Try to look at it with a different perspective. If you view Uber as an investment, it's economic suicide. But Uber has made the world a better place. @jerrybanfield isn't using the rewards for his personal use. He's trying to spread awareness about steemit and other proposals that try to bring value to steemit. Even many people in the crypto-sphere are unaware of steemit. So I think what Jerry is doing is a great thing.
It's simply not the best way for you to make money. If you think of the whole project as a low-profit charity instead of investment, things would actually look pretty nice.
Existence of bid-bots is a completely different topic and there are many bots on steemit already. All I'm saying is to look at what @jerrybanfield is doing from a different perspective. He's not actively trying to do anything malicious or forcing anybody to do anything. So let it run.
Bunch ofads on internet with low ROI is still better than having nothing at all woth zero ROI as long as funds are acquired without violating the NAP.
Happy steeming!