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RE: [ Housekeeping ] Internet gurus, bidbots and fortunes lost

in #steem7 years ago

Though some bidbots' users care about the quality of their posts, many others don't, customers of the majority of bidbots' users are not the community and have never been. Bidbots and their users are customers of each other. Give me some cash and I will give you a share of the reward pool, it is a typical win-win situation. The Posts are not even products to be rewarded for, rather means to initiate the deal, same as a phone call or an e-mail.

Let us be frank @tarazkp, this is how Steemit works. There is a reward pool that is already ripe for harvesting, Steemians with higher investments have the upper hand when it comes to reward pool distribution and they have chosen to run bidbots, or to vote for witnesses who run them.

In order to make peace with this take Steemit as new online business model rather than community-based social media.

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The Posts are not even products to be rewarded for, rather means to initiate the deal, same as a phone call or an e-mail.

Yep, as I have said many times '...' would be enough to vote on.

In order to make peace with this take Steemit as new online business model rather than community-based social media.

Maybe at the moment but it isn't sustainable long-term.

would be enough to vote on.

Exactly, if they had another option they wouldn't have to write posts at all. :) :)

Maybe at the moment but it isn't sustainable long-term.

If you have time, please let me know how?

just running out with my daughter so will get back to it later :)

If there is no content and bidbot only it becomes an auction site where the highest bidders win while those with stake sell their votes. The stakeholders grow faster than the distribution does, the bids keep increasing larger and larger until there is a very high bid for a very large vote and then, collapse. It ramps up until it can't survive as a system. Of course, it won't get that far because the token would crash to zero before that since it has become useless.