No crystal ball, but the incentives and outcome of those incentives seem pretty clear.
- Any content can reach the Trending page by buying votes.
- Given that, would most people invest time and effort in quality content, average content, or shitty content if they all have the same outcome?
- This would cause the content on Trending to trend downward in quality, meaning the fundamental connection of "high payout" = "high quality" is broken.
- These actions will devalue SBD, Steem and Steemit as a whole since its associated with less and less worthwhile posts.
- Yet, to buy votes, you must invest in SBD or Steem, which means you funneling value into a system that ultimately degrades that value over time.
Conclusion: The rent-seeking behavior of bidbots is not sustainable compared to the original goal of 'high payout' = 'high quality' where readers and content creators are driven to the platform to find quality work and connections.
For real-world examples, look at the 2008 housing bubble - people were inflating a system of shitty assets because everyone thought they were worth more than they really were. As time went on, the assets just got shittier as more people entered the market buying homes at inflated prices with loans they could never afford. All of it driven by greed.
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