It's humbling to see almost 22 Million SP are delegated to known Bid Bot accounts. That alone accounts for nearly 10% of all Steem token in circulation.
There are certainly some good ideas seen in the comment thread. For one, We see the logic in @smooth's proposal. But the implementation of it will likely be a challenge both in designing the mechanism and getting the consensus needed for this to happen.
While there are many options presented, it is a reality that design and consensus are very difficult. It is time to gather the wisdom of everyone.
22M SP is the minimum value delegated to bidbot. Only a narrow sense of bidbot was included.
Also, the effective SP sum of accounts that have voted so far since December 1 last year is only 120M.
The total SP of the STEEM chain is about 205M, but the effective SP for voting is less than 120M, so 22M is actually close to 20%.
Best wishes for a Happy New Year.Thank you @coingecko