BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!
When you hear people lying about BidBots, send them to this article about the history of STEEM voting, curation and changes.
Once upon a time, people would be voting for themselves and their "friends" and only that. Yes, it was a nasty time for everyone on STEEM, I remember as a young minnow/small dolphin that my voting power was next to nothing, it just turned the button blue and no visible money was added to the rewards.
Then someone came up with a scheme to sell up or downvotes on the black market, a really easy way to make sure to become a witness, trend all your posts, make you a star - for money of course.
And the voting-power, omg, I remember looking at whale accounts with 20% votingpower, now that is how you know the rewardpool is being raped.
The updates known as HF19 and HF20 changed the game in consensus with the majority of stakeholders, creating a stake based and only stake based economy, the GOLD STANDARD
Now there were no real benefits to "circle-jerk" anymore, so self-voting became the calculated way to milk your own cow, but there is something to be said about the wisdom of "do to others what you want others to do to you". I do not want to post 10 posts per day and upvote myself and only myself, lol, that would just create flags against me from other users with more steempower then me and instead of gaining more stake, I would be losing most of it and at the same time lose other people money which would lead to conflicts and capitulation back to the drawing board.
BidBots trigger when their vote power is 100% and stop voting when it is around 98%
Ten times per day they do this task, a 100% upvote divided on the participants in the open auctions. This is extremely rational and in this way, BidBots preserve the integrity of the Rewardpool instead of more irrational voting habits as we had on STEEM before the bidbots.
BidBots Make sure YOU and the PUBLIC have easy access to SteemPower for YOUR own reasons!
The ones who rape the rewardpool are easy to spot as they have drained their own vote-power down to an almost minimum, so stupid - if you see someone with a very low voting power, tell him/her they are doing it wrong, take a break and vote 10 times per day when your battery is fully charged.
BidBots make sure they stay powered up and benefits those that use them - The BidBot Owners have open communication lines between each other if something needs to be done/changed/talked about, these are fine people who are seriously committed to their investors, the users and the rewardpool. Be sure of it!
BidBots are monitored by their owners + competitors + everybody to preserve the integrity of the Rewardpool!
Nobody wants to destroy the rewardpool, serious steemians know this, and bidbot owners and operators are for the most part the absolutely most serious people you can ever come across when it comes to integrity in the monetary sense. In other words, nobody wants to shit in the swimming pool we all swim in, and there is no point in emptying the pool when there is a fresh stream of new rewards coming in with every block.
The Rewardpool is full - Have a swim!
In essence, right now let us say you spend $50 divided between 5 bidbots, you get $49 worth of upvotes, so your marketing cost is really just $1. The alternative would be to not have access to this steempower and instead, you would just sit there watching whales, dolphins, and minnows circle jerking like before, and we do not want that.
Another thing about trending on STEEM is that your posts trend relatively high in search engines on the topics you write or make videos/songs/photos/game about. And of course you make more followers when people actually see your post, which is something to think about with 50,000-100,000 posts/comments per day and growing.
You were BORN TO STAND OUT - so why the hell do you TRY TO FIT IN?
The fact our company stay invested with STEEM is because of all the crap content around here, which in investor terms are great because that means there is room to grow, which is awesome for us. It is the same reason we dumped Alphabet and Facebook, they have sold themselves into a synthetic political correct perfection which yields a lot of frustration of not being seen, or being seen by so few that you have almost no social impact. You know about all of this, so be happy that BidBots allow you to reach out to the MASSES for YOUR OWN REASONS!
Every year, smarter and smarter people grow smarter on the STEEM blockchain, people use their talents, their time, their money and build up their very own STEEM BRANDS, all which will be very very valuable in the future as we keep growing on the MEAN. Around here you got to be a little crazy sometimes to shake the tree and make sure it is founded on solid ground so it won't fall over and die when it grows up and yield fruits.
I hope you learned what you need to know about BidBots, now CLIMB TO THE TOP and become a WINNER!
To learn more about BidBots and see all of them, please go to https://steembottracker.com/ created by @yabapmatt, it will give you a lot of insights on what bots are profitable or not each round in real-time. This is the future of marketing without the use of advertisement.
I feel like this argument has been going on forever now and still steemit is running stronger then ever even with tons more bidbots. Wake up people its all a game start playing it ;)
The best comment, my friend.
Here, on steembottracker it is clear and obvious that the bots do not agree and steal only money.
The problem with bid bots and any kind of upvote bot has absolutely zero to do with the reward pool. The real problem has to do with the value of the platform eventually boiling down to the value of the content on the platform. Curation, real curation, is essential for driving people to maximize the quality of their content. Fake curation hurts quality and thus hurts the intrinsic long term value of the platform. Users producing mediocre stuff end up with fake reputations what makes things only worse.
The underlying problem though goes deeper than bidbots. Bidbots are just a symptom of a failing platform feature. The promotion feature of the platform, in its current form, doesn't work. With small adjustments the promotion feature could be fixed to both draw in top content creators and to provide promotion users with the proper exposure.
As a content creator myself...i cringe a lil when i say this....but the value of the platform is not determined by the value of the content on it. That is only one piece of the pie....and sadly not even close to the biggest. The value of the blockchain is the primary factor in the value of the platform.
There will only be a few of us creators that really last through these pioneer days....it's not until the investors come that real content will come with it.
Take youtube for example....the content on youtube was absolute trash before the investors got on board.
Same goes here....a few here now will make the grade, the rest will come when the money comes.
You have two options as a creator here now.... 1, Dig the fuck in and try to make the cut... 2, Keep getting by for now till the money does come and you reap the benefit by the increase in value of what you earned.
That's all there is buddy.
This is your chance to find out if you can cut the mustard...that's it.
Actually, that goes for the devs too.
