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RE: What would Steemit look like if everyone chose to delegate their stake to a bid-bot?
The answer is, they both aren't good :). Bid bot traffic I think gave somewhat higher variety than when I saw it dominated by whale circle jerks. So what is desirable? Why, trending that actually means trending! Real people, real engagement. I'm sure someone should be able to gather signals to create a better trending based on a combination of signals such as resteem, comment, vote value, and etc. Maybe it can be learned, and the community can rate how good trending is. Damnit I need to go read up on machine learning systems....
If machine can learn it to differentiate, human will certainly learn how to exploit what machine has learnt :)
It is continuous battle, but it is better than nothing.