You are viewing a single comment's thread from:
RE: Well, that escalated quickly: HF 21/22 and bidbots
Why not limit the use of bidbots to (for example):
- a max of 2 bots per post?
- and a max amount of 10 Steem per post?
Why not limit the use of bidbots to (for example):
This is the best suggestion among all the comments here. I always thought if we will limit posts in steem in term of earning, it will be good. For example not more than $100 a post. For regular people who join steem and see those big numbers, they just don't believe that earning is possible at all. Also we will have less inflation that way. And if someone want to spend some money to promote his things, he will do his best to write quality post. Because if the earning will be limited, when he/she lose something from downvotes, he will not be able to add more money to that post. In this situation, all who are using bots, they will do their best to promote only quality posts.
I hope in the next hard fork, they will do something about that. We need to care a lot about the trending page. You can say, that's the face of steem. When someone outside of steem, take a look at steemit or any application, he/she should see our best content, but not the content that's promoted. We have so many good content creators who are not visible to the community at all.
Only this way steem price will grow and everyone will be happy about it !
Some time ago I proposed the Huey Long algorithm: posts should attain a minimum of 3% of the median payout, and none should exceed 300% of the median. Prior to HF21 the average payout was over 15 times the median, mostly due to botting versus organic.
The median seems to encourage creators, but is far too low to attract profiteers, at .04 SBD presently. As massively overpaid posts decline, the median will rise, until presumably the median and average approach parity. In the process, profiteering is essentially demonetized, enabling curation for qualitative reasons to overwhelm curation for financial reward.
Huey Long was assassinated when his proposals began to generate great interest during the Great Depression. I'd rather just be flagged, so if folks wanna silence me, flag away.
I honestly hate bidbots but I could live with that compromise... Great idea friend!