Anonymous, WhiteList Only BidBot. Upvotes & Moderate Flags. Unique Delegator Rewards. 20K SP and Counting
Meet @Bid.Bot, the all-in-one ethical Steem bot for upvotes, moderate downvotes, and stake monetization. This Bid Bot, run by a team of professionals and seasoned Steem investors with the communal interest of all the users and stakeholders in mind, offers unique features.
- Automated whitelisting (over 20K members by trusted curation initiatives and counting) + blacklisting
- Incentivized moderate flagging by credits generation.
- Full anonymity and privacy protection against flag revenge. Encrypted memos only.
- 95% shares for delegators + 10% daily credits
Avatar based on an original idea of @fabiyamada
Intelligently Curated Whitelist & Blacklists
No machine or bot on the blockchain can effectively recognize content of quality that is worthy of promotion. This is why we have to rely on the efforts of human curation initiatives to ensure only genuine quality content creators are permitted to use the services offered by @Bid.Bot.
Bidding on upvotes and downvotes with @Bid.Bot is limited strictly to users with a Steem reputation equal to or higher than 65 (will be increased over time based on users behaviours), and/OR users previously upvoted by any of trusted curation initiatives listed below.
More specifically you should have received at least an upvote from any of the following curation initiatives, never a downvote or an unvote. If an unvote was casted you may still be whitelisted if a consequent upvote was casted.
In addition, several blacklists, are used as fallback to ensure @Bid.Bot is never available to those who do not have the blockchain’s best interests in mind.
| Trusted Curation Initiatives |
| @curie |
| @utopian-io |
| @ocd |
| @steemstem |
| @sndbox |
| @msp-curation |
The above is not by any means a complete list of trusted curation initiatives. The whitelist may grow over time
Reward Pool Protection - The First Incentivized Flagging Bot
Steem bidbots and voting services are disliked by many and not without reason. No one enjoys seeing the trending page full of low-quality posts promoted for monetary gain alone, and the rampant abuse of promotional services by the greedy driving promising content creators away from the blockchain.
Numerous attempts to balance the reward pool distribution to combat the abuse have been made, but few had any impact. @Bid.Bot is the first to offer anonymity to all its users and incentivizes the moderate flagging of overvalued posts.
100% Anonymity Against Flag Revenge
Due to the unique features offered by @Bid.Bot, and in attempt to combat rampant abuse of curation reward distribution (through pre-running trails that scan bidbot wallet activities), bids sent to the @Bid.Bot are only accepted in the form of encrypted memos.
Encrypting your memo before sending upvote or downvote bids to the @Bid.Bot is easy, and instructions can be found in this guide.
While your username is still visible in the transfer, it is virtually impossible to identify the target of the flag, effectively protecting you from a flag revenge. Unencrypted memos will be rejected and sent back to your wallet.
Example of encrypted bid memo for flagging:
# flag https://steemit.com/steem/@bid.bot/howto
Why flag?
Downvotes (flags) have a very negative reputation on the blockchain and are often seen as an offensive and personal attack. This reputation stems mostly from the way downvotes are built into the Steemit frontend. Most often used to downvote spam and similar unwanted content, downvotes have another very significant role on the blockchain that remains widely unused: balancing the distribution of the reward pool by downvoting overvalued content.
Until today, Steem minnows had no way to influence the reward pool through downvotes. Without sufficient SP and with the fear of retaliation, all they could do is feel frustrated at the current state of reward distribution. @Bid.Bot is here to change that.
Moderate Flagging & @Bid.Bot Credits
“Bidding on flags? That will cost me STEEM / SBD, so why do it?”
@Bid.Bot reserves the liquid SBD/STEEM used to bid on a downvote in the form of “Bid.bot Credits”, stored through memos in your Steem wallet.
These credits can be used to bid on upvotes for quality posts.
It is important to notice that flags have lower maximum cap compared to upvotes. A bid for an upvote can be in total (summing all the bids for the post) maximum 150 STEEM / SBD, while a bid for a downvote maximum 25 STEEM / SBD. Such difference is implemented to prevent abuses of the flagging system and incentivise moderate flagging only, in addition to the reputation/whitelist + blacklists requirements.
