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RE: Daily Payout Timing Changed..... | @whalebuilder
My friend, that would be a biased model. If total bids are always less than bots vote value, the bot will always be in loss. Bidding is always speculative. Sometimes you get a thing for higher its worth, sometimes you get it for lower its worth - Bidding is just like that.
Ok but when you vote, it doesn't cost you anything. In fact you earn curator rewards. So how can it be loss to cost nothing AND receive bids?
That is right, it doesn't cost you anything to upvote but your Voting power. That applies when you have all SP of your own. Bots have a different situation. They are being delegated SP by other users, which they have to pay daily. They lease the SP by investing STEEM. These are the variables that need to be considered. Total vid amount for a day is used to cover these expenses for that day. I hope you understand.
Hi, not really. So the invested bids are converted to SP immediately which then increases the voting power of the current vote? Or the next one? If the bids are converted to SP and the bot votes and it doesn't cost bot anything, how does the bot make losses? The SP can just be converted back into SBD if the wallet owner chooses. Voting doesn't reduce your SP it only reduces your daily voting power. So all bids are profit for the bot owner who then returns losses to the bidders. Is that correct?
It doesn't cost me anything when I vote, it just reduces my voting power. I assume bots use the same principles but just do it through code and the API interface? Being careful with my assumptions here, of course.