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RE: Absolute beginner's primer on bid bots
That's a wonderful beginners guide.
Though I have been "cheated" by bid bots by not getting the desirable results especially when the price of SBD was sky rocketing...
I have decided not to use bid bots again for two reasons.
- Its not Proof of Brain as suggested in Steem White Paper - its proof of business
- This distorts the reward pool massively - I have seen people sending bids of like 200 SBD, and overnight they gain quite a decent reputation score... Which in fact is total fallacy..
I know there are massive whales who support bid bots - may be because they are delegating SP for fixed fees and percentage share of the business, but I wont mess with them :)
Proof of Bot owner's and SP delegator's brain : perhaps that's how it is ?