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RE: Steemits Bidbot Business Income Analysis April '18
The bidbots bring in more investors into the steemit ecosystem as more people can buy large amount of steem and power it up. Check the largest power-up for last month, 60% were vote sellers which is a good thing for steem.
The more steem that is locked up, the scarce steem becomes and the high the value when the demand for it comes. I don't see anything wrong with selling my vote.
Is this a good thing though? Doesn't this just confirm the argument that Steemit is just a ponzi scheme?
i.e.
Investors come to Steemit be investors and simply recoup their investment by selling it to others at a markup.
vs
Content creators coming to create content, engage with others and invest in the community.
I don't think it is an either-or scenario, but if Steemit leans to far towards investment/speculation/ponzi then the platform will crash once the market crashes and the investors leave.