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RE: Why Are Steemit Users Powering Down and Leaving?
Excellent perspective, @moderndayhippie. But I'm a little confused. When you say bidbots steal rewards, I'm not sure I follow that. Now, I understand that if I buy a bidbot vote first thing after posting, then that bidbot will get the lion's share of curation rewards. But, If I have 100 humans upvote me in the first two days, then I buy a bidbot vote, I get 75% of the reward from that bidbot vote and everyone else who upvoted me before the bidbot will get 25% of the bidbot's upvote. If that was $10, then $2.50 of it will be split between the curators of the post. Do I understand that correctly?
I didn't mean it from a curation perspective at all, I meant that since they buy up millions of delegated SP that is now only used for paid upvotes instead of being spread around to steemians like me who now find it to expensive to pay for it (because prices spiked with supply and demand). There is no longer enough return on renting the delegation (just to hand out bigger upvotes) unless i basically upvote all my own posts and comments, which defeats the whole purpose of buying the delegation in the first place..
Example: like everyone when i first started on steemit my upvote was worth literally nothing, but i could rent a delegation for cheap and then upvote my posts (my own post promotion) and other steemians post with a vote that actually counted. I could upvote my post just once a day and use the rest of my upvotes to curate other steemians posts and i would still break even at the end, the love was spread around and I didn't have to upvote myself 10 times a day to break even (which is basically what u need to do now if u rent delegations). This literally helped every steemian and encouraged new people to stay on the platform because they got bigger votes (without having to pay for them). It also helped me to grow my following even though i was a red fish and new to the platform.
Now all that delegated SP is bought up and sold to the highest bidder, it no longer is used to support steemians, it is used to take their earnings. Sure u may make 10 to 20 percent return sometimes but wouldn't it be better if good articles (ones that deserve it) just made more money from upvotes? No paid post promotion needed? I think so.
This has also caused the trending steemit feed to be covered in garbage and people to fly thru the profile ranks even though they dont deserve it because they have shit articles.. it has literally ruined most everything when it comes to how steemit is suppose to operate.. now some people have been on steemit only a month and have 65+ profile scores and have never wrote even one decent article, its all spam bullshit which is annoying to go thru.. this drives away the people who are actually trying to add value to the platform, and encourages people to game it which makes steemit so much worse..
Does that make sense? It is quite hard to explain now that im typing it lol.