@themarkymark has been kind enough to draw up the response to my question"Does anyone have any data on how much of the reward pool is currently controlled by bid bot use?"
So at press time approx 11.112% of all Steem Power held by accounts here is currently in use by bid-bots.
Now, what is unknown at this point is how much of the total powered up stake is used per 24 hrs for curation (maybe just past 24 hrs for example) and how much of this figure is controlled by bid bots?
It’s unlikely that all of the SP in existence is used everyday. I'm just curious and looking forward to some stats.
I think this is an interesting subject that needs to be looked into. Promobots and such services have their own appeal and are likely to grow with the growth of this platform.
But it would be good to get some answers to some of these important questions.
So if anyone has any info, please hook me up.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
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Hey @firepower
I produced this analysis a few months ago which I think may be of interest to you: https://steemit.com/utopian-io/@abh12345/how-much-available-sp-is-there-for-steemit-com-content
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I was about to mention your name but you were fast. Good work asher.
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I was about to
Mention your name but you were
Fast. Good work asher.
- sathyasankar
I'm a bot. I detect haiku.
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The truth is this upvote bot problem can be solved if Steemit Inc just creates a proper advertising system. One where both the advertiser and the users are benefited.
My Idea is simple:
Users can select what type of ads that they want to see and the important messages like the steemit's updates and all can be shown to every user. This same system is being implemented by many platforms and if we adopt the same system upvote bot use can be minimised.
People who want to grow on steemit can simply do a ads campaign to get followers or upvotes
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Steemit inc could stop bid bits at anytime. It’s an experiment of sorts and i think they’re probably seeing how it plays out in order to find the best next move.
They really need to make what u suggest tho. Their own bid bit with a huge sp, that burns all of the sbd and steem sent to it....that might be benificial...
Thoughts?
Jb
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That's genius man, If they start a bid bot and people actively use it it will be awesome and I don't think Steemit Inc will be interested in placing ads on steemit because the main selling point of steemit is the strict no ads policy and they won't want to destroy that to be honest
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Nice post Keep it up
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my voting power decrease very fast but they increase slowly to 100% sometimes 2 to 3days
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Once you cross 500SP you can decide the vote % before you upvote or downvote someone.
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I looked at the other post and it is clear to say that there are some dark numbers he did not account for.
There are a couple users that hardly if ever use their SP/voting power at all whatsoever, which pushes the numbers a bit. I think we are more likely to be around the 20-30% area.
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I also just read his post where he calculated it to around 12.5% and let's hope he can again do the quick SQL Queries for this question of yours.
It is great for us to know out of the remaining 87.49% how much is actively being used per every 24 hours.I am glad i have found this info discussed as a newbie!!!
Let us hope out of the 87% we have 50 being used...it would be great!
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Again say....
out of range...:)
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This has been a dark spot, which light ought to be shine on,a good stat would be nice.
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I have no idea at all...
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Maybe this answer will also come from @themarkymark as really it's the matter of concern and knowledge for everyone.
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This does highlight the major issue with the platform. The idea is social media based on a cryptocurrency system, right? The rewards should be based on how much interaction is drawn, not because you managed to draw the attention of a whale.
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Definitely some good questions to answer...
Interesting to know that 12ish oercent is the #. I really think some ppl believe that bid bots have taken over steemit and are ruining the rewards pool etc...
Glad this discussion topic has been floating around more consistently these past few weeks :)
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What is good about bid bots is that they are actually using all or almost all of their voting power every day, distributing that income to the community, there are whales out there with massive SP who don't vote at all or hardly at all like @ned so one benefits from them.
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Very interesting topic.
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Steemit is just like this world which is full of problems. Just like in real world powerful people here are busy in their own interest and poor people are looking towards them for some alms. Nothing will change in this world and so on here. If I am wrong, please correct me. I am a bit disappointed.
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My god 12% is a lot! And it's raising I am guessing?
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This is a hot issue of this community now a day, I had also marked that almost all the tranding post had been upvoted by bidbot.i have seen a post about this issue little time before posted by @themarkymark,i have to gone through it now.Thanks for raising the issues, it is necessary to find out the hook for the development of the community.good luck dear.
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An easy way to estimate this is to look at the vote value per SP compared to the total reward pool. That tells you how much SP is voting. Downvotes are only a small factor, if they were larger would throw this off (which is why downvotes are a form of non-linear reward curve and we probably don't need an explicitly super-linear curve if we improve downvotes, but that's another topic of discussion).
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What are you planning to do with the information you gathered so far?
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