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RE: All About Bid Bots And Front Running

in #steem7 years ago

Promoting voting bots promotes counterfeit steem production and is generally a deal breaker for my witness support. The counterfeiting issue is covered in a recent blog post of mine; presented here for your reading pleasure...

https://steemit.com/steem-network/@novacadian/where-is-the-trust-in-proof-of-brain-mining

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ah if you watched the video I specifically said this is in no way support of bid bots, but rather educational for those who use them

I agree with you but they have been baked in as the form of advertising here.

It will only take the design of a decentralized anonymous CAPCHA to change that and the will of witnesses to make that happen. Throwung up your hands and saying it is baked in sounds lacking in leadership on this issue to me.

I unlike most witnesses don't have a bid bot. Many of them support and own bid bots. I am not for nor against. It's not an excuse it's a fact. It is anarchy and proof of stake. I definitely would like to see better filtering no doubt. But we can't enforce policy to regulate as that isn't decentralization. We need a better way to go about this. My explanation of something (good or bad) for purposes of education on Steem is a positive contribution to knowledge.

I am not for nor against.

So let's imagine that a decentralized anonymous CAPCHA was released tomorrow and added to the next fork for witness approval and you were in the sacred 20 would you vote for, against or abstain for the fork with a CAPCHA option which would make bots non-functional.?

I would vote for given it provided a viable solution. Like would every transaction have a capcha? Would that impede more than it would help?

Cool. My vision is that should such a CAPCHA be designed then upvotes using it would designate greater rewards than those that did not. Thanks for your feedback Scott.

Makes sense although I doubt having it so that only if you type a capcha you earn more and if you don't you earn less as being a fair and reasonable solution. It may have to be less biased.