RE: How I learned to stop worrying and love the Bid Bots
When I say good, I mean increase the price of the Steem cryptocurrency, and when I say bad, I mean decrease the price. It wasn’t very clear from my comment, thanks for pointing this out.
The way bots decrease the price of steem is that it repells users from coming to the platform, as they don’t enjoy the content. This means less eyeballs, so less value created.
The amount of staked steem for 7 days is probably not enough to compensate for a big loss in the quantity of eyeballs, but having some coins burned forever will compensate for the loss of eyeballs (in terms of price).
This is just my opinion and it may be wrong, maybe (and hopefully), people don’t mind the trending page that much and will remain on steem even though they complain about it.
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I disagree. Bots do not repel users from coming to the platform. Bad content repels users, and inflated and deceived expectations.
Let's look at the latter first: people are brought here with the hope that they will write something they like (or post a picture they did) and will earn significant amounts. Some of this false hope is given indeed by the amounts under posts which have been pumped by bots, but the error is in coming for the money
As for the former, bad content can be fought in various ways. The way I propose to fight it is by "drowning it in good content"
But don’t bots bring bad content to the trending page? Since anyone can have a positive ROI for promoting their post then they might as well right the easiest post possible and promote it to the trending page. This is how it was for a while.
But I see your point, if good content gets promoted as well, then some people will upvote it on top of the bot promotion. This will cause the good promoted content to drown the bad promoted content. I hadn’t thought of that. I have actually started noticing that the trending page is getting better compared to how it was a few months ago.
You just earned a follow from me!
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Thanks.
"Weak humans" bring bad content to the trending page. If humans were not so wretched and weak and always did the right thing, we wouldn't be where we are today ...
Bots sprang up because there was demand - it's simple economics: there's an unfulfilled need which can be fulfilled economically, someone is bound to do it sooner or later and the first will get the highest rewards ...
So we can change the economics of steem by for instance tweaking how downvotes work (good luck with that). But until you manage to get witnesses on board with that, let's do something within the boundaries of the current flawed rules