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RE: Open letter to fellow Investors
do you think it's a good investment to pay 550SBD to get 693 payout (-25% 520/2 = 260SBD + 160Steems)?
do you think it's a good investment to pay 550SBD to get 693 payout (-25% 520/2 = 260SBD + 160Steems)?
your thinking is same with me , I have shared same thinking in my post
https://steemit.com/mgsc/@bnbtravels123/calculaton-of-profit-and-loss-on-steemit
You'r right. That's why I don't use bid-bots. But most writers are using them to be listed on trending page. The pattern of earning reward on steemit is gradually changing. Write anything and pay to bid-bots and earn reward.
is this bid-bot a paid service. I mean if one pay them then they will help to vote and make the post trending ?
no its not a good investment
why not?
no bro , anything which shows negative is not right investment
you are right
you are right friend
It is good if one is good writer. One has to make himself/herself visible. And there is cost involved in getting attention.
Bot visibility is money wasted.
It actually has the effect that people will not look actively at what you write if they expect to find you on the trending page.
Authors self-rewarding themselves to this massive extent tend to alienate most readers.
Bid boting is basically shooting yourself in the foot when it comes to any long term status on steem.
Yes you mentioned a important point "self-rewarding" that's what it is and the money is taken from the reward pool of all Steemians. For new Steemians it creates a totally distorted view of rewards, because they are bought and not really earned by votes from interested readers of the post. The other thing.. also the reputation is bought then and represents not the term reputation as we understand it in the real world. A reputation of 60 or 70 reached with real votes is a real big achievement but the current system opens ways to get around that and that is also a completely distorting view for other Steemians. That is only fixable with good code.. the human behaviour is not changeable! If nothing happens Steemit would suffer and die in the long term. I hope Steemit Inc. and witnesses unite to create a long term solution for our beloved platform to not only survive but thrive!
I dont know how well, code by itself can get the wanted results. Im not a fan of rules but different people value things differently. I really cant see us coming to a across the board solution without resorting to adding in certain basic rules of conduct.
Can code really be written in such a way that it will not lead to people finding a path around its restrictions.
I havent seen proof that it can, unfortunately.
it depends on the level of rules. On the basic level it can work to a high degree. For example take Bitcoin, basically it cannot be hacked unless two of the biggest mining camps join together for a 51% attack on the network to manipulate cash flows. The flip side would that they destroy their own basis of trust. Nobody would use Bitcoin anymore because one of the basic needs of Maslows pyramid is now in danger..
On a more complex level there is always some drawback with regulation, bureaucracy and wasting precious time.. you take freedom from intelligent, honest and trustworthy people for the sake of avoiding criminal activities, stupid data inputs which can harm a system..
In this case we talking about money and if there is a opportunity to silently plunder the reward pool with complex bot systems.. they simply will do. If you have no hard rules which regulate it by themselves you always need a police who is overwhelmed by all these activities.. why not imprint something on the blockchain.. immutable, automatically operated.
It is not so challenging to find a solution for 90% of abuse but for 95% or 99% like the self-upvote checkbox which is gone now in favor of Steemit. Sometimes you must swallow the drawbacks to vastly improve something for long term in my opinion. If we want real mass adoption there cannot be all doors wide open for every option and scammers.. which would destroy user experience.
To refer to the self-upvote, currently it's still possible but not offered when you publish a new post.. why not shut down this function completely? There are so many new people which slowly realizing the implications just after months or the negative impact.. so disabling such functions would help new people and prevent misuse from the beginning. We need less money options and more social experience.. it's not about tech savvy people here which control the cash flows against not tech savvy people in my eyes.
lol
In my investment practice use tool forecast.ws .