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Self Voting, Bots, and Value Assignment by eonwarped

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· @eonwarped ·
$36.74
Self Voting, Bots, and Value Assignment
![Self votes.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1518383637/y0vqjsddhqt20h4edvss.png)

I want to give my take on the whole whale wars and self-voting and bot discussion. I’ve previously been fascinated by the bot ecosystem and voting properties, and if you’ll look at my history you’ll see some analysis posts about payouts, bots and curation. After playing around with all that, I wanted to share what I've come up with so far.

The short of it:
1. In terms of value assignment, the system is designed to trust those with more stake. Bots essentially spread out the stake.
1. Using Bots on own posts is the same as Self Voting. Apparently, this isn’t obvious.
1. The whole system’s success depends on value assignment being “fair” or “accurate” from a market point of view.
1. Self voting and bot voting is bad if the value is “unjustified.” Market perception will eventually catch up with us all.

You’ll notice I’ve put a lot of things in quotes there, because ultimately the market (not just people in Steem, but Steem’s investors as well) will react accordingly.

There is a community that wants to see Steemit succeed. And there’s some that are visibly trying to milk the system. I can only assume that those that are abusing their stake to vote garbage are in the latter camp. Milk STEEM’s current valuation until the market turns sour. Even that’s a bit of a risky proposition, given that STEEM POWER takes a long time to liquidate. But such people only serve to reduce the market’s valuation of STEEM, and should be destroyed. We just haven’t figured out how yet.

# Value Assignment and the Forces at Play

The higher STEEM POWER (e.g. stake) you have, the more value you can assign as well as remove from posts. This value in turn is influenced by the STEEM price, and the external market decides that. 

Now, the number one justification anyone will see concerning self-voting is that a person should be able (and should be allowed by the community) to exercise their stake however they want, because they bought into the platform. 

But this is flawed, because the whole point is that STEEM as a whole is trusting those with that stake to reinforce the success of STEEM. The external market can lose faith in our value assignment, and the price of STEEM will eventually reflect that.

Any outside can look at a garbage post on STEEM and go “This gets 100$? What the hell is wrong with the world?” Even if they agree that there is potential value in a decentralized social media platform such as STEEM, they end up justifiably skeptical about the future prospects of the platform. Especially if nothing can be done to thwart such blatant abuses.

The same goes for whenever a large power stakeholder flags without good cause. If it's perceived widely as unfair, and this large power stakeholder has free reign to run the place, it makes the whole thing less desirable, and that would also reflect on market values in the long run.

If Steem is not a great place to be, soon these whales will be ruling over a dried up pond.

# Bots and Self-Voting

I see bots as an extension of self-voting. It enables self voting for people that are not whales. Okay, it allows whales to dip more too, but they don’t need to. Given the above, the same rules apply, any value assignment needs to be justified, or the market will react.

What’s the hold up? If there’s so much abuse, and abuse is so bad, why haven’t we seen a correction? Well, the STEEM game is young, and I don’t think we’ve fully understood it. Also the crypto market is still crazy speculative, you can’t really trust it. But think fundamentals. Think about all the exciting development that is happening around STEEM. All these factors mixed in make it hard to isolate the impact of abuse. Some might say this abuse is the hold-up that is preventing STEEM from rocketing. Who knows. Bleh.

I know the other point of view concerning the bots is that the bot operators make a pretty penny for this service. Should the community that wants STEEM to succeed react based on that? I’m not so sure. I do like the fact that it provides a way to extend one’s stake for a fee.

# Countering Abuse

We as a community seem very efficient at identifying when payouts are out of control, and drawing discussion to it. As well as when whales are being too oppressive. This discussion is a good thing, because it means we are reacting to the abuse.

Earlier I mentioned that the higher the stake, the higher the value you can add or take away. The good news is that with current rules, it is proportional to STEEM POWER (SP). This at least gives a fighting chance for lower SP holders to negate the actions of an abusive whale.

Why haven’t we been doing that? Well, because it is so disruptive, and there is a fear of retaliation. If only there was a tool that could make a group of people react as one to negate the abusive whale, without fear of retaliation before enough SP is amassed… One can dream, I suppose.

