As many of you know I used to be against bid bots for the longest time. As they've come to grow now and a lot of SP is locked up on bid bots being used to advertise your posts and get attention on the Trending and Hot sections and it is made a lot harder for users to earn rewards for their content.
Although it is not something I personally like and I don't think its helping to decentralize stake a lot which is one of the main strenghts of a DPOS system in my opinion, I have decided to delegate my own SP to a new bid bot that will work differently from the existing ones. There will be more news about the bid bot coming soon but I just wanted to write this post quick for my followers.
I will still be curating like usual with the delegation I have and as long as I have it and supporting the @ocd project once it has started again from its current summer break.
I am hoping that there will be a change soon in how curation works as lately everyone wanting to curate has been in a big disadvantage to those selling their stake to bid bots.
It has not been easy to hold on to your stake for this long, trying to do what is good for the long term health of the platform and sacrificing rewards while most others are just maximizing theirs. Although I don't really prioritize money as much as some others do, it is not just about that. It is also about the future stake and influence over the rewardpool, knowing how many are earning so much more stake through SBD, whether they are just dumping it or using it to power up to have a bigger influence over the pool in the future but having been the first to drop curation or self-vote 100% to maximize gains is not something I am feeling reassured over that they will do what is best for the community in the future.
Anyway, there is a big announcement coming up soon and I hope the community will appreciate what we have been working on lately to make bid bots and at the same time holding Steem Power better without the need of middlemen taking a cut.
I could probably go on for hours about everything I see wrong with the current system and how its rewarding a lot of people that shouldn't be rewarded and how change is needed but I wanted to keep this short. I am sure most Steemians are aware of the same problems at this time.