So are you saying as long as a user is able to vote with higher efficiency percentage than the current ROI of a lease, then it is to their benefit to increase their curation earnings by leasing more SP? I wasn't sure if the curation efficiency is the same as ROI.
I hope this example helps.
The voting efficiency is not comparable to the ROI on a lease.
Example: my voting efficiency is 73%.
The amount of SP that will earn me is 458 SP.
That would be 23816SP per year if I can keep that up.
I'm currently voting with a 175k SP stake.
My voting ROI on curating is therefor (23816*100)/175000 = currently 13,6%.
This number is comparable to a lease.
Currently, it makes no sense for me to take on a lease, but it does make sense to lease to anyone offering more than 14% unless I can get better at curating.
Got it! Thanks for the interesting post and the detailed response @exyle. I love learning about various curation strategies, and thinking about ways to evaluate the effectiveness. It can be a bit of a game sometimes reacting to how all the other players in the game choose to play.
[Based on Weekly SP Reward (R), Voting Efficiency (E), and Staked SP]
Curation ROI = (100 * (52 * R)) / SP
My Results, My Impressions
My self-estimate was 7.4% ROI for my weekly efforts. So you're saying it's a better ROI to lease it for a higher rate?
Even so, I prefer to curate manually, as it feels more ethical to monitor using it to support authors posts I feel are rightfully deserving of rewards.
Ethics/Philosophy Ponderings...
(Rhetorical Question) Who knows where the author rewards will end up if I lease that power away? It could easily end up in the wrong hands.
On the other side of that coin, even in the world of paper money and debit cards, isn't the spending of money also challenged with the same dilemma?
If I spend money buying item X from store X, and their employees and CEO use their profits to do all kinds of things I would not condone, am I not also somewhat mistakenly supporting those behaviors I deem unworthy?
Part of me likes the idea of "don't ask too many questions", but ultimately I feel it is better to take some responsibility for the things I can control with the knowledge we have available. And if I don't, who is to say someone else might not set consequences for my part in other people's misdeeds?
End of musings... for now. 😒