| json_metadata | "{"app":"Musing","appTags":["Blockchain"],"appCategory":"Blockchain","appTitle":"What are the benefits of bid bots on steem blockchain?","appBody":"<p>A lot of Steemians like to pile on bid bots. But I'll offer an alternative perspective. Let's consider the value proposition of STEEM the cryptocurrency. It is the monetization of attention. A bid bot exists to upvote a post to give it more visibility. For this purpose it needs Steem Power. Visibility is needed for promotion and advertising. The possibility to rent Steem Power to buy visibility translating into attention is one of the most important things to give Steem Power value. If no mechanism exists to cash in on Steem Power, (liquid) STEEM will have no value, either. There is currently little in the way of advertising or commercial promotion on Steem and the value of the entire platform is nearly completely speculative. But this will have to change in the future for STEEM to be able to continue having value and not end up just another investment bubble.</p>","appDepth":2,"appParentPermlink":"f32jpc785","appParentAuthor":"saburisaburi","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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