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RE: Why I'm buying upvotes from a bid bot
Not really win-win-win. You’re removing Steem from the rewards pool that otherwise would have gone to everyone else.
I prefer to avoid bid bots personally despite testing them out briefly.
And the biggest winner is the bot owner. You’re giving them Steem for a vote which costs them nothing. They then also get a stake in the curation rewards from your post. It’s not an equal exchange
Tbh that reward pool thing is still something on the back of my mind, which I haven't fully understood yet, so thanks for mentioning that.
In regards for the biggest winner being the bot owner - on one hand I don't really mind, because they are providing a service that increases the earnings for all of us (OK by "all" I mean the bidders and the upvoters of their posts). It's a business. A business should be profitable, and there's a service being exchanged. I am absolutely not against doing business on the Steem blockchain.
On the other hand, it says the ocdb bot is a non-profit bot, which suggests to me that the owner invests the revenue back into the bot, for the benefit of the bidders and their upvoters.
We take no cut with ocdb at all. The argument that you are getting steem you weren't supposed to get, well, the delegators would've instead delegated to a normal bid bot and gotten their ROI that way instead while enriching the owners for doing pretty much nothing. This way a whitelist of people get the 10% profit instead and maybe some day they'll start curating and using it for something better. Easy steem earned usually means it easily ends on the exchanges so I'd rather help distribution which is important for our currency.
can you add me to the list please. want to give it a go
Do you know the process to get whitelisted on OCDB?
It’s a bit of a mine field really. I’d much rather see no bots at all. The ocdb bot is probably the least harmful of them all. But it still doesn’t detract from the fact that you’re removing Steem from the reward pool that wasn’t yours to begin with.
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Agree
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