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RE: Why Upvote Bots are Actually Good for Steem
Well I think you were expecting a comment to the negative, so let me be the first.
your reward in 7 days time is not going to be much more, if anything, and could well be less than you have paid to promote the post
distributing the wealth is not happening via bid-bots, it is the opposite
the reward pool your vote is coming from is a finite, shared resource - buying a large vote punishes everyone else on the network
'falsifying' the numbers on trending, makes many join, understand, drop out when they realise they have to pay to play
Although I disagree with the message, it's certainly not the worst post I've read today.
Welcome to Steemit!
Hey @abh12345.
It's true that you could lose money using the upvote bots. In fact, it's easier to lose money than make money using upvote bots particulary for those just starting out. That's why it's important to learn the system well first before trying this. The $ signs in the posts make it confusing because they don't actually represent the actual dollar value. But it is possible to mak a profit. I invested $700 and I'm now up to around $900. Granted some of that is from capital gains. But yes, you can make a profit, although modest, using upvote bots.
I get your point. Delegators to the bots are guaranteed a profit. Those with money make more money. That's not too bad because those with a lot of SP did invest time, money, or effort to accumulate that much. It's only fair for them to have a return.
While the reward pool indeed is finite, there's enough of it for everybody.
I do have some issue with how the earnings are presented on the posts. It's very misleading. I've been on steemit for more than a month and there's still a lot of things I'm just beginning to grasp.
Nice to meet you!