That doesn't work either, all you have to do is submit one good post and be approved, then you are free to shit post. The post doesn't even have to be authentic, just pass the approval process. The solution is to police every link.
I'm already losing money paying everything I make back to pay rent, there is no way I can manage that nightmare of a problem.
That's a flawed moderation system. How about: only accounts that are over a month old, have rep above 25 (haven't fucked anything up in a month) and have an introduction / verification post. Hell, steem.global asks for a selfie in a comment thread to prevent abuse of the faucet. Asking for users to register and have some kind of proof of consistency in quality isn't much to ask for.
Then why are you still doing the bidbot? Sounds like time to cut losses and move on to a better business model.
It offers a valuable service to new users who are struggling. We also offer a lot more than just a bid bot.
Who actually buys that line? Wouldn't honest curation being managed with delegated SP provide 100X the benefit, encouragment, direction and oversight??
Buying bids only provides an endorphin service to struggling new users. Minnowbooster is good if used by honest content creators because it gives an ROI that is calculable(115%+) AND all the added visibility benefits(on those rare occations it moves a post up into visibility).
I contrast, 90% of the time bid bots have you breaking even or losing on an immediate ROI.
Coming from someone who says they don't use bid bots, I find this questionable.
These are my bid windows, every time a window is below $130 people make money, even after curation rewards. Every time it is below $125 or so, I lose money due and can't cover my weekly rent. So yeah, your 90% number is a number you pulled out of your ass. Factor in I have a lot of voters that come around prior to our vote adds, even more, votes and more ROI that is hard to measure. So the break-even for end users is even lower. Factor in we provide a big exposure boost with our daily Curation Digest and even additional votes to quality content, and we also give away $100+ votes in the Author of the Day program for our favorite content, the ROI is further increased to the end users favor.
How's that for transparency?
The "instant ROI" is the entitlement attitude that is popular on Steemit. Do you get any ROI from Promote? People pay upwards of $300 to get on the promoted page, with $0 return back. Most people on promoted never come close to breaking even for how much they spend to promote a post. Why do you think sending $10 to one person should get you $20 back? Bots are not cash machines, they are promotion tools.
Wait, Minnowbooster gives add visibility benefits but other bots don't? I think my users would beg to differ.
Still havent even tried to respond to this: "Wouldn't honest curation being managed with delegated SP provide 100X the benefit, encouragment, direction and oversight??"
Because you know it is true.
"Wait, Minnowbooster gives add visibility benefits but other bots don't?"
Again, selectively choosing to see and respond to what you want to respond to, not to what I actually said: "(on those rare occations it moves a post up into visibility)"
No, I don't know it to be true, but it isn't an easy answer. Who do you pick to do it, how do you police it? It's a complicated issue without a simple answer. It is also not the only solution nor something that has to happen in isolation. Not to mention your asking people to give up stake they paid for with no benefit to them. Not going to happen.
I responded to everything, I just left out the top section which I just responded to because I felt it wasn't a simple answer and it is under the assumption people will give up millions of dollars with of stake for some people to use as they see fit with no return on investment. Sure it sounds nice, but it also sounds like "never going to happen". So I figured I'd answer what I can.
The SP interest still accrues in their favor on the delegated SP. Not every delegation will result in 100% good results, but it will be better than the situation now with significant abuse of the vote bots. The delegations can be for 30days to discourage abuse.... ONE TIME IN 30 DAYS THE DELEGATOR NEEDS TO CHECK ON THE DELEGETEE's use. Not too hard for them to do.
The payout is in the price of steem going up because new users will have a greater shot of getting noticed when they produce good content....word of mouth, equals more users and more investment in Steem.
Never going to happen? Why? It is already happening, only on a micro scale. @aggroed regularly delegates 100's and 1000's of SP to Steemians he trusts.
And if you are saying the truth, you are running an operation that is losing you money, but you are doing it then.....why? Because according to you, no whale would be benevolent and not seek an immediate return on their investment. You are contradicting yourself or something.
And most big whales (those that have been here 12 mo or more) HAVE ALREADY made a 50% or 100% or more ROI. They are not hurting. And they can make their biggest ROI yet by investing in the platform(the users) with the benefit of STEEM being valued more and rising in price. To $2, $4 or even $10 per STEEM.