What happens to that liquid Steem after it is used to promote? It is probably sold. So the effect on the market is probably around neutral.
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What happens to that liquid Steem after it is used to promote? It is probably sold. So the effect on the market is probably around neutral.
That would be the case if the bot is working with a negative yield, who would use that? You're clearly off the rails with that argument.
I did not understand that sentence.
The way I see it, customer buys a vote from the bot, bot gets the fee as a liquid payment, passes it on to the delegators who will often, though not always, sell it as a source of passive income. (It is certainly possible in an individual case that they aren't selling and are accumulating Steem, but if that were happening on a broad scale, we'd see a very different Steem price.)