RE: Huge Loss in Whale Power: A 6+ Month View: Distribution Is Really Changing!!!! Facts On Paid Bots Too!!!!

[fitzgibbon]

Hmm, I' ve just read two posts by @penguinpablo:

1. https://steemit.com/steemit/@penguinpablo/how-much-sbd-and-steem-is-sent-to-the-voting-bots-per-day

How come the bots are taking $22,442.70 out of the reward pool per day, but there's about $100,000.00 invested in those bots daily? It doesn't make sense to me that Steemians would structurally invest in things that have a huge negative ROI... What am I missing?

1. https://steemit.com/steemit/@penguinpablo/how-many-of-the-upvotes-are-done-by-paid-voting-bots

The "only 1.7% of the votes is done by bots" seems unweighted. I don't think a 100% vote from someone with 15SP and someone with 150.000SP are the same thing...

Now I remember why I don't follow @penguinpablo anymore, usually after reading his posts, I have more questions than answers...

Comments

[taskmaster4450]

I cant speak for the research, but to the point of a 15 SP very 150SP is taken into account. The 1.7% is using the total number. You are right to point out there the weight is not the same. So while the total number might be low, when you look at the actually voting weight, it could have a much greater impact.

[markrmorrisjr]

you did speak for the research when you posted this and used it to paint a picture of the reality of upvote bots. But, you're missing a lot of information in your assessment.