| json_metadata | "{"app":"musing/1.1","appTags":["Steem"],"appCategory":"Steem","appTitle":"How harmful do you think bid bots are for Steem?","appBody":"<p>I do not agree that bidbots are harmful to Steem</p>\n<p>Steem's value depends on two things: The growth of the platform and the use of the currency after its been earned or bought.</p>\n<ol>\n <li>The growth of this platform is comparably slow. There are lots of reasons for this, including a steep learning curve. Now imagine your ordinary social media user and them being swamped by bots whose sole purpose is to generate income. Nobody wants that. Then they learn they need to pay to garner attention? The content is no longer the source of value, but rather buying someone's vote is. That's stupid.</li>\n <li>The only argument for bidbots is giving quality posters fair value for their votes via visibility. But how does this contribute to the value of post-distributed Steem? Your purchasing a claim to a token that has very little use case outside of producing more of the token. Sure, you be able to make more Steem, but why should the price of Steem be higher? You are distributing more rewards to spammers who are the most likely to cash out. Reducing demand and ultimately the price.</li>\n</ol>\n<p>Bidding bots don't increase the value of post, they increase token rewards. But those tokens are useless if everyone just sells them out for Bitcoin. Sure, you get influence holding the tokens, but who cares about influence when you can buy votes?</p>\n<p>New users aren't going to buy into such a convoluted system where the focus is on fucking the rewards pool rather than making content. Vote Buying encourages such behavior. It's easy to see why so many people stop using the service. And when people stop playing the game your token is naturally going to lose its value in price.</p>\n<p>But its okay, these bots were made for a noble cause. Instead of actually taking the time to curate and read the damn posts and spend time sorting through the trash, we going to only vote on those that pay us for our \"service\" to the community (even if it is that same trash). Social Media was designed for people to connect with each other, not to view as potential customers. And now more than ever, searching the trending page, it seems like its full of advertisements for services more than anything. And I hate ads.</p>\n<p>If everyone uses voting bots, is Steem a better place than if no one uses them? Because if not, there's no reason to use them at all.</p>","appDepth":2,"appParentPermlink":"p3h35nuyq","appParentAuthor":"acesontop","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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