RE: Bid Bot.. Abuse?

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Basically, when you purchase a vote (e.g. send 10 Steem to a bid bot and they return you a vote that will net you 5-15% profit after payout) is not only unfair to everyone else who doesn't buy votes (remember not everyone can buy votes cause there isn't enough SP for that), but at the same time you are giving a bid bot Steem which they on top of curation rewards get and send back to the delegators after taking a cut. If you don't buy votes they are forced to curate for free else their voting power will remain idle at 100%.

This now means that delegating to a bid bot is way more profitable than just curating which encourages everyone to do that again and not curate, this was happening pre-HF aside from some people and curation projects doing it anyway.

So the more people are buying votes, the less reason bid bots have to curate, the more reason stakeholders have to delegate to the bid bots and not curate and we're back to having no content discovery, no genuine curation and Steem being nothing but a proof of stake coin where content is just a placeholder for ROI that doesn't matter how bad the content is or not.

Instead we are attempting to get bid bots to just give up on selling votes for the higher returns, if they want to sell it should be about promotion and advertising which should not return a profit to the author cause that is unsustainable. So they will be able to buy votes and either decline rewards or sent part to @null or @steem.dao or get downvoted to unprofitability.

"Okay but they aren't curating me", well a lot of authors on Steem have had to work hard to get attention and curation and have not relied on purchasing votes to get there. Although we have plenty of curation projects looking for new authors that don't get a lot of visibility or rewards, we are hoping that the more stake is turned into curation only the wider their upvotes go.

Anyway, I admit I didn't read the whole post but I just want you to know that downvoting is not something we are doing out of fun or politics and spending a lot of time explaining it to people is not something that we prefer doing either.



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