Top 5 Greediest Bid Bots on Steemit

You can't eat your cake and have it.

• English proverb.

Today I will be listing five of the bid bots I consider to be the greediest on Steemit at the moment. While I admit that capitalistic systems are generally driven by greed, businessmen ought to heed to the voice of conscience when dealing with their clients.

Consequently, the bid bots I will be discussing today are those who want to have their cakes and eat it, not minding the consequences. How do I mean? These bid bots want to sell their votes and still reap heavy curation rewards in the process.

Source

As you may probably know, there is a 30 minutes window rule on Steemit. This rule ensures that those who upvote a post before the 30 minutes window share a portion of their potential curation rewards with the author. @themarkymark provides a better illustration when he observed that:

The first rule you need to understand is that there is a 30 minutes window rule. Let's say we have a post that makes $10 total. We all know 75% of that goes to the author, so at this point, the author makes $7.50. That leaves $2.50 for everyone who upvotes the post for curation rewards. The first 30-minutes you split your portion of the curation rewards with the author. It's a linear sliding scale depending on how soon in the first 30-minutes you vote. If you vote at 0 minutes, 100% of your portion of the $2.50 based on your stake is given to the author. If you vote at 30 minutes, you retain 100% of your stake from the $2.50 curation reward. At 15-minutes it is split 50/50 with the author. If you vote at 20 minutes, you retain 67% of the curation rewards, and the author gets a little over 33%.

Why Do Some Greedy Bid Bots Want to Upvote Posts After the 30 Minutes Window Rule?

The answer is obvious and simple. They want to make insane profit, want to get hefty curation rewards apart from the initial payment that had been received from the vote buyers. To achieve these objectives, therefore, these greedy bots do not upvote posts whose age is less than 20 minutes.

And to outsmart the bidders, these bid bots usually delay their upvotes by five or more minutes to ensure that they beat or get close to beating the 30 minutes window. I see this as the peak of greed because such actions greatly increase the bidders' chance of making a negative ROI. Moreover, bid bots are not genuine curators as the Steemit White Paper wants us to believe.

Meet the Top Five Greediest Bid Bots on Steemit

1. @buildawhale with a voting power of $385.37
2. @postpromoter with a voting power of $592.9
3. @smartsteem with a voting power of $460.83
4. @upme with a voting power of $317.49
5. @promobot with a voting power of $183.37

PS: I have not written this post because I want to bring down any bid bot. Rather, I write because of the need to bring a level of fair play into the promotion services offered by the bid bots. I write because there is a need for authors to stop being losers simply because of their choice of bid bots.

Reference
https://steembottracker.com

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