It offers a valuable service to new users who are struggling. We also offer a lot more than just a bid bot.
RE: If you don't use the bidbots then the shitposters will win!
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If you don't use the bidbots then the shitposters will win!
Who actually buys that line? Wouldn't honest curation being managed with delegated SP provide 100X the benefit, encouragment, direction and oversight??
Buying bids only provides an endorphin service to struggling new users. Minnowbooster is good if used by honest content creators because it gives an ROI that is calculable(115%+) AND all the added visibility benefits(on those rare occations it moves a post up into visibility).
I contrast, 90% of the time bid bots have you breaking even or losing on an immediate ROI.
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Coming from someone who says they don't use bid bots, I find this questionable.
These are my bid windows, every time a window is below $130 people make money, even after curation rewards. Every time it is below $125 or so, I lose money due and can't cover my weekly rent. So yeah, your 90% number is a number you pulled out of your ass. Factor in I have a lot of voters that come around prior to our vote adds, even more, votes and more ROI that is hard to measure. So the break-even for end users is even lower. Factor in we provide a big exposure boost with our daily Curation Digest and even additional votes to quality content, and we also give away $100+ votes in the Author of the Day program for our favorite content, the ROI is further increased to the end users favor.
How's that for transparency?
The "instant ROI" is the entitlement attitude that is popular on Steemit. Do you get any ROI from Promote? People pay upwards of $300 to get on the promoted page, with $0 return back. Most people on promoted never come close to breaking even for how much they spend to promote a post. Why do you think sending $10 to one person should get you $20 back? Bots are not cash machines, they are promotion tools.
Wait, Minnowbooster gives add visibility benefits but other bots don't? I think my users would beg to differ.
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Still havent even tried to respond to this: "Wouldn't honest curation being managed with delegated SP provide 100X the benefit, encouragment, direction and oversight??"
Because you know it is true.
"Wait, Minnowbooster gives add visibility benefits but other bots don't?"
Again, selectively choosing to see and respond to what you want to respond to, not to what I actually said: "(on those rare occations it moves a post up into visibility)"
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No, I don't know it to be true, but it isn't an easy answer. Who do you pick to do it, how do you police it? It's a complicated issue without a simple answer. It is also not the only solution nor something that has to happen in isolation. Not to mention your asking people to give up stake they paid for with no benefit to them. Not going to happen.
I responded to everything, I just left out the top section which I just responded to because I felt it wasn't a simple answer and it is under the assumption people will give up millions of dollars with of stake for some people to use as they see fit with no return on investment. Sure it sounds nice, but it also sounds like "never going to happen". So I figured I'd answer what I can.
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The SP interest still accrues in their favor on the delegated SP. Not every delegation will result in 100% good results, but it will be better than the situation now with significant abuse of the vote bots. The delegations can be for 30days to discourage abuse.... ONE TIME IN 30 DAYS THE DELEGATOR NEEDS TO CHECK ON THE DELEGETEE's use. Not too hard for them to do.
The payout is in the price of steem going up because new users will have a greater shot of getting noticed when they produce good content....word of mouth, equals more users and more investment in Steem.
Never going to happen? Why? It is already happening, only on a micro scale. @aggroed regularly delegates 100's and 1000's of SP to Steemians he trusts.
And if you are saying the truth, you are running an operation that is losing you money, but you are doing it then.....why? Because according to you, no whale would be benevolent and not seek an immediate return on their investment. You are contradicting yourself or something.
And most big whales (those that have been here 12 mo or more) HAVE ALREADY made a 50% or 100% or more ROI. They are not hurting. And they can make their biggest ROI yet by investing in the platform(the users) with the benefit of STEEM being valued more and rising in price. To $2, $4 or even $10 per STEEM.
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Anything delegated does not give anything to the delegee, that's why they charge fees. These fees are so high usually you can't even make a profit self-voting yourself 10 times a day without curation rewards.
First, each delegation has a 7-day cooldown when you cancel it, this discourages short-term delegations and moving delegation around. If you are telling me that whales are not only going to give away millions of dollars of SP and police what the users are doing, I have some lakefront property I have for sale if you are interested. The amount of spam on this platform is legendary, and users have to sacrifice their rewards to police it. This is why people don't do it, and when they do people start writing 10 posts about them getting flagged and censored. From a high tower, it seems like a simple problem to fix, but it isn't so easy.
Because I choose to do something. To make the place better than what I found it. To invest in the future of Steem. I am also a witness, but that is also a loss, what little I get from it doesn't justify the time or the equipment I lease. I do far more than just run a bidding bot, anyone that knows me can speak to that.
Could things be better? Hell yes, are bots the problem? No. The problem is the 1% on the platform have 99% of the power and 98% of them are auto-farming the rewards pool and not even participating in the platform. Steem Inc has a huge stake in the platform (70% I think) that was just written on the books. The number 1 thing that can be done for Steem is to burn 70%+ of that stake. That would dramatically increase the value of Steem more than anything else that can be done.
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I am not surprised you are not aware of it. But STEEM earns a tiny percentage for just being in SP. That % is earned and is added to the stakeholders SP whether it is delegated or not. Fact check it.
"These fees are so high usually you can't even make a profit self-voting yourself 10 times a day without curation rewards."
From either Blocktrades or minnowbooster you can lease a delegation every day of the week and make a profit (NOT INCLUDING CURATION) if you upvote yourself 100% (10x a day).
Either you are intentionally deceiving or the worst at math ever(of one trying to run a business.)
I don't buy it.
I have done the math. It is black and white. I have not leased it because I WILL NEVER upvote myself 100%, 50% or even 25%.
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Wow, keep those digs coming bro. Yes, I am familiar with it, but it is so tiny it is no comparison to anything we talking about. In fact you hit the nail on the head, "TINY".
If you go for the 4 week+ you will make somewhere between 1-2% before decay and that's if you create a new post every 2hrs 40 minutes and have zero curation rewards. Doing so you will likely get flagged and thus my point.
Yeah, that's it.
Here's the math for ya.
10,000 SP will give you a 0.88 vote. You get 70 votes per week, so a total of $61.60 in SBD.
The rent will cost you 10,000/ 150 = 66.66 STEEM. SBD is higher than Steem right now. Even considering, the 10% difference in SBD/STEEM puts you at 67.76 Steem for your 66.66 STEEM spent. At net 1.7% ROI.
This is factoring in doing 100% votes 10 times a day, exactly at 2 hours 40 minutes, on a brand new post, with zero curation rewards being shared. Something that will get you flagged to zero pretty quickly.
Before you bring it up, yes I know MB lowered their cost, this was in the last 24 hours and is completely new information, it is also only a minor change to the equation.
I also know SBD/Steem gap is larger right now, the tools that show these rewards use a 7-day average and this is a very rare abnormally.
I'd love to see your math.
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