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RE: Dear the greatest Bid-bot owner on Steemit...
Hello Asher. Thank you for pointing this out. Yes, I wish bid-bot owners take it a step further and refund bids that put the ROI in the negative.
Hello Asher. Thank you for pointing this out. Yes, I wish bid-bot owners take it a step further and refund bids that put the ROI in the negative.
I'm wondering if the argument when it comes to cash (which is surely the reason) would be, 'well it's x thousands less for me, but only a few $s for each customer'. Is that good enough for you? hmmm
Thanks for your comments @eastmael :D
I'm looking at it from the point of view win-win (and would like to see the math as well). Will the the bid-bot owner not earn a profit if he operated like this (return excess bids)? If he earns a profit by operating with a refund-excess-bid policy, why then would he not implement such policy?
Again, I don't have any idea with the expenzes that come with operating a bid-bot and would appreciate if an owner can show us the math behind why implementing such policy will put them in the red. Or if does not put them in the red, perhaps it can provide enlightenment on such a blurry matter.
I hope I make sense. It's already 2:45am here. Lol.
I'm sure some Bid-bot owners have done their math, I'm less sure if they'd be willing to share their profit point though.
Greed?
I checked the comments and didn't see any owner reply. So I guess no bid-bot owner is brave enough to take the challenge I guess.
A shame. I think it would be great publicity, and believe the rounds would be filled each time with smaller bids at the end to take the last spots.