Example of accumulated credits in your wallet via unencrypted memo (for transparency):
Credits Balance STEEM: 15.000 SBD: 25.000
Example of encrypted bid memo using accumulated Bid.Bot credits:
# from-credits 5.000 STEEM https://steemit.com/steem/@bid.bot/howto
or
# from-credits 5.000 SBD https://steemit.com/steem/@bid.bot/howto
Moderating Overvalued Posts
As mentioned above, @Bid.Bot is one of the only upvote purchasing services available to require the encryption of memos. This means anyone can check the wallets of most bidding bots and automatically identify the posts about to receive a significant upvote. By voting ahead of the bidbots, runners of such scripts are effectively abusing the curation reward distribution system. @Bid.Bot lets you do the opposite. Using the same information available in the wallets of most bots, you can mitigate crazy payouts by sending your flags via @Bid.Bot.
In addition, @Bid.Bot has a balancing system in place. If a post receives both a downvote and upvote bid for the same post via @Bid.Bot, the correct sum for upvoting or downvoting the post is calculated automatically according to the bids made.
Remember that while you cannot decipher the information in memos sent to @Bid.Bot, you can still see what posts were submitted to other bidding services on the blockchain and react against overvalued contents.
Up & Running
We, the team of professionals behind @Bid.Bot, have full faith in this project, and have powered up and delegated an initial sum of over 20,000 STEEM (purchased especially for this project) to @Bid.Bot in order to make it immediately available to users.
You can start sending your bids immediately to use this STEEM power to upvote and downvote posts on the blockchain. Find out how in this guide.
Support & Earn by Delegating
Supporting the @Bid.Bot is not only helping safeguard the reward pool, but is also an attractive opportunity to do so while monetizing your stake on the blockchain.
In addition to 95% of shares paid out to delegators in liquid STEEM/SBD, you will be able to accumulate Bid.bot Credits reserved for you to use in bidding on upvotes.
Earn Shares + Bid.Bot Credits!
For every transfer of liquid rewards to your Steem account (according to your delegation value), an additional 10% will be generated and reserved for you in the form of Bid.bot Credits. This will allow you to continue using some of your delegated SP as though it is still controlled by you to upvote quality content you deem worthy.
Delegate Now Via Steem Connect
Copy/paste the following link, change the variables as detailed below, and paste into your browser URL:
Set the sum of SP you would like to delegate.
Replace youraccount with your username.
Replace 1000 with the amount you wish to delegate.
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=youraccount&delegatee=bid.bot&vesting_shares=1000%20SP
You will begin receiving daily share payouts as of that moment on.
Originally based on the battle-tested @postpromoter source code. @Bid.Bot will also be Open Sourced.
Bids Are Open!
Start sending your bids immediate. Learn HOW
Get in Touch
Have a question? Join the Bid.Bot Discord Server
Why this Post was promoted via other BidBots?
If there was another way to promote the @Bid.Bot initiative, we would have been more than happy to use it. Without the use of bid bots it is impossible (or likely very hard) to get enough exposure. We at @Bid.Bot hope that our services may make promotion more accessible and fair. We also hope other existing bid bots will experiment and adopt new measures against abuses and overvalued posts.
ALL INFORMATION PROVIDED FROM OR THROUGH THE USE OF @BID.BOT AND ANY OF ITS SERVICES DOES NOT CONSTITUTE INVESTMENT ADVICE OR ANY FINANCIAL RECOMMENDATION. NO FINANCIAL DECISIONS, OR ANY OTHER TYPES OF DECISIONS, SHOULD BE MADE BEFORE USERS SEEK OUT PROFESSIONAL ADVICE OR UNDERTAKE THEIR OWN DUE DILIGENCE.
Hello @bid.bot, thank you for including @sndbox in the whitelist of trustworthy initiatives! We sincerely appreciate it and are humbled to be among such precedent setting Steem-powered projects. All the best!
A pleasure!
I personally have just delegated 500 SP to this cause for now and not because you chose to include us on such a list. I see great value in possible encrypted flags that will allow people with the best Steem’s interest in mind to "safely" battle some of the reward pool’s oppressors. For the current Steem’s situation this is one of the best “solving projects” till this day. I salute you. Let’s see how the white/blacklists will work because that is the core building stone of the whole system.
As you have listed @steemstem as a trusted curation provider I will be increasing your power by 10K SP, from me personally. :)
@justtryme90 A M A Z I N G!
