Spamming has increased at a terrifying rate, with some spammers simply copy pasting year old posts of other users ON STEEMIT, then self upvoting.
With the rate the reward pool is being lowered surely this will stop being profitable soon?
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No - it will just be less profitable. But I'm sure that spammers don't care, as they don't put much time/effort into their "content" anyway and even slightly reduced returns would be good for them.
I agree, the spammers do not care, they will likely spam more. Copy/Paste posts are done less than a minute. I suppose, even bots will be created to do this.
Yes, the game theory analysis shows that such behaviour cannot be eradicated, but it can be minimised - to what extent depends on the encoded rules of the Steemit game.