RE: Is 'Quality Content" Like Holding Onto The Rotary Phone And Steemit Inc's Conflict Of Interest
I have a question... And.. it is based off of the @tipu post I wrote yesterday, where I made an error in my calculations in my excitement hahaha
Two people commented on my post pointing it out (one of which was @cardboard) and now I'm reading your post and scratching my head....
I had stated that after promoting my content with a tipu vote... I was receiving 7 more steem back in value...which was incredible!
This is true! But... I forgot about curation rewards cut. So after that was taken into account, only 0.58 steem (or so) was actually profit.
It is STILL beneficial over time! However.....
If the rewards change 75/25 to 50/50... Who would ever use a bot???
The cost of promoting your post through a voting bot would NEVER benefit you. So the voting bots would die Immediately.
(Right? Or am I missing something again in my haste!)
Is it possible that they're attempting to kill voting bot activity?
Posted using Partiko Android
There are a few presumptions you are making.
The first is that people use bidbots for the direct return i.e. X% on X STEEM. While this is often a reason, many use it for increased exposure. This helps them to get more followers which helps to increase their future returns.
The second is that presumption that bit bot owners are going to keep things as they are. I feel they will adjust their algorithms and added other layers that will keep then process enticing. With the increase in curation rewards, they simply could give part of that back to the users.
So if the goal is to make the use of them less attractive, I have a feeling that will not occur. They will adjust their business model to remain relevant.
Well that would be great!!!
And i use bidbits for both reasons.. promoting and profit! :)
Posted using Partiko Android
The voting bots will not essentially die if they increase the ROI. If they give a vote that accounts for 50% curation it will still be profitable.