The whole point of cryptocurrencies (originally) was that they were meant to be decentralized and that there was a "level playing field" for anyone to participate in the currency marketplace and/or mine the currency. Overwhelmingly what is happening is not decentralization. Rather a small group of people is controlling vastly more crypto than the rest, most of the mining power is in the hands of the rich, and the average small user has very little influence.
The fact that content visibility on a so-called decentralized platform can simply be bought is a massive red flag to the long-term health of the SteemIt platform.
The rich will get richer, there's no escaping that. For 99% of us, it's just about making steady progress here, which may involve a small promotion bid when you feel it's a good time to do so.
Increasingly though, my 'good' bids are turning out to be the opposite as reckless 'overbidding' is becoming more common by the few who can afford it.
It's not just the few that are overbidding. It is also the swarm of shit posters that want quick cash grab. If you use smaller voting bots, you'll see many small bids that would bid last minute as well. I don't mind this though because if they don't learn how to use it properly, then they deserve to lose money.
So for big bots, you get whales bullying smaller bids out; for small bots, a horde of shit posters competing with you
dammit. I guess I'll just have to try and create some top quality content :D
100% agree, and it's so demotivating and unfair for the people putting a lot of time into creating content but not getting any visibility because they play it fair ... :(