If you were vested with 2,000 SP three months you had an upvote worth nearly 1.00 SP, now it is worth around .25 SP, a 75% loss in vested wealth.
The claims on the rewards pool has grown exponentially. Bidbots add more claims without more SP invested, just delegated. The very small amount of SP brought into the space to bid on bots, is significantly countered by the expansion of claims.
Check it out, the code and delegations, it is open source and open to all.
Many delegations have changed from non-profts to bots.
https://steemit.com/steemit/@bycoleman/where-are-the-millions-of-usd-in-sp-being-delegated-to-by-the-largest-stake-holders-top-100-revealed
I agree, vote sellers need to be a part of the solution, I have some ideas to bring to the vote sellers that I believe can make a substantial difference without killing their bottom line.
Blessings!
I agree, vote sellers need to be a part of the solution, I have some ideas to bring to the vote sellers that I believe can make a substantial difference without killing their bottom line.
I don't comprehend your position. Why it's ok for this bot to create a focus around getting rid of bid buying when both the buyer and the seller are equally responsible for the situation. I hear you say don't hurt the seller... but what about the buyers... hurting their bottom line is ok? And getting rid of buying will infact hurt the bottom line of sellers?
I think you have identified a problem, but before trying to implement solutions, my opinion is that, we need to fully understand the market conditions that are driving this behavior and change the system. Shaming people will not work.
transparencybot is not making judgment calls just posting stats. This is simple transparency at its core.
@mulletwang I wholeheartedly agree.
The wealth behind your SP hasn't changed. It is just that your vote is now being held to its true value. That is because before there was a large portion of unused SP inflating the value of your SP's vote. Now that this SP can be more easily used the result is SP being activated and utilizing it's full voting potential that was being squandered before.
Once bid bots have become a standard, which is fast approaching, then they will be providing an economic incentive to holding Steem as they will give an easy way for new users to get in the loop. The loop that was formerly held to small groups self voting themselves up and retaining the benefits of holding SP to a small subsection of the platform before.
I guess we'll find out. Problem is if you are wrong, we all lose. If your right we all lose, there will be no quality, all will be lost. Easy money never works.
I do appreciate the feedback.
Blessings!
We are fine either way. Content isn't being produced just for the rewards otherwise Facebook wouldn't have any valuable content. Good content is a part of a strong community and that is something that just needs to build with addition of new thinkers and publishers.