# Where Am I?

I had a previous [Voting Declaration](https://steemit.com/steemit/@eonwarped/voting-declaration) about how I wanted to use the bots and self-vote. I’m sure nobody really changed much given that behavior, since it really didn’t amount to much difference, but in any case I have stopped doing it. Mainly because I started to take the position of using bots for promotion instead.

In the current state, it is really difficult to compete for attention. There's a promotion section to burn SBD's with, that is just silly. I don't know a single person that looks at the promoted section (let me know if you do!). There's tons of garbage being sent to the hot and trending sections with high values.

You might put me in the abusive camp as well, and I can't say I disagree with you. I don't know how much my posts are worth, but they surely are worth more than that upvoted garbage we all keep complaining about. I know, it doesn't justify it. I'll admit to being a bad person.

There's one thing I've been noticing, though. This might just be wishful thinking, but lately I've experienced that bot returns are going down, and bot votes are more scarce. Could it be that the demand is much higher than supply? Are we moving towards saturation of the bot voting market so that it has self-corrected to a point where they are all barely worth anything at all? (Well, except for the bot operators).  Not sure... but that will ultimately be a good thing for STEEM. The bot with no return, used for purely promotional purposes (harder to use to get immediate returns).

Anyway, we should focus on looking for those that really are poisonous to the STEEM community, if we don't want to dry up the pond.

-----
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vote details (69)
@anjkara ·
This is a really good analysis of what's happening here, Eon. It's a worry that the high SP scammers are upvoting shitposts just before payout to sneak their actions under the radar. Like you say, outsiders are gonna see shitposts making a fortune whereas excellent, quality content makes pennies. It's obviously scammy. It'll repel investors and new content creators. There always will be people who'll rape the system to get an easy payout. It's nigh on impossible to police it. Maybe we need a vigilante bot.

My worry is that the big scammers and flaggy whales may drive curious rubber-necking traffic to steemit then become repellent to quality content creators who don't want their gems wallowing in a stinking pile of detritus. I hope Steemit doesn't turn into another shithole full of selfies, one-liners and 'look how cute my kitten is again'.

I use the bots to help nudge my posts up a bit and I delegate SP with the aim of getting a return on my investment (I'm no charity). 

Great post!

Anj x
👍  
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vote details (1)
@eonwarped ·
$1.10
Yeah that's a good point, and buggedout above mentions finding the good comment to promote up. Having the community support is a definite help in perception in terms of boosting good posts.

I'm okay with that level of content (cats) if they are assigned the appropriate value relative to others haha.

I also hope that supply and demand can drive this too. High supply of shitty posts priced appropriately. Of course, it's not really a market place. But I was just thinking about how if dmania pays well with the bot, and enough people use it, that pay quickly spreads thin and they do all get lower amounts. We'll see.... It's all a very many adjustment process in terms of Delegations and votes. (Even auto votes, and adjusting weights based on the votee behavior).
👍  ,
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vote details (2)
@anjkara ·
> I'm okay with that level of content (cats) if they are assigned the appropriate value relative to others haha.

Yes, lol. As long as they're paid what they're actually worth. Someone took a picture of a jacket and made $100s. Crazy!

About the comments. I don't upvote my own comments. I think, in a comments section, other members of the discussion (and the OP) can decide which comments are worth better positioning. It seems a bit too self-promotiony to do it with a comment.

Yes DMania posts. I've seen some pretty good memes in there. I know some think of memes as shitposts but if they're done well they're worth something even though they're often low-effort. Come on, we all have 'don't wanna write' days :D

But, yes, the more people that use bots, the less profitable they'll be. Interesting times ahead.

cheers
Anji x
👍  
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@blazing ·
Never used a single bot for the post's of my own and i think i never will
👍  
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vote details (1)
@buggedout · (edited)
$0.02
Nice piece.  I wish I had some answers for you.  I've been thinking about this a bit.  Personally I think self-voting is OK on posts where authors need some exposure.  Most authors would struggle to write 2 decent posts a day so that still leaves 8 x 100% votes that need to go elsewhere.

