Without really being much of an expert, my take on the whole bid bot thing is that they are a reflection mostly of the fact that Steemit has pretty poor "streaming" of content. When we publish something, it doesn't get "sorted" into a category where we can then look at things that interest us and build community around that. Everything ends up in one big pile, and the "new" feed moves so fast that the good, the bad, the ugly and the brilliant has scrolled by — potentially unseen — in seconds.

Of course, some people are simply greedy. They are not here to create content, they are purely here to use Steemit as a giant "cash dispenser" and could care less about the community and whether it lives on beyond next week.