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RE: What would Steemit look like if everyone chose to delegate their stake to a bid-bot?
Are whale groups any better than bid bots? With bid bots at least minnows stand a chance to promote a post. And whale groups are simply self proclaimed authorities on a blockchain that was developed to prevent authorities.
The answer is, they both aren't good :). Bid bot traffic I think gave somewhat higher variety than when I saw it dominated by whale circle jerks. So what is desirable? Why, trending that actually means trending! Real people, real engagement. I'm sure someone should be able to gather signals to create a better trending based on a combination of signals such as resteem, comment, vote value, and etc. Maybe it can be learned, and the community can rate how good trending is. Damnit I need to go read up on machine learning systems....
If machine can learn it to differentiate, human will certainly learn how to exploit what machine has learnt :)
It is continuous battle, but it is better than nothing.
Well together they don't consume as much of the reward pool, and this is a 'proof of stake' game we are in. While I don't self-vote, I can't blame people for doing so to a point. Buying votes for average content that is seen by new visitors, makes the place look ridiculous at times.
I agree about poor content. But what about a case where I spent at least 8 hours capturing and editing tutorial videos, spent 4 euros on transactions for it. Is it justifiable to promote such post with bid bots to get some visibility? Of course my 80 cents didn't do much, but I did try to get best bargain for every penny.
My author rewards from bidbots are profitable but are miles away from what I spent to produce this content.
Clearly you aren't going to have much of a negative effect on the rewards pool, or gain much more visibility with those bids, and on this scale there is an arguement that a boost into 'Hot' for your chosen tags is reasonable.
The problem arises when everyone is at it, 24 hours a day, across 100+ Bots, which has been the case since late last year. Large stakes have moved away from curation to these bots, and this is continuing to be the case.
If you are into video tutorials, have a go with utopian-io and look at anything open source. Dtube prefer people over screen capture imo.
Good luck!