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RE: Bid bots are being used not enough = maximum profit
I believe bots should be there because they are business on Steemit. I am user of bid bots but my idea was not to earn from them, I want more people to see my posts. If now we can earn with bots, even better.
I think you should start being a user of Minnowbooster do you can get a better ROI on your loans.
https://www.minnowbooster.net/market?direction=asc&sort=effective_price
If you need me to I could show you how bad your ROI is with those bot loans.
Maybe I will try that. Thanks 😀
But this is meant to lease out the SP one owns, right?
Yeah with that link you can lease your Steem Power to me.
Yeah with that link you can lease your Steem Power to me.
Just a different question, did you ever calculate what APR you get off you 100% self upvote?
I prefer to see Steemit without bid bots.
If you only send small amounts to the bid bots I don't think it will give any notable extra visibility. In your case I know you spend a bit more and make it to hot and trending. That probably provides some extra visibility. But still I wonder if it gives any significant long term effect?
Another thing I don't like on the bots is that it takes away about 1/3 of all upvotes. That's quite a lot!
And last but not least it's like the bot owners are the only ones that have the right to earn big time from it. But why's that? Those bot owners are already the rich ones.
Having said this all, I also think it's a very complex subject. So perhaps I should adjust my opinion some day. So I would be happy to have a good conversation about it.
Last but not least, as economist I would advise you to use the bid bots in such a way that you have the best benefit from an economic perspective. In your case that ask a different approach compared to what I did (because I spend a fraction of what you do). If you like I can think about good strategies for using bid bots with spending big amounts?
You said this "Another thing I don't like on the bots is that it takes away about 1/3 of all upvotes. That's quite a lot!" and look at the stats:
I assume you mean that my 1/3 seems to be incorrect? Cause the data shows about 1%.
If so, this data shows the actual number of upvotes. It doesn't show the total value of these upvotes. And this value was closer to 30%. I tried to find a post to back this up, but couldn't find it so quickly. Let me come back to you when I find it.
Yea, I thought that. Even if they are 30%, I am ok with that.
Guess you're also okay with me trying to financially benefit from them?
Btw @smartsteem is right now not being used and waiting for any bid. Which means of it stay like this you can send 100 SBD or even 125 SBD and have at least 25% profit.
Of course. Bots can be business only if they are financially viable. Thanks 😀