The return of the @appreciator bid-bot

in steem •  6 years ago  (edited)



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@appreciator is the second biggest bid-bot by vote value at this moment. It is also hard to audit. As noted in the last post (https://busy.org/@verodato/the-return-of-the-bid-bot), we can always verify with certainty what are the delegators to an account. That’s because the delegation transaction is registered in the Steem blockchain with an amount, a sender account and a receiver account. So you can easily check what accounts delegated to a bid-bot. But interest payments are made via a general purpose transaction of transfers of funds between accounts. It is up to the bid-bot to register in the interest payment memo field what such transfers are. A way to estimate interest payments, when they are not labelled, is searching for all the transfers from the bid-bot to the accounts that are delegators to the bid-bot. Keep in mind that we could overestimate interest payments if the delegating accounts do other kinds of transfers to the bid-bot account.

The @appreciator bid-bot has two main delegators that supply most of its capital, as the chart above shows. As I could find interest payments from @appreciator to @freedom but not to @blocktrades, I had to exclude the delegations from @blocktrades from the calculations. Otherwise, the implied rate of return would probably underestimate the bid-bot cost of capital. I could not identify the interest payments made before April 2018, even though the bid-bot seems to be running since last year. The results, shown in the table below, were broken into two categories, to underline the different scales of the amounts delegated by the @freedom account in relation to other delegators. Interest payments and delegations are expressed in USD.

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The return of the @appreciator bid-bot is close to the results found for the @postpromoter bid-bot only for the month of April, and considerably lower after that. It could be that the @appreciator bid-bot pays interest after some period longer than a day so that it takes longer to show up in the data. For all the difficulties in understanding the @appreciator numbers, we would ask for a higher rate of return if we were to invest in this bid-bot.

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If freedom delegates to a big bidbot, it means that smartsteem have not the capacity to pay him as much as he wants.
The biggest bidbots and voting services tend to yield losses to their customers (the bidders/vote buyers) especially when considering curation rewards.
I also feel that the upper and lower boundaries on ROI are false advertisement and the way that they are measured is skewed against the customers.

@stimialiti yes, upper and lower boundaries on ROI are tricky. I always do my own calculations before using bid-bots. These services can yield gains to users - I mean, you can make money using bit-bots - but it takes a lot of time and effort to get it right.

I grew a lot thanks to certain bidbots.
My most urgent question about HF20 is:
Will its reward calculation be retroactive?
For example, will 98% of the vote that you just gave me will return to the reward pool if HF20 will be enacted within 6 days, 23 hours and 51 minutes from now?
And BTW, look at this:
abandi / best-strategy / steem-network / lucky-robin /
https://steemd.com/tx/adda0f696822eab45a5bfbbafc8e6539030e7ceb
https://steemd.com/tx/c9b79de7200ea8803e150c4c2974ddfcfe651201
https://steemd.com/tx/33c157793219640c533a3d4078ea0647886757e0

This is how much a spammer and plagiarizer can grow, with almost every preminer, witness and self proclaimed spam adversary ignoring my comments about it.

I don't think so, but I not sure about it. What I know is that I will probably change my upvote behavior in response to the HF20.

  ·  6 years ago (edited)

@verodato your 4000 SP delegation to me should have expired 2 days ago and yet I still have it

I don't know how that is possible?

Thanks for warning! That is my fault, not minnowbooster`s (see image below). I somehow forgot to cancel the delegation. Just did it now.
image.png

  ·  6 years ago (edited)

I guess I don't get any bonus points for fair play other than the two extra days and an upvote. 😄

Thanks for the delegation though. I think I used it for something that might pay off down the road. Maybe I'll do a post about it.

Oh, @direwolf ! Now you've got a friend... There's no higher bonus in the world!

I already changed my.
I used to wait until one of the better bidbots would near 100% prior to posting anything, and it was better than self votes.
In fact, this behavior did not allow me the time to self vote in the current steemit interface, and it seems that busy.org too lacks immediate self votes on comments.

You got a 46.15% upvote from @luckyvotes courtesy of @stimialiti!

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@verodato yes, but it's too risky

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@stimialiti

If freedom delegates to a big bidbot, it means that smartsteem have not the capacity to pay him as much as he wants.

I don't think so. My personal guess is that freedom delegates to other bid-bots as those rely on few big-delegations in contrast to Smartsteem, which has nearly the same SP with hundreds of unique delegators.

But honestly, someone with 7 million SP is prob. rationalizing a lot different than you and me ;)

I meant that you have not the capacity or the need to give him the return that he wants on all of his STEEM.
Since you are in a commenting mood, do you pay to clvr to fight spam?
If freedom used only a tiny bit of his stake to fight spam, the value of all of his stake would have been worth more.

You got a 75.00% upvote from @sleeplesswhale courtesy of @stimialiti!

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You got a 75.00% upvote from @sleeplesswhale courtesy of @stimialiti!

thanx

It seems that this bot is sending quite a lot of STEEM/SBD to account, which is currently not (direct) delegator, meaning @alpha. If you check the proportion of delegated vesting shares of @freedom and @blocktrades with proportion of sent payment from @appreciator to @freedom and @alpha, you will see it is pretty much the same proportion.

That's right, @zorank, @appreciator sent USD 85,146 in May and USD 46.258 in June to the @alpha account. This account is not a delegator to @appreciator. It seems like they don't want to make their transactions transparent.

alpha is owned by blocktrades this is a well known fact.

There is no hiding anything.

I didn't know about it, @chronocrypto, thanks for the information.

Would you be interested in earning 100% profit share from @chronoboost?

I am on discord chronocrypto.

Wow Very good article to read.

I wait for the next article

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very good article.What is the minimum investment for this method?

hi, @aryaan, you can see the minimum investment here https://steembottracker.com/

nice post

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Well, Such a large number of individuals discussing the offer bots of late, I tried one out on a post that did not get a considerable measure of affection: something that was moderately little and did not get a great deal of movement. It was a couple of days old as of now so it was not going to drift from the spike in rewards.

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To support your work, I also upvoted your post!

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Continue your good work my brother and please follow, upvote and comment me
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@verodato yes, but it's too risky for bignners