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RE: Voting Bots, Delegated Steem Power and Steemit trends....Thoughts and ideas moving forward
this is some good insight as I am new and still just beginning to test out the voting bots and play around with how they work I never really thought about it in this way that the whales could be miss using the bot to overbid users who have low wallets and in return make even more income on there already high paying posts pushing us little guys further down the list. So in reality its starting to be like the real world where the rich get richer off the expense of the poor
Its one of my observation, few people understand the economics behind these bidding bots, the Bot shares the largest piece of the pie to the highest bid...You cannot compete if you are making 1 a post and still pumping your earnings into your next vote, realistically you stand no chance, you may survive for some time but ultimately this never benefits the content creators...what make this dangerous, now that we have Delegated Steem Power on sale, the people running these Bots can easily buy up any available stake further monopolizing an already deteriorating situation...