A One Week Experiment: Putting bidbots to good use by upvoting my posts at around the 6 day mark.
I'm going to start experimenting with upvoting my posts (not comments) with a bid bot at the 5-6 day mark. I'm doing this for a variety of reasons.
- I'm not a shitposter (no matter how many times @acidyo says I am)
- I want to reward investors for buying and holding onto Steem
- I want to support my curators by waiting until all those interested parties have been gathered and then use the bid bot to curate them back ( I can't right meow 'cause I delegate muh Steem power)
- I want to make it harder for shit posters to earn using bid bots by providing competition for purchased votes
- I like steem and want moar
What am I going to do with the increase in SP?
I'm going to do what I always do. Delegate it to a variety of minnows, minnow related projects, and Minnow Support Project related things.
What am I going to do with the increase in sbd?
idk. Probably play around with investing to see where I can make more money to own more steem. I might just convert to steem power and delegate again. I'm not sure yet. Depends on how much it is or if I actually make any money doing this.
How long am I going to do this?"
For starters I'm going to shoot for 1 week. I'll look at the results and see what the people think.
"Aggroed, your shit posts are way over valued!"
Well, you're always welcome to flag me if you think rewards are too high, but just be careful because the unintended consequences on this platform are for real. I aim to at least not overshoot the $1/view thresh hold.
"Aggroed, if you upvote yourself you're a terrible douche and need to die!"
The latter might be true without the former, but I happen to think that if we have linear rewards and bid bots are a thing I'm gonna step into the fray and use them on my posts to show what that might look like if a halfway decent steem centric blogger starts upvoting muhself and muh curators. I'm doing this at the end of a post payout cycle where a ton of rewards are shared. It's an experiment. Let's see how she goes.
"Aggroed, you're raping the pool."
Well, tough to say, bidbots represent about 5-6 million SP. That's somewhere around 2% of the total pool. If you think that 2% of the pool going back to relatively passive investors is rewardpoolrape then I suppose we'll see some epic flagging here ("because that will bring new users here for sure" he says sarcastically). I suppose there's more stuck into @minnowbooster and the folks they work with, but we're still talking about single digit percents.
"Aggroed, everything about linear rewards is horrible, how can you support any of this?
The better solution is to fix distribution and then go back to quadratic or exponential rewards when they can function better. Right now more than 93% of the steem is in the hands of 1% of the accounts (excluding @steemit) What we really ought to do is make platform inflation a witness variable and then I'd advocate we keep it at 10% for a while assuming we're growing. Stake weighted inflation is bad because it'll eff over distribution even more, but platform inflation through content creation and curation helps this place grow and spread the wealth beyond the top 1%.
Until then, we're in linear rewards, and instead of complaining about it I'd rather just do the best with the system I have and support my posts and my curators as a start and then look into ways to automate some select vote bot usage for minnows in the pond on the platform.
Measuring success
- Witness vote changes
- Voting on my post changes
- Comments on muh post
- Interactions on muh posts and in Discord
(5. Amount of shit I take from MSP Canadian Gingers bad dooting all over muh nuggets)
It's one week. Let's see what it looks like. Cause if we don't start using them right the shit posters win.
(5. Amount of shit I take from MSP Canadian Gingers bad dooting all over muh nuggets)
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.
If you would like to delegate to a public bidbot, @msp-bidbot, that will pay you daily try these links:
"Aggroed took our bidbots >.< "
Haha people always got to hate on something!
he took ar jerbs
I'm surprised someone didn't create a bot that would automatically use the bot to vote on their post with the best bid possible whenever a new round of vote begins. It might already exist but when I last look at bottracker there was no evidence of such bot. It's only a matter of time I think.
I definitely think that the best way for the "good" guy to use the bots is trying to use them more often than the "bad" guy and I see no other way or reasons for people not to attempt this.
On this we actually agree. I increase the value of liquid donations to the YouAreHOPE Foundation, by using various boosting bots. I support my friends like @themarkymark and @reggaemuffin while keeping the rewards flowing to charity and the financing for it going to all-in, full time steem business makers rather than stolen, unannotated youtube post manufacturers.
Move the money where it can do some good. On this... we agree.
@SirCork
Founder of The @YouAreHOPE Foundation
Top 100 Steem Witness
YAH Global Discord Chat: https://discord.gg/zkTeKeS
This is funny.
1st, I don't care what services you use.
2nd, I love that you announced it
3rd, the only reason I believed was "I love steem"
lol.
Tranparency when doing something like this is important. I don't want people thinking I'm a scammer.
It's a free blockchain. Gosh, thanks for saving the community from shitposts.
I may have to train myself for these bot wars
hand to hand combat w/ a robot doesn't sound fun,going to need tools...
;-)
I'm glad one of us knows what you're talking about! I kind of got a bit lost when you started talking about exponential and quadratic distribution but that's nothing to do with your explanation and everything to do with my brain :)
Is one week long enough for an experiment?
Good luck :D
The only posts i see as shit post are copie/paste stolen from some other Source, without any effort of their own.
You are always busy on steemit and for steemit it, at least from what i have seen.
Keep up the good work, i should put some more effort into Steemit but i have a bit trouble with concentration.
People should hate less and chill more haha
Have a nice day!!
I'm doin' muh best!
👍
an interesting approach
when I get back into a daily Steemit routine, I may try to replicate this experiment myself
While I was testing out if the bots would actually bring in more in the end than human upvotes, I was waiting until at least the 4th day for many of the same reasons.
The first few votes on my posts are usually other minnows, so they would leave about .001 - .003 upvotes...then I would bump up the post to 2.00 - 8.00 with bot vote so the minnow curators would get a good reward.
did you feel like a good person or sketchy while you did that?
Well, a bit of both...good for spreading the wealth to other minnows, and sketchy for not letting the bot owners get the curation reward, because I know they do alot of work to keep them running.
In the end though, I feel like the bots are awesome for new minnows who don't know people here yet. They give some incentive to keep posting and get more involved...but then once we are in the community and get to know people, human votes and real conversation become the reason to stay. (with the exception of people like you who are genuinely working hard to make things work for the minnows, and give back far more than you get)