Are you considering the fact that those who use bid bots are probably a few of that select group of people who actually buy Steem on the market? I knew a guy here who was buying $200.00 of Steem every day to buy votes from bid bots. I don't use bid bots I don't have the money for that, but I do think you should first see all the ramifications before wishing for something.
This is a fair point.
A large stakeholder self-voting 8/9/10 times a day could be considered equally, or even more draining, both socially and economically.
correct....good point.
People only need 200$ worth of Steem once, there is no need to keep rebuying Steem, they just recycle it. - Promoting on bidbots is practically free, so that drives very little demand for Steem. And I have no issues with proper bid bot use.
Not if you are voting every day, I think you would need at least 14 days of buying to reach a moment when you can get 200 a day from rewards without having to spend money. I really haven't done the numbers but don't you get in liquid Steem a the most 50% of your rewards?
The point is people who buy votes get there money back. Even in the extreme example of someone promoting post 200$ every day, they still don't lose ROI and will eventually hit a point of being able to recycle without needing to buy more Steem. So yea, it may be a short term price increase but that is it, and when the person is done promoting steem, they can dump all the funds they used to buy votes back on the market. Free advertising dosent work well in the end.