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RE: 6 Years On | Did Banning Bid Bots Help?

in #hive4 months ago

I'm against bid bots. If you just want to make money then buy HBD and let it grow. I know that most of us post here for the rewards and there is little to no quality content but there is no incentive for writing quality content. You get a few votes on day one and then the post disappears.

I though that leo were going to take on this issue with ads and evergreen rewards for bringing in views which would be a reason to write good content and advertise it on other platforms but they didn't follow through. It's a pity since you could attract more writers with a real business model where they earn revenue from the views that their content brings in so there is a reason to try and promote it.

Autovotes remove all need to put in effort after you get a few backers and you can just post daily and watch the account grow.

Personally I would get rid of the rewards altogether on layer one, create a stake to earn hive system like every other chain and keep rewards solely on the second layer with easy to create SMT like tokens.

People could earn a nice 10% APR on their hive without all the voting issues and flagging issues. Each community could moderate their content by themselves and with inbuilt ads and revenue to back these layer two tokens you could have a healthy market with actual demand for them.

For me it's no to bid bots, no to autovotes and no to self votes. They are all a negative in my opinion.

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The incentive to post better content back then was you knew you were going to be paying for a big upvote and lots of people would see it.

LEOfinance has alot of good ideas but fails to execute them properly.

It would be very interesting to remove the reward pool, move it to a second layer run by SMTs. That would be the best case in my mind when I think about it for a minute.