If it's like Hive Engine, there is no reward. I'm convinced that the essay is wrong until I can be pointed to a pair who have a delegation from one to another a week from the time I see them or before, I will work under this belief.
Interesting stuff, and kudos to you for digging into it. That said, experimenting with 2nd layer tokens (Hive Engine generated ones), seems way off base for me explaining the foundations of Hive to beginners. The section in the guide is specifically about 1st layer tokens and native Hive currencies.
You're more than welcome to believe whatever you wish regarding the essay.
For now I'll trust all the other experts (witnesses included) who have examined my guide and consider that section of it accurate over your single-data point experiment using POB. :)
That said, I gladly welcome more conclusive data regarding this topic, and again appreciate you bringing it to my attention. Wishing you a great day! 😀
I just hope someone comes a long and does the same experiment but it turns out I'm only really interested in Proof of Brain. I should just reserve judgement about Hive. Hive-Engine tokens and Hive are completely different. I found I could not quickly find a pair of users where one delegated to another and it seemed like that was going to be a very long exercise and thus another long fool's errand.
I'm with you. I'd love someone to do a similar experiment. Props to you for reserving judgment. And I totally understand, and at least you got some good data on how it applies to HE Tokens. Thanks again!