Thanks for that. On behalf of everyone in @Bid.Bot, we look forward to an awesome and long collaboration with you!
If you have any question, join us on Discord
Thanks a lot for your trust in steemstem. We really appreciate this sort of messages one in a while ;)
We @ Steemstem look forward to working with you.
Really? Actually, @steemstem is not really looking to work with me, as I (co-)run the steemstem project...
That would mean you don't work with yourself though.
Do you think I should tell people I use clones? :D
I forgot the "co"... shame on me ;)
Well I like the concept of a promotion service that is centered around quality content creators and not just random spammy nonsense. There should be a market for good content creators to put extra eyes on their work, and one that does it for a fair price. What you describe seems like this could be one such project. :)
Plus I appreciate the recognition for the hard work the @steemstem team puts in.
So, so far... win win.
SteemStem is proved to be a great initiative and for sure the initiative we trust the most! Thanks for providing the SteemStem blacklist. It is going to be integrated very very soon.
http://a1leathershop.com/
Why would you think this is acceptable?
Hi @bid.bot!
Your post was just upvoted by @utopian-io. We invite you to join our developer community on the Steem blockchain to crowdsource and Open Source your project development and promotion with Utopian.
Thanks for adding @utopian-io in the list of trustworthy curation initiatives!
Contributing on Utopian
Learn how to contribute on our website.
Want to chat? Join us on Discord https://discord.gg/h52nFrV
Thanks so much @utopian-io!
@Bid.Bot is willing to Open Source very soon!
Our pleasure :)
Jay jawan jay kishan ka naara
If I get this right. All the times I send SBD or STEEM to flag a post, those will be credited back to me and I can use them to boost other posts?
You got it right! :) Credited back as tokens you can use to boost QUALITY posts based on the criteria mentioned in the announcement. If you have more questions don't hesitate to contact us on Discord
Thanks! Are they created as liquid transfers of STEEM / SBD? How do you prevent abuses of the flagging system?
I wish you luck although i wont be using your service since automation of reward distribution im not a fan of. But any improvement is welcomed and should be applauded.
Few things.
Firstly, knowing that "non remarkable" content is the content that fuels the bot economy do you think you will be able to receive delegation and maintain it knowing you effectively cut off close to majority of bot customers?
Do you think the whales that already delegate to bots will care about the ideals you try to follow, or is your delegation target those that have SP but were looking for a reason that can sooth their conscience before delegating?
I fear that would lead to even higher Bot SP delegation and really wouldnt be good at all for anyone.
And also, if someone did downvote me, couldnt i just look at the downvote amount. See how much id need to pay for that, and do a price and time comparisson with Gina info and your wallet info, thus tracking down the downvoter?
Couldn't agree more!
Our automated whitelist counts already 20K members plus all the members who have 65 reputation or higher. Delegators at some point will have to decide between maximised rewards and short-term gains or long-term benefits and fair profits. If our bot gets adopted from the mass, delegators should gain the very same profits or more while also caring about the long-term vision.
We think there must be a change and we are bringing it to the table. The current promotion system is broken and everyone can see that. Whales see it clearly. We don't aim to fix all the possible issues linked to promotion on Steem right now but we pretend to solve the worst ones. Will they get on-board? Good question. Let's see!
Nope. Bids are merged. One vote may contain both positive bids and negative bids against the target post, making very hard to guess who triggered the downvote. There may be cases where a post is both boosted and flagged. If a flag or an upvote is triggered, it will be based on the amount of the positive and negative bids compared.
Thanks for your feedback. Come chat with us on Discord
So that is why you pushed this post to 1k with attempts to use services which you disagree with in the first place?
I find it really funny. It's like: "Case, meet point."
No post by a new user should be allowed to get a boost like that. But it is.
I don't find it funny at all as there are people who believe that they are right even they are obviously wrong.
In Hebrew we have a saying: "The owner of capital is the owner of opinion". They can afford to push their belief and spend money advertising it. I am constantly shocked by the duality on steemit: users who rejoice at every 0.10 upvote because they WORK for their content, and want RECOGNITION, and a group of stakeholders throwing around insane sums that 90% of users can't even dream of.
It's enough to read comments in here, There will always be an individual (or small group of people) who decides what is right and will use their all means to push that forward. That does not mean they are right regardless if they have fundings or not. People behind this project will realize sooner or later that this will not change anything and they will become only one of many hated bid.bots.
