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RE: Do ALL BIDBOTS Actually Make You LOSE Money? Why Are 50/50 Payouts Not Paid In 50% SBD/50% SBD Worth Of STEEM?
Yes, and where it is set to make the poor poorer and the rich richer is they (bot owners) get it all in SBD, undiluted with the heavy cut taking place in SP. Then they get gravy in curation rewards, lol. This is why it is so profitable for many to delegate their SP to the bots. I saw some breakdowns yesterday showing an average of 36% return on investing in some of the bots. Then they wonder why curation from high SP accounts keeps going down.
It is still not popular yet, but there is a new tag being used called nobidbot. I am hopeful it takes as it offers a way for us to bypass the Hot and Trending feeds to look for quality work not there just due to large votes purchased.
Also, the fact that any votes under .02 doesn't pay out is an important detail i didnt know about... until recently. :/ i would have waited to get back up to 100 percent voting power much sooner, if i had known that. It took me well over a month to finally get to 100 percent.
Yeah, about a month ago I was running as low as 45% and had to step away for a few days.
check this out
https://steemit.com/steemit/@kafkanarchy84/smts-oracles-and-account-based-voting-ned-s-asia-tour-easter-egg
My initial feeling on this is that it will exacerbate the already existing issues. It will create a secondary group that will be in charge of communities for the common user to contend with on top of the already existing whale votes. This will result in those who are in the in group to get the highest ratings within those communities, those who do not do the necessary ass kissing will likely more often than not be found of lesser quality or to have no quality.
I am going to write up a piece on all of this soon. Thanks for calling my attention to the video.
https://steemit.com/community/@dustsweeper/ann-introducing-dustsweeper-a-new-service-to-turn-dust-into-profit
That's an excellent idea! Maybe ill try that too. If its the way it seems to be, education is the answer. I guarantee most people using the bots, or even those not using, dont realize the full scope of this.
The flagging wars also eat up votes, so those are off the table. If i wanted to be conspiratorial, i might suggest haijen is a plant to make people think bidding on the bots are profitable. I won't go that far yet, but its interesting to me why he is doing it at all, or if he is doing it for far less profit than it looks like.
The circle jerk is by far the most profitable... besides being a bot investor or a bid bot.
I really wish they would make communities, as that would solve aot of issues i think, organize the clutter, so to speak.
I wish i knew what it was like before the bidbots. Was it almost impossible then for a plankton or minnows to get a whale vote, too?
and the payouts have got to be fixed... i could convert money straight to steem, or invest in my own post and lose a large portion of it.
so basically ... what it comes down to is, by investing my own money using the bid bots, I am paying steemit for the privilege of posting here, and not the other way around.