My opinion of Bid Bots is that they are a field leveler.
People might argue against that...... but the money you put in is the money that you get back. Rarely do you come out ahead. This money is actually being invested back into the pool instead of just being pulled straight out.
Now what do I mean when I say that it's a field leveler? Well there is one thing that people never talk about even though they talk about Bid Bots all the time.
Nepotism.
Most of the people that are rated in the 70s have been here since the beginning. They tend to have a lot of followers that auto vote them. Also, the other people in the 70s and the whales that remember associating with these people in the beginning tend to always vote them no matter what and not spread their votes around.
How can a minnow compete with this kind of nepotism?
Bid Bots are leveling the playing field even though most people are against them. I'm not saying they are the perfect solution either but I do believe that these Auto voters that are hitting up the same high rated 70s people so that they always get a large portion of the reward pool just because they were here early on should be removed or altered.
What if the auto voters were set to scatter your votes among random people instead of always voting the same high rated people? That way you could still get curation but the system would be much more viable.
So just to clarify my opinion is that the Bid Bots are not great for our platform, but they are much better than the nepotism that is currently in place which is completely screwing all of the minnows.... and I believe installing some kind of randomizer into the auto voters would absolutely fix this problem and potentially get rid of the need for Bid Bots completely.
How does it level the playing field when the majority of delegated power is coming from the whales?
The vote buyer breaks even, if they are lucky: +/- 5%
The bidbot maker takes their cut: +10%
The delegated whale gets his share of the vote power: +20%
So, unless the newbie gets a huge following from his bought votes in a quick enough time frame and sticks around, he will never be able to catch the whales that are feeding the bidbot system.
No it doesn't completely level the playing field, but at the very least it makes the minnows able to hit the ball once in awhile instead of simply sitting on the bleachers forever.
It does allow the minnows to be able to increase their reputation at the very least.
Yea, there are definitely non-payout benefits:
In regards to payout, it may allow them to hit the ball, but at the same time, it keeps pushing first base farther and farther away.