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RE: Watch Out! Massive Losses Seen on Upvote Bots

in #scamwatch7 years ago

Love this sort of content.

Misinformation and bot gamification coming together to create one big mess!

BTW, please do not put the images as a slideshow. It was annoying having to constantly click "Back" when the image switched before I was done with it.

Of course, even with the bots that give exactly 100% back, only the bot-maker actually "wins", the bidder gains visibility, but not money.

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It's the only time I've ever used the slideshow feature - there were just too many images to include in the main post.

Glad you liked the content. I have more stuff that's similar.

I'd recommend linking to an imgur album :)

This already has been investigated by @smartsteem and it seems like those guys who send in more SBD than the bot gives out are abusing "front runners". Essentially, some upvote bots have this group of people who would upvote the post before the bot itself upvotes. These "front runners" for that particular bot has a combined vote of $50 and they would vote based of detection SBD transfer to the bot. So the step to abuse it is pretty simple:

  1. Send in more money than the bot can provide
  2. The bot refunds your money
  3. Get $50 upvote without actually spending any SBD
  4. Transfer the same amount of SBD to your friends and repeat

The negative return is actually not real since the bot did not vote, therefore its voting power remains untouched. It's because Yabapmatt has to do a history grab on the blockchain instead of using a provided API from the bot. This creates inaccurate estimation of ROI. Yabapmatt explained this himself so whoever votes during that time period actually makes more money because more people back off out of that time frame.

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