How much of those author rewards are from voting bots. If they are bought votes as a means to grow SP over time vs just a straight power up, won't the impact be less as the ROI calculations will adjust to the new curations %?
Side note, I wonder if we will see a shortage of vote availble on vote buying markets after the HF...
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I can speak for mine. (cuz i'm not tracking bid bot use across the platform LOL)
I have @fundition votes for my project that come in maybe 8-10 times a month? Every time I do an update (that takes me hours to write....) they faithfully support my project!! and I'm GRATEFUL! LOL There are also projects like @helpiecake @helpie @curie @c-squared @c-cubed and COUNTLESS other curation projects that help the little guy!
All those votes that help the newbies to grow will be CUT IN HALF. PERIOD. and the overwhelming majority of the money is going BACK to large accounts.
yes - there are bid bots across the platform, but bid bots are used for SO MANY things. I often will buy a bid bot purchase for people who win a contest of mine! And if this proposal is meant to cut out bid-bods.... it is so RIDICULOUSLY skewed in favor of large accounts - HOW is this actually seen as a correction?
If they want to outlaw vote buying... its very simple. eliminate them.
Don't try to make it "more difficult" to make money on them, while allowing other people to benefit GREATLY off the solution.
it's smoke and mirrors. if there is a problem - go after the problem. Don't "sneak the potential solution" into a win/win situation for whales that JUST HAPPENS to double their wallets too.
honestly - this is so bad - that i can't believe that the people in GREEN aren't speaking out about how shameful this proposal is!!!! It's kind of embarrassing. A case could potentially be made if they were working twice as hard for making double the money.
but they're not. its literally just a windfall for doing not one thing more. (and worse - its taking the money from authors - most of whom are LITTLE accounts!)
I think it may actually create a higher demand for bot votes as people will be accustomed to higher payouts and as such, seek what they are about to be missing.
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Not sure if you are playing next colony.. but there is possibility if you are lucky. Some are selling Explorers for 10 STEEM, and transporters for like 5. I think those are crazy prices but its happening. Others are selling planets for 25-150 I think.. but its all about the type and the location. I have not made anything and only spent 10 STEEM so far.
I've got it bookmarked, have yet to dig in but if things are that low atm...
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I was thinking of SmartSteem. They give you a guaranteed 5% return on your bid. But after the HF if you spend $10 STEEM bid, they need to give you a $21 STEEM bid. It will require a lot more SP to give a profitable upvote. The reduced rewards may really drop the number of content producers and create more people who just sell their votes for growth.
I think you're right that people will be looking for any way to make more money again...