You are viewing a single comment's thread from:
RE: Why Rewards Have to Change... (Fair warning, this is a long one)
I still find it hilarious that people actually pay for votes and tell themselves that they're getting promotion out of it. Aside from the handful of people that bother reading anything here... who are they promoting to? It's most more cost effective and reaches a much wider to audience to just make the same post on Medium and Facebook market it for about $10 bucks. If promotion is what people were really looking for, they wouldn't be using bidbots, but it looks it's going to come to an end one way or another as the price of STEEM gets closer to zero. Time will tell.
It's not just authors though, almost all dApp creators make use of bid-bots to gain visibility for their announcements. The bid-bots essentially created a type of competition for attention on Steemit. From the author's end, bid-bots offer ROI, although it is very unpredictable.
Have you looked at how promotion works on PALnet? This has been a pull request for Steemit for almost 2 years. Actual guaranteed promotion could be had in a way that benefits the platform, but whales that controls the witnesses don't want that, they'd rather sell votes.