Well, on this scale not so much. But the artificial bursts of 'transactions' seems like it would negate the value of the organic exchanges, already undervalued.
Personally, I think that unused votes are a bigger threat to steem's value than voting bots. It's demoralizing to authors who spend the time it takes to produce a quality article and go without recognition just because no one happens to see their article. I wrote about this here.
Granted, there are better ways to recognize quality than a simple author list, but it's a starting point. It'sort-of like sponsorships for athletes. They're still sponsored even when they deliver the occasional weak performance. If we pick our author lists carefully, I think it's good for steem and steemit. Future bots will be better, of course.
Hello, Jeff. Thanks a lot for your reply.
Can you explain why do you think so?
It is only killing my voting power :)
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Well, on this scale not so much. But the artificial bursts of 'transactions' seems like it would negate the value of the organic exchanges, already undervalued.
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True that every single vote coming through this tool is not organic. But it has my organic approval :) I do hate to miss posts from my friends.
Another good thing is that there is a log of votes. So I can check this log to see which posts were voted on and read them. And comment on them.
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Personally, I think that unused votes are a bigger threat to steem's value than voting bots. It's demoralizing to authors who spend the time it takes to produce a quality article and go without recognition just because no one happens to see their article. I wrote about this here.
Granted, there are better ways to recognize quality than a simple author list, but it's a starting point. It'sort-of like sponsorships for athletes. They're still sponsored even when they deliver the occasional weak performance. If we pick our author lists carefully, I think it's good for steem and steemit. Future bots will be better, of course.
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Thank you for your reply and the valid opinion. Yes, future automated ways might be better.
One drawback with automated voting, if you overdo it, is constantly low voting power.
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