Self-voting comments I consider OK only as means for curating the comments.  Frequently these can be much lower % votes if you're just trying to bump your comment (usually an answer to another comment or question)

Clever abusers then create multiple accounts and "circle jerk" to hide their self-voting.  Harder to detect but not impossible.  It is generally easier to spot the "good actors" from the "bad actors" so I personally think there should be focus on rewarding the good rather than punishing the bad.
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vote details (2)
@eonwarped ·
$1.20
I'm in agreement there. Promoting good actors is happening at some level already with various community projects forming. The bad actor... Well, at least some we're quite good at spotting.  The only thing I'll point out is that going after blatant bad actors that take a huge chunk of the reward pool gives the greatest return on effort in terms of improving it for everyone else.
👍  , ,
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vote details (3)
@catweasel · (edited)
You are our go-to guy for advice on the technicalities of steemit related matters. You may or may not have all the answers, but you certainly have more than we do.

@tripdespider has proven himself a great asset to steemit in his short time with us, and he has done nothing here but enhance his reputation with us. You'll have to share the honours with him.

This excellent post was included in our new curation effort ***The Magnificent Seven*** -- a collaborative work by @enchantedspirit and @catweasel.  You have received a 100% upvote from each of us to show our appreciation for your post.  To see your creation showcased here ... and the fine company you keep ... please visit this link.

<center>[The Magnificent Seven # 25](https://steemit.com/curation/@catweasel/the-magnificent-seven-25-the-7-best-posts-we-found-in-our-latest-travels)</center>

We appreciate your support both for our work on this project and for the other creators of exceptional content who make it all possible.  (Follow @catweasel to catch our future ***Magnificent Seven*** posts.  @enchantedspirit says I'm really not as annoying as you might think, but she doesn't mean it.)

![rcw.jpg](https://steemitimages.com/DQmUoyHAt9rmrA69TYVudhdJ9id2VB6SqF23Q2KYjKTFLX7/rcw.jpg)
👍  
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@cutiepie ·
its always good to make more steem out of the content from work i think even in cents
👍  
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vote details (1)
@dawnsheree ·
As much as I would like to admit it but they only way for smaller people like us to get noticed is through bots. It's the only way for us to have some traction, most especially when steemit is a pretty vast community. ^^
👍  
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@enchantedspirit ·
This article is simply superb.  And I don't give that praise often.

![The-STEEM-Engine](https://steemitimages.com/DQmaTqHTyDj5fmWU8Y3aPtfCudt7Qo43q2EQ4h5SBVj8vyQ/STEEM-Engine-sm.png)
👍  
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vote details (1)
@foxyspirit ·
This definitely left me something to think about. I even have to reread it LOL. Resteeming to help get this out there. I want to see what more people have to say about it too. Thank you for this ^_^
👍  ,
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vote details (2)
@rich-oth-hegy ·
Yeah... not a fan of the bots... they feel like a "cheat" to me.
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@foxyspirit ·
But what if the bots that upvote other people that you want to encourage are helpful? Say life got super busy and you are not there to support but you want to keep supporting. Wouldn't that be a helpful tool to have?
👍  
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@here2help ·
I appreciate you writing this.  Thank you.

Your post touches the key question in mind... Is there logic in the code base to feed the 'noble whale' and kill off the 'toxic whale'?  

Just joined today!  I'm fascinated by what's going on here and look forward to contributing myself.
👍  
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@eonwarped · (edited)
$1.08
There is not. It's All SP actors :). Welcome to Steemit! It's never a dull moment here.
👍  
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@lalilands ·
I guess everyone is still trying to figure out what works. If one method gets a bad reputation I'm sure people that value their content will stop.
👍  
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vote details (1)
@eonwarped ·
I was recently thinking that if there was a real threat to flagging bot voted posts, the incentive to use them on crap would go down. That's an interesting thought. 

