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RE: Crush the Bid: Rethinking bidding bots
I don't think it's just greed. I think there's an element of gamification to it too. However, it's much easier to win the game when the price of Steem keeps increasing -- as @theinsideout mentioned above. I just wish more people who use the bots would take the time to understand them. Since that's not likely to happen, I agree we should have some rules in place to protect the community.