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RE: The Reward Pool for Morons - It's a Bid Bot Stupid!

in #steemabuse6 years ago

At first I didn't understand what you meant by "The reward pool is a bid bot", but then I read this:

So 48,000 Steem created each day. That's the Giant Steem Bid Bot's payout.... Like Buildawhale's $800 payout. It is finite.

So the value of the reward pool is distributed based on the value of votes each post and comment receives. Except there is one very big difference... you don't have to PAY to receive that reward, you just need to have upvotes, presumably because of your quality content.

The point to take away from this, that I didn't understant at first, is that the Reward Pool is Finite. People are treating steemit like the Federal Government, as if the treasury unlimited. But there are very real consequences to abusing the reward pool - it's very profitable for those who abuse it, while it's theft for those loosing out on rewards.

I am not a fan of @berniesanders, but I would NEVER vote for @haejin. What's he's doing is despicable and their's not much anyone can do about it. @ironshield

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