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RE: The end of the War - Haejin & FulltimeGeek
Who can blame them for using bidbots. I was delegating to smartsteem. Why? Well, when the STEEM and SBD prices were way higher, did you ever do a ROI calculation? It was H U G E. There is no other way that I know of to make even close to the return it provided. Since prices are low again though, I've removed my delegation to better support my friends. I didn't put my money into SP though to lose it. It was an investment, and I want it to grow. Good content does get rewarded on here too. If someone isn't being rewarded, they are not doing something right. Either they can't write well, or no one cares about their content enough to support it.
Right, that is what I am saying - the ROI from bidbots is indeed H U G E and is actually greater than self voting. I am not blaming people for making the decision that is in their own financial self interest. I am just calling many of them hypocrites for pointing the finger at Haejin for self-voting his own content, when they were/are taking even more from the reward pool (relative to their SP stake) through delegation to bid bots. Delegating to a bid bot is functionally equivalent to self-voting, only it actually takes even more from the reward pool, and exposes you to no risks of flagging. Haejin is and always has been the easy scapegoat to distract people - it is easier to see his posts with large self votes and conceptualize the amounts, while the ROI from bidbot delegation is more or less invisible. But it still comes from the reward pool. And it adds nothing of value to the blockchain.
It's not entirely invisible. People can look at my wallet and see my smartsteem payouts. Sure, I could create another account, and use it to receive rewards, and then transfer the money back to myself off steemit. Some certainly do it.