RE: BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL! by silentscreamer

View this thread on steempeak.com

Viewing a response to: @stimp1024/re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t085214303z

· @silentscreamer ·
$0.39
I understand your position but i obviously disagree. 
Like Fyrst said. Bots live of the <b>Crap content economy</b>.. They earn from it and they encourage it because its good for business. 

Im positive those that hold the most SP would not leave the platform if bots werent a thing. They were here long before that. Steem offers other investment opportunities. Consider Meerkat and Hendrikdegrote. 
Their support of Curie for example does earn them a nice return on investment without them having to lift a finger. If they did try to flee they would create a cascade and the price would plummet hurting them as well. 
Rarely any platform offers additional investment opportunity outside price speculation like steem does. Nah theyre not stupid.  

If this does continue for 2 or 3 years, which hopefully will not be the case, you will have a large contingent of  bloggers that grew their blog through bots. Those blogs will receive no following what so ever. That can be seen right now. The interaction rate on the posts from those that bot frequently, without boting is close to zero. Its all artificial, non-organic. 
What they are doing for themselves, in the long run is absolutely worthless. 
If they couldnt attract any following or interest without bots then once they stop boting not a single thing will change. 

Consider Yallapapi, who is a decent writer. He threw thousand of SBD at bots. How many people do you think read anything he writes when he doesnt use bots? He might as well be a rating 25 newbie on Steem. 

What bots do create is the idea that Steem is a crap content economy and that does hurt investment. <b> Investors arent crazy. When they see a platform that failed at its core idea they will not come here. </b> Powering down takes time and locking your SP in a platform thats seen as a failure in its ability to fulfill its goal is a super risky business decision. 
  

And that is the consensus when an outsider looks at whats trending. There is no escaping that. 
Not a single good thing will come from bots. Not for you or me or the bot owners. In the long run if the "shit content economy" persists we all get hurt. 

Thats why im asking: "What happens if bot delegation reaches 80%-90%? 
The new quality creators will all leave. Every single one of them. 
The quality atm is hidden in the lower levels of the trending pages, but with higher Bot delegation that will be completely wiped out. 
Those are the people that bring value to the platform. Those that have the ability to create interest in their content.
👍  
properties (23)
post_id51,762,048
authorsilentscreamer
permlinkre-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t095327679z
categorybidbots
json_metadata"{"tags": ["bidbots"], "app": "steemit/0.1"}"
created2018-06-05 09:53:30
last_update2018-06-05 09:53:30
depth5
children6
net_rshares120,318,813,575
last_payout2018-06-12 09:53:30
cashout_time1969-12-31 23:59:59
total_payout_value0.331 SBD
curator_payout_value0.061 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,546
author_reputation88,217,664,418,519
root_title"BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@silentscreamer ·
Its rather looking what bots do to the price of steem vs what you gain from delegating to bots.
properties (22)
post_id51,763,204
authorsilentscreamer
permlinkre-silentscreamer-re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t100535595z
categorybidbots
json_metadata"{"tags": ["bidbots"], "app": "steemit/0.1"}"
created2018-06-05 10:05:36
last_update2018-06-05 10:05:36
depth6
children0
net_rshares0
last_payout2018-06-12 10:05:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length95
author_reputation88,217,664,418,519
root_title"BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@stimp1024 ·
I don't hold with the quality argument, I think that's a red herring, on two counts, whilst I agree crap content can be promoted, the down vote flag is there if you need it. First count, as others have pointed out there wasn't much quality before bid bots anyway and secondly, look at that what trends on You Tube  by popular likes, is that quality content, I think not. 

You misunderstood my point about the two to three years, it was not about if those accounts were worthy to stand on their own two feet without buying votes but if by the process of using bots enough SP is distributed to allow any of the so called quality content providers to make it on this platform, my argument is that bid bots are providing that mechanism.

If you can come up with an alternative solution to distribute SP more evenly so voting by anyone can provide an incentive for quality to be more prevalent on the platform then I would welcome it with open arms. 

How has Steemit failed? I find that bizarre, the idea was rather than the model we have at the moment where you produce content on Facebook for instance  and Facebook get all of the rewards, instead you are rewarded for that content. But there was nothing in there about that content being good or of value, I would imagine most of all of the stuff on Facebook is pretty drab or crap in most peoples opinion.

Early investors were here on speculation, this coin is being used and investors can gain returns via delegation, taking away delegation payments would have a HUGE effect on the platform, this is proof of work, unfortunately not everyone has the time or inclination to do that work. Yes there will be those investors that believe in steem and would stay, but I firmly believe it would decline heavily.

