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

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Viewing a response to: @whatsup/re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180602t232621824z

· @silentscreamer · (edited)
$0.12
No one is telling anyone what to do with their stake. What critics are doing is pointing out the effect they think delegating to bots in such a high percentage will have on the platform and is having right now. 
You may think bots are doing a great thing to Steem, others do not agree. Those that do not agree are in majority number and minority in stake. 
Its basically a futility crusade at this point since none of us critics can do anything about it but get a flag here and there for speaking up and watch Steem crumble in the silence of our gray blog page.
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@meno ·
$0.06
>You may think bots are doing a great thing to Steem, others do not agree. Those that do not agree are in majority number and minority in stake.

I often wonder if this is true. I'm serious too, I wonder if we could effectively run a poll and find out.
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@silentscreamer ·
$0.04
I find it that it is true based on my limited interaction with the community. Thats ofc not a fool proof position but anything going forward would need to be consensus based. 
A vote. 1account/1vote... 
And not a plutoratic vote. Plutocracy is a failed system that should be recreated here if we want to sustaun steem for a long time.
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@whatsup · (edited)
$0.03
I don't think you understand the system.  The blockchain is programmed to be a stake based system.  There is no such thing as 1 person one vote here.  You can talk about it, but it will never happen. 

It could also be easily gamed, if you remember when Haejin joined he brought a bunch of level 25 minnow accounts on board that didn't power up, but rather ran around and trolled.  Surely you wouldn't want that type of person having equal stake and voice as those of us who might disagree, but are committed to the site and the community.
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@holybranches ·
if you belong to any community, test the poll there ;)
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@meno ·
I probably could, but the sample is too small... I know you can't really specify exactly what the right sample size would be in order to eliminate as much error as possible from the results, but at the same time, it might be accurate to do a poll with at least a 10% of the active accounts to get a solid idea.
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@whatsup · (edited)
lol, such drama.  :)  Which tools did you use to calculate the majority?  

Nothing is crumbling.  

But you do make a good point about sharing a view.  Best of luck.
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@silentscreamer · (edited)
$0.08
Haha. Take bot delegation to higher percentages and see what happens. We will get there very soon. . Wanna run a poll? How about a referendum?😉
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@whatsup ·
$0.05
I don't know what the majority thinks, there are a lot of people silent on the issue.  Never confuse the loudest for the majority.
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@stimp1024 ·
I don't think bid bots are doing a great thing for Steem but without them this platform would be dead. The problem is not the bid bots, it is the uneven distribution of Steem Power, 95% of the votes on this platform have very little or no monetary value whatsoever. 

Bid bots and paid delegation keep the investment going in this platform and attract future investment, this investment needs a return. Give it 3 to 4 years when there will be many more accounts with 1000+ SP then I think the system will begin to right itself, I do think bid bots will be needed during this transition period to achieve this. We also need someone famous to come on to Steem, then we need to support them fully.  I agree with @whatsup in that most accounts with investment are unlikely to participate in voting and curation. 

If bid bot usage allows accounts to grow and redistribute SP, by actively engaging in voting and curating, then this is one way of using that delegated SP for the organic growth of Steem that otherwise would not happen. 

So my belief is that if delegating and vote buying was removed the vast majority of the SP holdings from those that delegate would be removed from the platform and the Steem price would plummet, leading to the decline in Steem. At least this delegation and vote buying allows others to utilise this SP for the good of Steemit.
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@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.
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@silentscreamer ·
Its rather looking what bots do to the price of steem vs what you gain from delegating to bots.
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@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.
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