RE: A Day In The Life: a short animation
The thing is big guys who invested for a long period of time want to get their profits.
And I can understand that. Why would they invest then in the first place.
And one of the best ways to get profits is to make autobots for voting. So their voting power will be utilised to almost 100%.
They are the support and the curse of the platform at the same time.
They leave - price goes down.
They stay - they keep getting profits.
It's not the problem of people who buys the votes because there are millions of them and you can't tell to everyone not to use it lol.
First of all, the platform can fix one thing with spam - cut the maximum of posts that newcomers can make per day. They can still post but only 1-2 articles. And maybe 50-100 comments before they get to the higher rating.
Spam Bots won't be able to do shit and also won't be able to spam 10 shit articles per day.
Oh yeah, I have always supported the post limit. It would be the killer for those that spam.
I don't really but into the investors needing to make a return though. That is a picture painted by investors so as to legitimise their antics.
Steem is a cryptocurrency. When you invest in a cryptocurrency you invest in something that you expect to appreciate in value. That is your return. To them go on a platform that utilises steem as it's payment mechanism and expect a further return is a bit greedy. But that is solely my opinion.
Did you know for example that most bid bots are funded by large whales who did not invest any actual money?
Not sure, I thought they just bought steem at the beginning or bought delegations later so they get some % in return.
Ah well, it is a veritable rabbit hole. The top six or seven I think it is bid bots rent out their delegations from pretty much one whale and that whale was one of the original steem pre-miners therefore didnt buy a bean.
It's not about getting a reasonable ROI for most it's about getting money which I dont have a problem with. ITs steemit that is why most are here. But I do hate the narrative that is painted to justify it when it isnt actually true.
The people using the bidbots to get exposure are actually facilitating the very system that denies them views and votes for free.
I am sure it will all change though. That is why we have the beta tag.
Also dont you hate the fact that most if not all bid bots actually offer a negative ROI? How cheeky is that, lol!
Yeah, it's all about profit. I tried different ones and got a reasonable profit because I bought at the right time (Together with some small boost to reputation). But that works only for people who understand where the market is about to go.
The fact that most of them give less than you pay is a super scam! And still, people buy - that I don't understand. They don't get anything in return (Only reputation).
Probably there will be some super changes in the future.
Fingers crossed!
Well done if you managed to make a profit! I thought it was near impossible these days. Then again, maybe less are using them with the lower price etc?