Bidding bots are a gaining more and more dominance as a normal practice on Steemit. Beyond the discrepancy among steemian's opinion on bots within the platform, this is a system that has brought positive outcomes for the native crypto economy, specifically can be a reason to pump the price of STEEM and stimulate the platform's liquidity growth.
The bidding bots might have changed the game about how curation works, the power to decide on content value is getting away from the hands of the community and now delivered to commercial marketing. This has raised ethical questions and purists criticism on the intended mission of the platform. I think it is ok to debate these kind of things, everyone has right to have an opinion about it, and we all want the best success of Steemit and subsequently our own, but in hope to shine some light into the subject, I think there are many financial benefits that are worth to mention.
The bot system has stimulated the usage and spending of liquidity (SBD) within the platform, the flow of capital is remaining for longer periods on the native economy, as well as pumping by default the increase of Steem Power in users. The logic of using these bidding bots is to bet SBD to get quicker and bigger rewards in Steem Power, thus strengthening Steemit's economy with more STEEM vested on the platform. It is like making every steemian to put more money in the savings account and subsequently making the voting reward pool bigger, increasing the earnings of the entire platform. Betting on having more Steem Power is always the best policy for the future of Steemit and the community. If the STEEM economy grows this will affect prices of the token beyond Bitcoin's performance and total crypto market speculations.
What do you think about bidding bots in Steemit? Please share your opinion in the comment section.
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