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RE: Are you tired of subsidizing bidbots yet?
I think you make some really good points here. 111 upvotes with only 2 comments, both from bots, though. That challenges the authenticity of your arguments.
Full disclosure: I use voting services and I run @steembasicincome.
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Lol, what are you trying to say, Joseph?
I dont count cause im gruff and have few friends that i havent already established my positions with?
Its not hard to see a few people are willing to go on record as supportive of me.
One with a large voting trail.
I get sbi from buying it for others, ive never used a bidbot.
You read the post, if you scroll back you will see more of the same.
All the way back to where i denounced delegations as cementing the whale's influence even more than they already had.
Just because you can is a poor sole reason to do things, imo.
https://steemit.com/steemit/@freebornangel/thanks-to-all-the-vote-buyers-sellers-and-delegation-leasers-for-the-kick-in-the-shins-eh
In no way do I mean to imply that your arguments don't have merit. I just think it's interesting when I see this level of righteous indignation from well-established accounts that gained their audience before bid-bots. It's hard being a minnow in the land of bots.
It's awesome that you picked up the support of a large voting trail, and I definitely think that the prevalence of bid-bots are a big problem on Steem. While I experimented heavily with them in my early days, I don't use them nearly as much as I used to.
I published a checklist of features that I thought bid-bots should implement to establish an ethical framework for the industry a few months ago, and I'm pleased to see that most of them have been implemented in @yabapmatt's software and added to his tracking site. Not all bid-bots have adopted them, but when I use them now, I limit my usage to the bid-bots that have adopted the most points from my checklist. I also limit my delegations in the same way.
At heart, I think that bid-bots are a symptom. The core disease is that it's much easier to profit from content creation than from content curation. SBD pumps exacerbated the problem, which is why high bias has been my top consideration for selecting witnesses ever since I learned what it was (at least six months).
If one could consistently profit from curation with as much consistency as from vote-selling or delegation to vote-sellers, then there would be a lot more whale support for curation projects or professional curators.
Since profits from curation are limited, the whales figured out how to earn creator profits through 'curation'- sell your vote and capture all the curation profits and most of the creator profits. Actually since most bid-bot users are unsophisticated and submit losing bids, you can sell your vote and capture all the curation profits, all the creator profits, and then some.
It's no surprise to me that the number of Steemians using bid-bots has been dropping steadily this year. It's hard to keep your business growing when most of your customers lose money from using your services.
Everything I've been doing on Steem with @thedailysneak and @steembasicincome has been toward removing the 'need' for content creators to use bid bots for discovery. Once the blockchain is SMT ready, I will take another step in that direction with an SBI token (sneak preview! You heard it here first) that heavily emphasizes curation in its reward algorithm.
(x-posting this comment to my own page later- with some editing and I'll through in some links and images)