Although we're seeing even with grumps random bot flagging people are still using those bots that grumps is targeting.
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@lynncoyle1 ·
Thank you so much for the informative post @eonwarped; I stumbled upon this from @theinbox ...congratulations!

I've only been on steemit since the third week of December and in the beginning, I 'experimented' with the upvoting bots just to try and figure them out, you know, another avenue on this platform.  It kind of felt like I was either giving myself a birthday present, OR, paying myself for a job well done.  I was successful with them a few times, but lately, I watch steembottrackers (https://steembottracker.com/bottracker.html#free)  and watch people over-bidding at the last minute and everyone ends up with only matching their original contribution or sometimes being in the negative.  

For the time being, I have stopped using them because I quickly figured out that it was more beneficial to try and become a legitimate member of this community, by genuinely commenting instead.  And by "beneficial" I don't mean financially, although that was a fortunate result of it all anyway.  The bots have a purpose for sure, and everyone has a right to use them, not use them, love them or hate them:)

Thank you again for the post...you've given me food for thought for sure.  Cheers!
👍  ,
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vote details (2)
@maverickinvictus ·
$0.02
I think we are slowly getting to the saturation point for bots because with the price of SBD changing from time to time by the time your payout comes out the price of it could have gotten lower than 10-20% of what it was on the previous days. 

the 3 day validity is a good one to implement so that people will have enough time to check on some posts and downvote it. Although there are golden shitposters who are flying down the radar who reap in 200-300 easy and they dont get noticed by flaggers. 

I hope that there will be a time that we can correct it and make it an even playing field but for now play the game and amass SP.
👍  ,
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vote details (2)
@eonwarped ·
$1.22
Yeah the golden shit posters. The thing is, that is so easy to catch, I'm surprised it's still allowed to happen. I should be aggregating these with a bot or looking at the projects that are trying to stop it (steem flag rewards).
👍  
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vote details (1)
@pushup ·
re-eonwarped-self-voting-bots-and-value-assignment-20180211t214842465z
1.60% @pushup from @eonwarped
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@rich-oth-hegy · (edited)
I am not a fan of the bots. They take away from the genuineness of the site and just feels like a cheat. imo. If a post is good it'll be upvoted and if not it won't and I think that's how it should be.
👍  
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vote details (1)
@eonwarped ·
$1.05
I agree in principle, but that's not how the incentives are set up. A whale can throw money on their own posts already, shitty or not.
👍  
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vote details (1)
@svkrulze ·
$0.02
Brilliant write up. I hope people with high SP read this and use their voting power more judiciously then they currently do. 

This is a general statement not directed towards any individual as I am nobody to judge which content is worth upvotes and which is not. At least, I can't decide  for others not can I suggest.

It's rather a call to everyone who votes to understand that each vote matters, that each vote will impact the success or failure of Steem. The more SP you have, the bigger the impact.
👍  ,
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vote details (2)
@eonwarped ·
$1.12
Agreed. I think the simplest is to do the analysis and call out bad behavior and react. Other way works too on finding undiscovered posts. Thankfully there are a lot of efforts on that front too.
👍  
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vote details (1)
@thatanimesnob ·
$0.02
1. Paid advertisement, nothing wrong in that

2. While paying bots to vote posts of other accounts is fine?

3. Who decides what is fair or accurate in a decentralized platform?  

4. Not without flagging / downvoting being promoted  

If you don’t have enough voting power or followers with high voting power, your opinions or claims do not matter as much as those who do. This is not an opinion.
👍  , , , ,
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vote details (5)
@eonwarped ·
$1.22
About who decides: Money talks. On the first level, it's SP holders maneuvering to assign value. On the second level, the market is some signal of approval for what is happening on the platform.

If the SP holders don't do a good job, we are all doomed :). That's how I look at it. About how the market values? Well for the platform to be valuable to potential social media advertisers, there needs to be people there. People leave if they all think steem is a rat hole with no hope of improvement.
👍  
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vote details (1)
@thesteemengine ·
Congratulations! This post has been chosen as one of the daily Whistle Stops for The STEEM Engine!