I agree with you. As a content consumer the value of steemit depends on the quality of its content. As a content producer the value of steemit only matters if the rewards depend on quality of content produced. That quality has intrinsic and extrinsic components, or perhaps we might say objective and subjective components. Objective may be the originality of the post, how well content meets a certain information goal, etc. Subjective includes people's interest and feeling of the content, as well as temporal aspects, since some information is quite valuable only at certain times. However, if the economic incentives are such that we can treat content as a black box and the only factors for upvotes and rewards are how much someone can make from that black box, then content quality is irrelevant and the platform suffers, at least as a serious platform for content. It can still however, be a good platform for treating content as tokens, where the value of those tokens are based on factors such as how much power is behind the poster and the groups who will automatically upvote the token. As I learn more about Steemit, I am constantly reminded of my favorite Hayek quote: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." (From Hayek's "The Fatal Conceit: The Errors of Socialism")
Personally, I'm quite happy with what the platform has done for me. My fiction makes slightly more on steemit than it does on all e-book channels combined. Still far from the quitting my day job lever, but that is fine for me. But when I try to convince friend content providers who actually did quit their day job that steemit is a great platform for them to try, there is one major issue keeping them from even trying and that is the inability to turn their following on social media into advertising revenues. You could have a hundred million non-member pageviews on steemit and it wouldn't get you a single cent inadd revenues.
On the flip side, you can pay 20,000 SBD for 'promotion' and all it gets is a place in the promoted tab that nobody looks at ever.
It seems so simple, really. Combine the two as part of the platform. If a non-logged-in user visits a blog through a social media link, show some of the relevant 'promoted' content to that user. Then pay the blogger who brought in the non-member content using some of the money the people promoting their content brought in. That way you lowe the threshold for the professional content creators to join the platform, pull in higher quality content providers and give the people spending money on the promotion feature a bit of bang for their buck.
I think if the platform solves this bit in this or a similar way, the gap that now gets filled by bidbots will disappear and so will the justification for using them as self-upvoting proxy. If I'm correct about this, a facility (bidbots) that curretly has the unintended side effect of decreasing the value of the platform could be replaced using simple means with an improved version of an existing platform facility (promotion) that would end up increasing the intrinsic value of the platform.
Hope I'm making at least a tiny bit of sense here.
I like your idea of of including non-logged-in viewers, though I wonder if that might open the system to gaming from external bots. Still, rewarding authors who bring in new users or viewers in some way would be great. For example, I posted one of my recent steemit blog articles on LinkedIn a few days ago and got 168 views (so far) along with a nice list of where those individuals work. A good number of them most likely clicked on the link and read the post here. In fact, I suspect that more of them read it than Steemit users, even though it is probably of more interest to Steemit users (its a post about a web-based Steem Tag Explorer that I made in Tableau). Perhaps the easiest way to address this issue is to rapidly speed up account creation and simplify the onboarding process. I would have paid to set up an account, but as someone new to the crypto world, I found the pay options confusing. In particular, they did not even list a price to create an account.
it will. the Animal Kingdom does not come close to how wild steemit can be. feeding upon feeding.
Wow this one is some house I gotta spend some time in!
That pool itself is enough for me! :D
You received a 62.50% upvote from @brotherhood thanks to @mamalikh13!,
join on @brotherhood community on discord channel:https://discord.gg/3HZdaGk and share your post there.
Delegate to Bot and Get High Return Fix 100% earning return,
bidders will always win something and it will adapt to distribute all the 100% upvote ,now we reached to 23000 SP and recommend. send the 0.1 to 0.6 sbd or steem.
Bidbots are capitalism at her finest. Anyone can use them, and they help users big and small. IF bidbots were draining the rewardpool, those who have the biggest stake would have raised holy hell against them. The only users I have seen that are saying this are smaller accounts that do not use them. I personally only use them on my game posts and one or two good cause posts for the marketing aspect. I am competing just like everyone else is to show off my good content. I do not write bad quality anything, so I want people to see my work any way I can.
let me throw in the good ol' Altruism use for this if chosen to do so, you can use these for others posts you consider are good for the whole platform or need a boost or whatever....
Human Nature is what it is and it with the transparency of Steem, we the stakeholders can readily see how people use their own funds....it is redundant to bot bots then bot the bots with moar bots , just a thought!
( not talking spamming peoples posts with what is already a transparent nature of what they used and how on bots, that thing and the grammarnazi bot feel like root canals)
Now my de facto gif for when people fear there are too many bots. Good point on transparency. Not like they are paying them under the table, we can see whom is bidding, and on what posts.
OK, but they rarely help fill it back up either.
The problem: Many large accounts who would help keep abuse/rewards in check in the past would flag at will prior to their arrival. @smooth, @freedom, @dan, @ned, @berniesanders, yourself + others would frequently bring the flag out for other whales, and just one or two of you, could cut out whatever abuse was taking place.
I know that you and Bernie still flag from time to time, but the majority of the above have their stake in Bidbots or are no longer flagging. Hence we've had over 6 months of blatant Reward pool abuse from whale accounts.
@fulltimegeek is the only consistent flagger with any real stake, and it is not enough. The @thejohalfiles smashed a couple of EOS shill posts the other day, but the other large stake holders are either absent, or tied to Bidbot delegations.
I don't care about whales getting richer, that is supposed to happen. And I no longer care about shit-posts on Trending boosted by bots. But when you guys cannot manage the abuse at the top between you, then it will (and it has) trickle down through all levels of stakeholders.
You should try it. Who's going to flag you? The power is absent/delegated to Bots.
Lovely post... And the pools are amazing.
I don’t use bots , I don’t know how to. But I do upvote content I like and most of the time I upvote people who take the time to reply. Cheers mike