Steemit is going to be the mother of crap content, that is because 95% of what humans produce is crap, there is no way to avoid that fact and no way to produce a system that could embrace everyone and eliminate crap. There is too much energy and time wasted fighting it and debating it, it is best just ignored. 

As a big investor to Steemit I care not for that crap content or the crap accounts, let them grow and increase SP, what I want is those accounts to engage, vote and use Steem, it is from those actions  in which quality content will eventually win out and prosper.
properties (22)
post_id51,771,299
authorstimp1024
permlinkre-silentscreamer-re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t112946582z
categorybidbots
json_metadata"{"app": "steemit/0.1", "tags": ["bidbots"]}"
created2018-06-05 11:29:45
last_update2018-06-05 11:29:45
depth6
children4
net_rshares0
last_payout2018-06-12 11:29:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,337
author_reputation481,085,449,966,738
root_title"BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@silentscreamer ·
$0.42
Yes. Facebook does take everything. But even on your point on flagging there is really not much you can do. Your flag is completely inneficient since you arent really flagging againts the creator. You flag againts millions of bot SP. Its like throwing pebbles at a tank. 

Quality and value is the point. Steem wins or fails on that account. Growth of the platform depends on 2 things.

1. Atracting users
2. Ability to earn.

If bots get all the SP. You cannot expect growth. 
If users cannot earn rewards (and majority of new users will almost never buy SBD to pay for bots)and the platform cannot increase its user base growth goes out the window. 

I wouldnt say 95% create crap but a lot do. But its not about only content, its about interactions and value you bring. 

But if those 5% get to trending and grow. Those 5% that are wuality creators then we all benefit. 
The outside reputation of steem rises and content is consumed more. 
How can the quality win over if it cannot be seen. Everyone thinks theyre amazing but only through consensus can that really ever be established. 
If bots dominate no consensus can exist.
👍  ,
properties (23)
post_id51,777,266
authorsilentscreamer
permlinkre-stimp1024-re-silentscreamer-re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t122434900z
categorybidbots
json_metadata"{"app": "steemit/0.1", "tags": ["bidbots"]}"
created2018-06-05 12:24:33
last_update2018-06-05 12:24:33
depth7
children3
net_rshares130,612,702,081
last_payout2018-06-12 12:24:33
cashout_time1969-12-31 23:59:59
total_payout_value0.376 SBD
curator_payout_value0.046 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,130
author_reputation88,217,664,418,519
root_title"BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@stimp1024 ·
95% was a bit of an over statement, I think just say the majority is crap, but then crap and quality for that matter is subjective.

I take your point on flagging, but that is the same argument again, no SP no influence.

No, I completely disagree, which is where I think the main crux of the argument is, you think that a small majority of quality providers benefit us all, where I think we need to get SP distributed out and in to the hands of the users who can use it and help the system grow. The truth is we need both, but I would say 80% for SP distribution and 20% for quality providers, mainly because I believe the quality providers will come in time.

I again disagree that consensus (on its own) gets you where you want to be. Also I think you need to look bigger than whats going on now, look at trending and what the really highest payment is, around $1000 ish, thats the best you can get for paying for it, when quality content comes on this platform you are going to be blown away by the earnings if this is a success, paid for content wouldn't even touch it. But it won't all be great content, a lot of crap will get huge rewards as well.

But, and its a big but, people need the voting power to do it, for us to see quality posts make 10,000 and even perhaps 100,000 or more, the vast majority need SP not the few that have it now.

So there are two ways to look at your problem, eliminate the crap content out so the good content hits trending, bad, very bad or

Enable the good content to be above all the crap by getting it rewarded far greater than buying votes can, good, very good.

I am trying to achieve it via the latter. They both achieve the same thing but the latter allows for SP distribution.

I agree on it not just being about content, interaction is key as well.

Oh and on the subject of the visibility and trending page, I think it should be changed so that no vote paid posts get into trending.
👍  
properties (23)
post_id51,783,127
authorstimp1024
permlinkre-silentscreamer-re-stimp1024-re-silentscreamer-re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t131921035z
categorybidbots
json_metadata"{"tags": ["bidbots"], "app": "steemit/0.1"}"
created2018-06-05 13:19:21
last_update2018-06-05 13:19:21
depth8
children2
net_rshares2,696,203,577
last_payout2018-06-12 13:19:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,931
author_reputation481,085,449,966,738
root_title"BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)