RE: Just another day on Steemit, why I feel helpless.
Hey @denmarkguy! Good to see you here :-) Great statement/question to which I unfortunately don't have any solid response.
Bid bots are actually counterproductive to one of the fundamental principles of the Steem white paper, did you know that? The sweat equity principle according to that:
All forms of capital are equally valuable. This means that those who contribute their scarce time and attention toward producing and curating content for others are just as valuable as those who contribute their scarce cash. This is the sweat equity principle and is a concept that prior cryptocurrencies have often had trouble providing to more than a few dozen individuals.
This paper was updated in August 2017, it's not that old actually. Still it sadly looks super antiquated if you compare it with reality.
Marly, I must confess that I mostly gave up on the White Paper because it seemed to deviate ever more and more from reality.
You're probably closer to understanding what is really going on at STINC since you went to Steemfest and probably got to talk to ned, sneak and crew. Interpreting from a distance, it always comes across as if they really are far more interested in selling technological infrastructure (including SMTs) than a social content platform.
But I don't know.
Sure! Ned Scott said in his last interviews:
From that day on I understood why nobody cares about the situation on steemit.com anymore :-) Not saying that this would be my approach, since I believe steemit.com is like Steem's no. 1 store sign, but at least I got where it all came from.