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

in #steem7 years ago

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.