<center>[![](https://ethandsmith.com/wp-content/uploads/2017/12/commentSTEEMengine.jpg)](https://steemit.com/@thesteemengine)</center>

You can see your post's place along the track here: [The Daily Whistle Stops, Issue # 47 (2/16/18)](https://steemit.com/curation/@thesteemengine/the-daily-whistle-stops-issue-47-2-16-18)

The STEEM Engine is an initiative dedicated to promoting meaningful engagement across Steemit. [Find out more about us and join us](https://steemit.com/introduceyourself/@thesteemengine/introducing-the-steem-engine-initiative) today!
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@tripdespider · (edited)
$0.32
Hello. As a new member to Steemit I am still exploring all there is to Steemit. 

So far I have noticed few of the things you mention and I agree with most of them. Some others I don't yet understand well enough to have a clear position about them. Here is a long comment on those I have opinion about.

---
I did a few small experiments with bots and so far I see them only as a tool to get "noticed" in trending/hot categories. On the other hand I have a feeling that not that many people are checking the feed from the tags in order to find content they will read/watch/listen to. My opinion is based on the two facts:

Firstly I don't do it. Usually I go and check what is new on the blogs I like. After that I check @thesteemengine promotion channel and curation posts by @enchantedspirit and @ethandsmith as they are far better at finding good content then both my hot/trending feeds and my own feed. If they have covered the topics I am not interested in then I check what have people whose content I like upvoted and check that. I only end up checking the feed of specific hastag when I am chosing tag for our posts.

Second point is that trending/hot posts (at least those in the topics I am mostly interested) are garbage compared to what can be found under the same tags if you are lucky enough to run into it.

---

Now a bit on how I see the economic aspect of bots. So far we have spent around 5-6 sbd total in various sums on votes from minnowbooster mostly out of curiosity. Based on what I have seen I don't think they offer any gains in form of self voting.  If I am  correct when 25% from curation is cut from the post, and when remaining reward is split 50:50 (which I still don't get how it is 50:50 when we get far more SBD than SP from the reward) you get nothing or next to nothing. You might even lose money.

---

Although I understand all of that there is a third reason for using bots, and that is frustration. I am still fresh, but there ought to be some frustration from the garbage that is filling trending/hot in some of the categories. I can't say with certainty that is the case in all categories, but it is in gaming.
At the moment the top posts in the category is some god damn cryptokitty give away and I don't even want to know what the crypto kitty is. The next in the line is some guy talking about how he decided to reward his 1500 followers by giving them a link to a contest from another guy who is going to split 100 steem among people who manage to get to the highest level in some game that looks like a terrible clone of old Diablo series. Following are two posts about poker, and one post about Hearthstone deck (which is the only post of these I even consider to have place in category of gaming). 

Now as a part of game development team that is out here to share some original content on development of the game and game itself later on, seeing those posts up there frustrates me. I don't think that in our 3 weeks here we have made the post that deserves to be on top of the gaming category, because there are probably some other good posts out there that are also buried in the heap of trash. I have found one or two so far. But I am absolutely certain that our post is more representative of the category and far better written than any of those I have talked about right now.  I can only assume that people who are competing in other categories feel the same. That is the third reason to use bots for self voting. I am itching to use the bots to get us on top of those posts and I believe lots of users are doing that for the same reason. 

---

In conclusion I think that self voting with bots can't do as close as much for the new user as engaging with the community and creating quality content. In past three weeks using the latter two we have gained friends and support, I have participated in a few live chats and two live post promotions. We have been covered in The Steem Engine Express, The Inbox Runeth Over,  Two issues of The Daily Whistle Stops and The Steemit Creative Curation Show with Shane and Isaria. Each one of those is worth more than anything bots can award. We are here on steemit to network with the community and not to play the stock market game.
Each new member of community should be encouraged to do the same, because the feeling of getting insightful comment, chatting with someone and getting legitimate upvote/follower is the thing that really means something. 

