There is already blockchain wide advertising economy. It a called promoted, you send SBD to promote a post and it gets burned as the sbd is sent to the @null account, countering inflation. The post is then presented in an obscure place that you might have wandered into out of sheer boredom or initial curiosity, the promoted section.
You don't need to mess with the bidbot reputation, all you need to do is downvote the people who use them thereby removing the curation rewards that bidbots get and dissuading the user from buying his way into trending.
The complete failure of promoted I think is why we have bid bots turning trending into what promoted could have been. A better and broader advertising economy could be more than just a money burning feature. It could pull in top content providers with add revenues paid out in SP, while allowing STEEM users the opportunity to buy targeted advertising without having to move funds out of the STEEM economy. A fully functioning revenue sharing adds economy that isn't just inward facing I think could remove most incentive to use bid bots as way to mock a working promoted feature.
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The only reason why promoted is what it is, IMO, is that it's been relegated to the last section where it has zero exposure. The simplest thing is to change the home page to promoted. It has been like that before bidbots, bidbots began because of the ability to delegate and linear rewards which allows them to calculate with utmost precision how much to return to those that delegate and how much to vote. Burning money is the best mechanism for increasing value as far as I'm concerned, up to a point as a scarce token is not valuable since it cannot be freely transacted and instead turns into a store of value and traded sparcely.
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Yup, the simplest thing should have been
the more you burn, the higher up in trending you go. Instead, we have trending based on rewards, which is super easily gamed.Meh. Not like they would change it.
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What makes more sense than changing the home page to promoted (few people want to see only ads) is to include a few of the promoted posts on the trending page like pretty much every other major internet site with similar content (reddit, google search results, many news sites, etc.)
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I mean anything to give someone demand for using that feature, otherwise it's like a useless gimmick.
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Yes, that and not burning all of it, but allow people making a blog post to opt in to advertising and advertising revenues. There are top content providers that won't ever make the move to STEEM today, and surely won't if the screw-new-users-over convergent linear rewards were implemented, that might be sueded by swapping their current reliable add revenues by reliable add revenues in SP plus the chance to play orca/whale lottery that by itself clearly isn't pulling in any of the big guns.
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This is not about to happen as the majority of the bidbot delegated sp comes from where exactly? :)
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You're not supposed to talk about that!!
Too much drama.
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!dramatoken
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You've got DRAMA. You are going to be a Whale!
To view or trade
DRAMAgo to steem-engine.com.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Why don't you ease up on the I'm better than you bullshit.
It's called eliminating the competition.
Stop being foolish.
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!dramatoken
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Except that the lack of exposure for promoted has been around way before bidbots came into play..
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You have
DRAMA!To view or trade
DRAMAgo to steem-engine.com.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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