Re: Buying Votes = Infinite Profit

I wrote this earlier:

https://steemit.com/steemit/@hodlorbust/buying-votes-infinite-profit

Then spent a few STEEM and SBD to upvote the post using paid votes. Some votes netted me ~36% ROI or as much as ~47% ROI.

Here's my overall plan:

1. Put a % of my regular earnings into buying upvotes for SteemIt posts,
2. Get 110-115% of my payment in author rewards,
3. Spend the SBD and STEEM rewards on buying more upvotes. This will achieve a growth on the STEEM Power amounts leftover.
4. Use the STEEM Power to delegate to a bot (or bots) that pays % revenues back to delegators: http://isteemd.com/
5. Use the income that comes in from delegating STEEM power to fund additional bought votes.
6. Rinse, wash, repeat.

It's tough to tell what the rate of return will be for this strategy without having a more accurate breakdown of how author rewards work, which seems to be variable instead of 1/2 STEEM and STEEM Power each.