@aggroed you just saved me a few hours! I've wanted to write a post about this very thing but you came along and did it much better than I ever could have - and you have a much larger audience to boot!
Thanks for promoting the bot tracker as well! On a related note I recently read the post from @acidyo about his conversation with you on this topic and it seems like he's come around to see that bid bots are really not all that bad.
Very impressive work! One question (if you read this) - are you planning to combine msp-bidbot and lovejuice, or keep them separate?
Keep them separate. Lovejuice will continue to use income to pay minnows who can't make 5 sbd on teh platform. msp-bidbot will work to allow minnows a healthy return even on small investments.