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RE: The cloak of visibility: Bidbots and other lies
Yup, the only people profiting of bidbots are the ones making them possible through delegations and those setting them up raking in curation rewards.
The less people use them the profitable it gets, but if more people started using them no one would profit and all along the way it seems like the buyers of votes have forgotten that the pool is shared among all users so they are basically just stealing rewards from those that don't buy votes for their worthless visibility.
Like I mentioned in another article, they are playing a game to turn enough people away but retain enough to maximise their profits. It is the largest lot of nonsense I have seen here and considering who is involved, there should be some changes made.
What it really comes down to is this allows the large stake holders to delegate their SP and make profits as if they were self voting without any risk of someone coming along and calling them out for using all that power to self vote. While I have known this part I just didn't realize how much of the SP had been delegated to bots to make that much money.