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RE: Crush the Bid: Rethinking bidding bots

in #steem7 years ago

I'm not sure its as much of a cash cow as it seems. Only the SP delegation sellers are making big money I think. @themarkymark says @buildawhale has an 850 dollar upvote and he pays 8500 dollars per day for it, well that just happens to be right at 100% of the upvote (without taking SBD pricing into consideration).

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Even if @themarkymark is paying out 100% of the SBD received to delegators, he is still making money. What happens to the curation rewards earned by @buildawhale?

The bot owners can set the payout % and announce what it will be. @themarkymark could set his payout at 85% and he might lose a little voting power but it wouldn't break his business at all. It would probably improve return for the investors that stayed because smaller voting power means your number of bids to service in each round would decrease and rounds would be closer to the intended 144 minutes.

(Point 3 above is actually to create a more stable operations environment for bot operators and investors, while improving predictability for customers)