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whales can deprive him of the author's rewards by flags

Yup!

They can!

But will they?

Will they risk their profits?

Which makes me ask again: why does Steemit tolerate bots at all ? I mean, I know some bots could be useful if well programmed by why tolerate bots that mess with the very heart of the community by manipulating rewards ?

I think because we as a community tolerate them.
The people that are using steemit daily have the most power and they like those bots, I don't really see that many people complain about them.

I will be honest though, I'm using some upvote bots too, in hope of being noticed :P

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