But who’s going to keep on bidding if it’s not profitable?
RE: Uncertainly certain about the future
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Uncertainly certain about the future
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The bidbot operators and a few at the very top will always make profit.
this might help visualise a little:
https://steemit.com/steemit/@tarazkp/bidbots-and-you-a-foretelling
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Understand that the operators will make profit but if a bidbot is not profitable for me as a user (and it’s not, we know that) then what incentive do I have to use it, other than push my post to the trending page? In which case it would be stupid of me to spend loads of money on a shitpost to push it to the trending page and then not get my money worth in the end...
Thanks for the link though! I read it but I must disagree with your numbers - because majority of the time the bidding just isn’t profitable. You can even see ROI after curation in the bidbots “Details” section. And it’s almost always negative.
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imagine that only the top ten bidders get a positive return and all the rest lose out. Even if al the rest stop using it, the game continues on. Essentially haejin and ranchrelaxo are proving how it works without selling the vote publicly. Pretty much the same deal though by the looks.
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Well, I’m certainly learning a lot here. Thank you! I haven seen the war against haejin and indeed it’s annoying to see people like him misusing the platform but as long as this option is built into the existing system, I’m not sure what can stop jerks like him. And I know that’s your argument... I just feel that there’s enough good guys in this community that will fight for preserving the good things it can offer... let’s see!
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I am hoping there are some people acting, and as depressing as some of my posts seem to be there is hope. Perhaps I can activate a few of the bigger fish over time, at least that is the plan.
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I’ll offer my 5 satoshis if I have a brilliant idea that strikes me :)
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