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RE: What would Steemit look like if everyone chose to delegate their stake to a bid-bot?

in #steemit7 years ago

We have a system that could be looked at, in my opinion spam accounts are a much bigger problem than bid bots. I don't mind bid bots, if you do your research on them at all, at best you can make slight gains over time, and most likely lose money in the long haul, as of right now. The bid bots are what they say they are, a carnival game that some people win, more people lose, and the house always wins. The bots are very appealing when you capture gains, but then you continue to use them and lose these gains on two bots that are rigged at that unlucky time of bidding. Can I ask also what is the difference between leasing steem or using a bid bot?

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It's not about winning or losing as far as ROI with your Bid - It's about the % of the rewards pool that is shared by all being taken by the delegators and owners. Further to that, curation of quality content has disappeared as people have delegated to BB's.

The platform cannot continue forever with this model.