Thank you for reading this huge chunk of the post but after reading a lot  about this today I couldn't have said what is on my mind concerning  this topic in less words.
👍  , , , ,
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vote details (5)
@catweasel ·
I don't usually give 100% upvotes to comments, but yours added considerable value to @eonwarped's already valuable post.

Garbage is one issue @enchantedspirit and I are hoping to reduce. We hope that by bringing good posts to more people we can encourage some of them to make more effort themselves.

Trust me, I'm a doctor.

![Catweasel-c.png](https://steemitimages.com/DQmVwWCRVJrWYC1GfyAAnFokWhtg5sarU6r76QQR9hrSzyF/Catweasel-c.png)
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vote details (1)
@tripdespider ·
Last few days were pretty busy so we haven't been really active here, finally Friday evening came and we went out for a few beers. I came home now and logged in to write some replies. Now I know exactly what I want to reply to you, but I am a bit to tired/drunk to remember some English words I need to express what I wanted to say. I will come back with a reply next time I am at home and sober which should be somewhere around Sunday :)
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@tripdespider ·
Ah damn I forgot I even wrote the drunken lamentation as my last comment... 
Basically what I wanted to say is that I am really grateful to people like you and @enchantedspirit who invest their time to scout through all the garbage on the platform and select creative, quality post to bring them more visibility.

You are making this platform a place worth staying, keep up the good work!
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@eonwarped ·
Thank you for your thoughts! 

**Concerning trending/hot**: I still check these feeds when I'm about to go on my own search for content outside our "neighborhood", though admittedly I have not had the time to do so. You are right that most of it is upvoted garbage, and wish that there was more organized effort to target that as I scroll through the feed. I also suspect many others use this feed, and that we are in the minority (no proof, but just because that's what I was looking at before). 

**Concerning bot value:** Curation does indeed take away a lot. However, people use them because even then there are returns. See [this post](https://steemit.com/steemit/@eonwarped/bot-bids-bot-tracker-and-you) for an analysis, but the short of it is, you need to time the vote ASAP from post time. Also, [SmartSteem](https://smartsteem.com?r=eonwarped) has rewards that take the chunk that curation takes out into consideration. (Disclaimer: referral link). It has some other interesting features as well, e.g. vote selling for any unused voting power you might have. One other factor is you need to consider both SP and SBD market values in terms of payout. My post does this computation, but you can think of it as forcing yourself to buy STEEM with part of your bot earnings. You may very well get less SBD back.

**Finally, about interaction**: Nothing beats human networking long term, so I am glad that is what you have been doing.
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vote details (1)
@tripdespider · (edited)
I don't believe I will use vote selling. I really love reading other posts and giving upvotes where on the posts I personally appreciate. Upvoting is another way of connecting with people in my opinion. I believe that tones down a bit once you are getting 40 votes per post. but while our regular posts get around 10 votes I still check out every person who has voted on our posts. I am interested in who are the people who find our content interesting.

I will take a look at the links you posted, at the moment I am getting ready to go out, so I will leave it for the later.
👍  
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vote details (1)
@twodollars ·
$0.02
I wrote a post about an idea called [Steeminators](https://steemit.com/flagging/@twodollars/new-idea-for-steemcleaners-to-combat-things-like-rewards-pool-abuse) to combat things like rewards pool abuse, and I think you might find the idea interesting. Unless something like steeminators is implemented, then I think rewards for the typical person will continue to move towards the rewards portion of the yearly STEEM inflation rate because more and more tools will likely be developed that enable people to get much of the benefits of self voting without blatantly self voting. One popular tool that already exists to do this is delegating to minnowbooster (i.e. per their own words, "delegating STEEM POWER to the @minnowbooster bot and get roughly the returns you would get if you voted up only your own posts, but without the shame!" Disclaimer: I currently delegate some steem power to minnowbooster, and I also self-vote fairly often.
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vote details (1)
@eonwarped ·
$1.17
Vote mixers lol. Won't those be fun to chase down.

I was thinking about delegation but in the end I prefer to self vote. Unless the returns  are better, I probably will skip it.

I did take a peek at the proposal, and will comment there about it there. Thanks!
👍  
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