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RE: A Less Talked About Cost of the Vote Buying Bots
Not sure about the bidbots being the actual problem.
I mean. I could pay a bidbot to upvote your post and this would add some randomness to the game.
The problem is nobody does it.
They all self-promote.
Whale or minnow.
Prior to the bid bots, the way for a whale to make money was to vote on content. Now voting means losing money, so no one does it.
And of course no one is going to spend their own money to promote someone else's content.
The secret was that there used to be an incentive for whales to vote. There no longer is one.
Well if there is a way to incentivize curation, we should totally do it. Maybe I'm not there for a long enough time, but it seems counterintuitive to lose money on curation.
I think voting trails are killing the system. Maybe more than bid bots. It encourages laziness and closed circles voting.
Why? If I find an interesting article I'll sometimes use bidbots on it to encourage its author.
Call me a fool. I don't care.
Curation rewards are the incentive. :D
It's just that the bid bots arrived to compete with the curation rewards, and won. The whales went for what pays better.
Yes you are right, for a high SP owner there is really not that much point in curating content when you can use other systems to earn rewards much faster. They have become investors now since the value of their Tokens have grown so much. So we would need a new influx of curators and new liquidity to make things exciting again. :-)