Viewing a response to: @silentscreamer/re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180603t120145218z
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.
post_id | 51,755,885 |
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author | stimp1024 |
permlink | re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t085214303z |
category | bidbots |
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root_title | "BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!" |
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silentscreamer | 0 | 2,660,727,214 | 100% | ||
acrobot | 0 | 637,773,561 | 100% |
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.
post_id | 51,762,048 |
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author | silentscreamer |
permlink | re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t095327679z |
category | bidbots |
json_metadata | "{"tags": ["bidbots"], "app": "steemit/0.1"}" |
created | 2018-06-05 09:53:30 |
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root_title | "BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!" |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
stimp1024 | 0 | 120,318,813,575 | 20% |
Its rather looking what bots do to the price of steem vs what you gain from delegating to bots.
post_id | 51,763,204 |
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author | silentscreamer |
permlink | re-silentscreamer-re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t100535595z |
category | bidbots |
json_metadata | "{"tags": ["bidbots"], "app": "steemit/0.1"}" |
created | 2018-06-05 10:05:36 |
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root_title | "BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!" |
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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.
post_id | 51,771,299 |
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author | stimp1024 |
permlink | re-silentscreamer-re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t112946582z |
category | bidbots |
json_metadata | "{"app": "steemit/0.1", "tags": ["bidbots"]}" |
created | 2018-06-05 11:29:45 |
last_update | 2018-06-05 11:29:45 |
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root_title | "BidBots - THEY DO NOT DRAIN THE STEEM REWARDPOOL!" |
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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.
post_id | 51,777,266 |
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author | silentscreamer |
permlink | re-stimp1024-re-silentscreamer-re-stimp1024-re-silentscreamer-re-whatsup-re-meno-re-fyrstikken-bidbots-they-do-not-drain-the-steem-rewardpool-20180605t122434900z |
category | bidbots |
json_metadata | "{"app": "steemit/0.1", "tags": ["bidbots"]}" |
created | 2018-06-05 12:24:33 |
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voter | weight | wgt% | rshares | pct | time |
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stimp1024 | 0 | 114,535,120,709 | 20% | ||
meno | 0 | 16,077,581,372 | 48% |