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RE: Bid-Bots - Also Known As "Vote Buying". What does it mean for steem?

in #informationwar6 years ago (edited)

EDIT: This was intended towards @ura-soul's reference to @steemit so my comment below is not exactly relevant. I'll leave it for historical purposes.

I don't know that @paulag's intention was to prove the problem but she did.

So with only 1 full 100% vote a day from @steemit would reduce my vote worth by 1.54%

If we update this to include 10 votes from @steemit the change in my daily vote worth can be seen below.

15% is a substantial and noticeable different on a vote value. However this is assuming that @steemit only started voting now.

That is her using @steemit as the example.

First the bid-bots tend to be maximized so they can support as many votes as they can (more than 10 but trying to stay within the 10 @ 100% total range).

That is one bid bot.

There are many bid bots. There are also other automated bots.

So the impact may SEEM small if you look at one and you decide 1.54% or 15% are insignificant.

Then when you factor in more and more bidbots, then this begins to accelerate and get worse.

This is what would be expected in looking at it in the long term.

If only ONE account were doing this there likely wouldn't be as much of an attention to it.