That's very possible. Alternatively, it will fail because stakeholders with enough SP to make it a significant contender in the (already overcrowded) market will keep investing with older and more profitable bots. This one cannot be as profitable as the competition because of VP spent on flagging. In fact, I am not even sure how it can be profitable at all, but the team behind this experiment probably has better math skills than I.
This experiment is a statement, more than anything. Which is why I am here, reading the comments and eating all the virtual popcorn. Steem is never boring and this is just the latest addition of things to discuss and argue about - a supposedly "ethical" bot. I am curious.
Now this is interesting. I like the way you are incentivizing flagging anonymously, so as to help prevent flag wars and to also take some of the reluctance out of using the flagging feature on shitposts topping trending.
This is so good to hear! Thanks! Come to chat with us on Discord ;)
Instead of adding another bid-bot to the over 100 bid-bots & voting-services that are already existing - you could have invested the time and effort into a project which actually makes a difference in addition to being extremely lucrative - like @steemmonsters.
Owner of @smartsteem ^
Which has its vote attached to this (clear example among many others): https://steemit.com/ormus/@mattmonarch/new-ormus-pure-white-monatomic-powdered-gold
Who uses the bot power to reward his own stuff: https://steemit.com/steemdev/@therealwolf/new-project-experienced-developer-wanted-for-cto-position
Who has just self voted a comment to get to the top, to prove what?
To prove we maybe don't need another bidbot, but for sure we need better bot maintainers.
We are not going to engage in this discussion. So please do yourself a favour and remove this comment, which only puts shame on you.
I've built Smartsteem.com from scratch - over 9 months ago. What have you done? Copying an open-source bot? Must have been difficult..
I paid for the vote like everyone else.
Bid.Bot implements:
You may have spent some time reading and understanding the functionalities before triggering a comment like that.
Thanks for your time.
Sellings flags is a dead business-model; you should have paid attention to what happened to those who tried that as well.
See above.
Credits that have no value.
aka leeching off from work of others
themarkymark has been working his ass off to create such a blacklist - you're just taking the credit. Good job!
Except we are not selling flags. I still advise to have a look to the post.
Credits that have the very same value as liquid STEEM / SBD sent directly via transfers, which value is determined by the amount of delegation and number of bidders.
The automated whitelist is custom code which is not implemented in postpromoter, if that is your guess. Still, the advise is to read the post.
The blacklists are not based on themarkymark's only but on the official Steemit blacklist which is a combination of various blacklists on top of allowing to add more via a PR. https://github.com/steemit/redeemer-irredeemables
It is understandable you may not know how that works, considering what @smartsteem is pushing to the trending on a daily basis.
Before attacking an initiative that tries to do better, do better yourself.
Can we invite ALL bidbot owners to a discord channel and let them fight it out? I would attend and bring all the popcorn.
lmao.. 4 real... but it's like wrestling in MMA, it gets boring ;)
You forgot to mention:
@steemmonsters is the best!
@therealwolf If you and the other bid bot owners capped potential losses to 0% we wouldn't need this positive ROI bot. This bot is only needed because of your unethical behavior & greed.
Other bot owners manage to do this (cap negative ROI losses) and actually pay out more money to delegators.
Checkout @smartmarket from Smartsteem.com - positive ROI.
ok thank you, will do.
This sounds like a really cool project. I am curious and interested to see how it plays out!
Thank you! If you want to learn more don't hesitate to drop a message on Discord
So, will anybody who is not on a blacklist and meets your whitelist criteria have the autonomy to anonymously downvote ANYONE they want or will there be arbiters within your organization controlling where flags can be distributed? What if I disagree with rewards of one of the anonymous investors in this project and put an order to downvote their post, will you honor that or play favoritism?
I fear a system like this could lead to some centralization (or just less decentralization) of censorship control in the system. Obviously disagreements on rewards of posts is very subjective, I just wonder if the subjectivity is in the hands of the users or the bid.bot team.
The @Bid.Bot bot does not do censorship in any way for both positive or negative bids. The only scenario where @Bid.Bot may act is by including the sender in the custom blacklist for what we is perceived as severe abuse.
Looks very promising. Keep up the good work! I am sure that many things will be better in the next weeks :)
If you mean overvalued posts getting the flags they deserve, I assume yes! Wonderful weeks ahead! :)