SBI is definitely not a bidbot, but an upvote service.
A bidbot has a specific definition and functionality. If you indiscriminately believe that every upvote service is a bidbot, you will have a very disappointing Steem experience.
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It is a bidbot even in the literally sense.
In a common bidbot the bid happens every round and the ratio of the vote equals the ratio of the bid out of the overall bid.
The same happens in SBI, except that one does not have to send each round, but sends once (which, in this aspect makes it both more blockchain economical and saves time)
However, it forces its shareholders to spam each day, and this negates some of the benefits of not having to bid each round.
For prolific active users, I assume your model is better.
I am very active, but do not feel like posting a thread each day.
I interact with people rather than post too many threads for too few readers.
We calculate member weight on a weekly basis, and then divide by member's actual posting frequency. So a member is not actually required to post every day. In fact, a user should receive the roughly the same benefit per share if they post once per week versus posting once per day.
In fact, most members with only a few shares would be better off posting less frequently. If a member posts too frequently for their share level, and does not receive much support from other sources, their SBI votes might not exceed the dust threshold.
But I understand what you are saying about bidding on the available upvote weight. I still think there is a fundamental difference, since it's an ongoing round and we use the STEEM received to increase the voting power through leased delegation. That makes it so the round cannot be 'overbid' with an immediate fixed loss like it could be with a bid bot.
In an 'overbid' situation with SBI, it would just result in a slightly lower (though still profitable) ROI until we can recover the target SP levels.
We our working on enhancements to our system that will permit us to also upvote comments (only as a release valve for members not publishing posts.) So when that is complete, people can even receive your weekly weight just from interacting with people, rather than from posting 'too many threads for too few readers'.
You use the STEEM you get to pay for delegations instead of vesting it?
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We pay for delegations as needed to maintain a target SP per share. If we are at target across all pools (currently we are not) then we vest it instead.
Why not use delegations to directly buy shares?
People that delegate to us directly receive bonus shares for it, so long as they are already enrolled in our program.
This is actually explained in our FAQ.
https://steemit.com/steembasicincome/@steembasicincome/steem-basic-income-frequently-asked-questions
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