RE: Should I feel dirty for using vote bots?
I am opposed to all forms of vote selling. For several reasons really. The biggest one, and the one that seems almost ironic in light of all the claims that vote bots are "needed to help the minnows" is that vote selling services serve to increase what is already a huge wealth inequality on Steem. It is true that individual users of vote selling services can (not always, and depending on which service used) turn a small profit (keep in mind, profits are ALWAYS smaller than they seem when the vote comes in - you only get ~75% of the post payout as author reward and if the price of Steem drops while the post is in payout you can even lose money as the value of the vote you received decreases). The vote selling service itself also turns a small profit. But the lion's share of the profit from this activity goes to the largest whales on platform; they rent their steem power in the form of a delegation to the vote seller, and the vast majority of the profits generated in this practice go to paying the weekly rent on the delegation rental. Is it really helping minnows if they turn a tiny little profit but in essence participate in something that funnels their money up into the pockets of the absolute wealthiest handful of accounts on platform? What worries me the most about this is these accounts are already demonstrating that they do not have the long term best interest of the platform at heart. Taking the short term gain available from renting out their SP is attractive, I am sure, but this sort of behavior does not instill confidence in me that these whales won't bail at the first sign of trouble, dumping their Steem on the market and crashing the price. All the minnows that "boosted up" their account by some small amount of steem power will in fact see a net negative if the price of Steem crashes.
I was looking for a serious discussion and you brought it... I know I didn't feel good after the fact,(using the vote bots) and I don't see myself using them any time soon. If ever again. I do have another perspective after your comment so thank you I do appreciate it.
I seriously appreciate anyone bringing up this with an open mind. There's so much bot use going on by even the bigger accounts that it's so easy to think it's the way it is, or the only way to get anywhere. Maybe the way everything is set up, it is. That's okay. I'm not wealthy now, so I'm used to that, and the little I'd probably gain from it isn't worth my time, and won't make me wealthy any time soon. :)
Thanks for adding to the conversation. I need to have a open mind... I'm new to the platform and am learning every moment I'm here. Plus, a closed mind is a breeding ground for ignorance. thanks again and take care @glenalbrethsen
I can't agree with you anymore if I'd written what you did myself. :)
I could understand the argument for advertising—if a bot actually put the post in front of more eyes. It doesn't really, though, not without a substantial bid. It could push it up the trending page a little in a lesser used tag, but that's about it. Someone would still have to scroll for it, again, unless it was substantial. Then you're hoping others are actually looking on the trending pages in the tags for content, which I do on a occasion, but that's not very often.
Beyond all of what you talked about, which believe me is bad enough, there's more: reputation skewing—for the user and the bot—value skewing—since people will think the post is worth a lot more than it will ever net—and curation hacking—since a lot of the bots are programmed to vote at the optimum time for curation rewards, the human curator will be locked out.
So, yeah. Bots create more problems than they solve as far as I'm concerned, which makes them a poor workaround.
Yes, as I mentioned there are many reasons I don't support vote selling, you covered a few more of them. I just focused on what I see as the biggest / most harmful to the platform.
I figured I'd just go ahead and mention them for the good of the order, but I agree, you hit the biggest issue. So, I'll ask this. How can we break the illusion that new users need to use the bots, so that they don't just hand over their rewards to the bot makers? Other than trying to educate people about bots, I've not heard any other solutions. Trying to convince a bot maker to stand down while they're profiting doesn't seem like a likely scenario. Is there something else that can be done?