All About Bid Bots And Front Running
Originally I was going to post this on @DTube or @Dlive but there must be a size or duration limit I am unaware of :/
In this video I dive into bid bots and how to front run bid bots.
To start off, navigate over to https://steembottracker.com then there is a ton more I explain in the video.
If you prefer reading I've made two posts in the past about bid bots and front running bid bots below:
https://steemit.com/steemit/@scottcbusiness/if-you-re-going-to-use-bid-bots-do-it-right
https://steemit.com/steemit/@scottcbusiness/front-running-bid-bots-on-steembot-tracker-earning-more
Also shoutout to @yabapmatt for making Steembot Tracker!
Every Week I Do A Giveaway
For all my posts, I collect the resteems, comments, and upvotes made on my posts the last week and use a https://snackaholic.github.io/steemfortune/en/ by @snackaholic to determine the 3 winners who receive 0.5 SBD each and announce it on the next post! I also send out 0.001 monthly to my followers with a small bulletin update. By following me you opt-in to receiving it!
Last post here: https://steemit.com/giveaway/@scottcbusiness/weekly-post-engagement-giveaways
Earn Free Coins With Minimal Effort
💰 Also be sure to sign up on https://www.mannabase.com/?ref=9d27bc9475 for free payouts every 5 days of their coin $MANNA as part of their nonprofit universal basic income project!
Social Media And Contact Info
🙌 You can also follow me on:
Twitter - https://twitter.com/Scottcbusiness
Facebook - https://www.facebook.com/ScottCBusiness
Instagram - https://www.instagram.com/scottcbusiness
LinkedIn - https://ca.linkedin.com/in//scottcbusiness
Steemit - https://steemit.com/@scottcbusiness
Discord - ScottCBusiness#5242
Minds - https://www.minds.com/scottcbusiness
Witnessing On $STEEM
If you believe in me as a witness kindly vote for me by going to https://steemit.com/~witnesses and voting for me at the bottom by typing in my username ‘scottcbusiness’ or click on the link below
Vote for @scottcbusiness
Click the above text to vote for me!
Witness Communications Assembly
An initiative to improve transparency, communications, and overall trust between witnesses and the rest of the community. To start it is a discord server, but we aim to build something much bigger moving forward.
https://discord.gg/3b5jk37
[//]:# (!steemitworldmap 43.460762 lat -80.474998 long d3scr)
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Thanks for sharing clarity. Have been using bid bots for the last three months and i admit i have been a slow learner with it all. Thanks to your post i believe i have leveled up significantly. You have my vote for witness. Thanks again @scottcbusiness
thanks so much for your support and glad I could help! I have tons of helpful articles and I'm doing more videos now too
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by ScottCBusiness from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
You got a 7.08% upvote from @postpromoter courtesy of @scottcbusiness!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Promoting voting bots promotes counterfeit steem production and is generally a deal breaker for my witness support. The counterfeiting issue is covered in a recent blog post of mine; presented here for your reading pleasure...
https://steemit.com/steem-network/@novacadian/where-is-the-trust-in-proof-of-brain-mining
ah if you watched the video I specifically said this is in no way support of bid bots, but rather educational for those who use them
I agree with you but they have been baked in as the form of advertising here.
It will only take the design of a decentralized anonymous CAPCHA to change that and the will of witnesses to make that happen. Throwung up your hands and saying it is baked in sounds lacking in leadership on this issue to me.
I unlike most witnesses don't have a bid bot. Many of them support and own bid bots. I am not for nor against. It's not an excuse it's a fact. It is anarchy and proof of stake. I definitely would like to see better filtering no doubt. But we can't enforce policy to regulate as that isn't decentralization. We need a better way to go about this. My explanation of something (good or bad) for purposes of education on Steem is a positive contribution to knowledge.
So let's imagine that a decentralized anonymous CAPCHA was released tomorrow and added to the next fork for witness approval and you were in the sacred 20 would you vote for, against or abstain for the fork with a CAPCHA option which would make bots non-functional.?
I would vote for given it provided a viable solution. Like would every transaction have a capcha? Would that impede more than it would help?
Cool. My vision is that should such a CAPCHA be designed then upvotes using it would designate greater rewards than those that did not. Thanks for your feedback Scott.
Makes sense although I doubt having it so that only if you type a capcha you earn more and if you don't you earn less as being a fair and reasonable solution. It may have to be less biased.
Hi, @scottcbusiness. Is it really necessary for someone like me to resort on bid bots in order for me to make more than $1 on each post I make? I'm asking you this because not even with the amount of followers that I have, I can make as much! Cheers!!
Well see boosting a post also gets it a lot more views so assuming your post is quality you should end up with a positive ROI. The more you are willing to invest into each post generally the more you can make.
Thank you for replying! I see. So, the next question would be: Is there a way for me to bid less than $1, or does it have to be higher? By the way, what's ROI?
Rate Of Investment, so like if you bid 5$ and get an upvote of 9$ you'll get a decent ROI. There are many bid bots underneath the main ones there where you can make much smaller bids yes. You won't get much it's like if you bid 0.50 you may get a 1-1.50$ upvote. Keep in mind the payout is split up into several parts for curation and author then into sbd, steem, power.
I see. I understand that I won't be making much out of $0.50, but at least that's some boost. Thank you for the clarification!
Yeah, got to start somewhere! It will at least get you some more awareness too
:)
The goal here is if you were going to use bid bots you'd want to invest a certain amount of steem and continue using that same amount and growing it larger to continue promoting and earning more given your content is quality enough to do well with some awareness boost.
Thank you. Yes, that will definitely help me get more awareness. I appreciate the heads up!
Congratulations, Your Post Has Been Added To The Steemit Worldmap!
Author link: http://steemitworldmap.com?author=scottcbusiness
Post link: http://steemitworldmap.com?post=all-about-bid-bots-and-front-running
Want to have your post on the map too?