According to the general definition, if a post's rewards are 2X ~ 10X what it would earn organically, this is bid bot abuse. For example if we remove the bids and your post sinks down from 5 SBD to 0.25 SBD this is 20X and abuse by almost everyone's definition.
This is a statement I find rather troubling about the situation. You made a reference to politicians buying votes, but if your definition of abuse is correlated to what a post earns "organically" then how is that much different? The people with big accounts will be able to get away with this more so in the end, people with less of a following will be the ones to suffer more. You can see the error in that logic right?
I'm not trying to paint anyone as the bad guy here. I just think both sides are pretty equally flawed. I understand your perspective to an extent. But, I can also see a benefit to the bots too.
Also, I said 0% ROI or just pay 100SBD for a 100SBD vote (which would be a negative ROI). In that scenario you'd be losing 50% to curation at the expense of promoting your post. If there was someone offering that as a service then would it be acceptable to use it?
Actually now that there aren't so many people buying votes, abuse fighters amd cleaners are going after vote traders or circle jerkers as some call it.
However unlike vote buyers vote traders are definitely not doing it for promotion, but they do have a lot of stake and are removing a lot of steem from the reward pool.
There are some people arguing for vests to be returned faster (for a price) to appease big investors.
Paying 100 sbd for a 100sbd vot still removes 100sbd from the reward pool for curation even if you aren't getting half. The bot owner will get like 20% returned in curation atleastband 100sbd from thr purchase, meaning they are earning around 120% for their vote which is excellent.
The entire community still looses honesty and the reward pool, the buyer loses 50% but gets promoted, the seller still profits.
Honestly, it's better than what is happening now or pre hf21, but I doubt most people will agree it is fair, just a little better.
Good, I think the circle jerk voting is a much larger issue. I could easily name a couple dozen people that do it. Glad that's being taken care of finally.
I see what you're saying. There really just needs to be some other sort of mechanism in place to allow promotions. It's a failure of Steemit at the end of the day. Like I said, there's already some viable options with the example of eSteem. Imo, Steemit is a junk interface and it's a shame it's known as the main interface to Steem. I think it really hampers growth of the platform.
the worst is when they go downvote you when you get an organic @booster upvote from @fyrstikken and then they go around and leave their own organic bid bot upvotes alone and no one is downvoting the downvoters, its just basic human corruption and the scariest type where the people believe they are perfect and that their somehow always right, as if the FREE MARKET doesnt know better. They also correlate low price of steem hahaah with bid bots! theyre all just losers man , people who were on top when steem was high now theyre so desperate because they lost ALL their money lol
I guarantee the price of Steem has absolutely nothing to do with bid bots. And I think I might know who you're referring to.
Are you available to talk on another more private space? Discord? Loki Messenger? Etc?
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