No more pissing contest

I'd like to interject that I was not, in fact, including EQ as an effect (considering it's built into the bass). Compression is a little different, because it is often used on bass, so that's good to know (I sort of already knew that, though, from recording classes). I was mostly talking about distortion or other strange things people might do (the guy in Muse does some strange things).
Just remember: a rose by any other name would smell as sweet. So let's try to avoid getting into too many technicalities here
Right.
In that case heres my take on fx that can sound fantastic on bass:-
1. EQ (look bear with me here!)
2. Compression (mild to mental, it all has a place)
3. Limiting (Pretty much a must have for digital recording)
4. Gating (noise 'reduction' or as an effect, play whole tones then side chain the hihats and gate of them, play with the attack to make the bass out of phase with the hats)
5. Ducking (duck the bass sidechained from the kick to create frequency space for both)
6. Overdrive (uber popular for rock,punk, well anything aggressive)
7. Distortion (see above)
8. Fuzz (Anyone remember The Silverfish, or Mudhoney?)
9. Envelope Filters/Phasers (go straight to PFunk, do not pass go do not collect £200)
10. Chorus (A world of jazz baby. Interestingly a lot of goth/new wave bass sounds relied on chorus very heavily)
11. Phasers (back in the funk vibe. Also can be really nice for electronica inspire sounds. Absolutely fantastic after a heavy distortion or overdrive though. Massive)
12. Flangers (Somewhere between phasers and chorus in their application. For a very distinctive sound try one after distortion, set the mod speed to 0, then play with dpeth and feedback to change the tone, can be another electronica gem this)
Mix all the above together at pretty much the same time to achieve Bootsy Collins levels of bass fx mastery:-
https://www.youtube.com/watch?v=kS5DLL9TlqM
From this article on Bootsy:-
http://www.bassplayer.com/article/william-bootsy-collins/Jul-05/10770
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Classic Mothership Connection Tour gear
Custom Space Bass (built by Larry Pless),
Alembic F2-B preamp, Crown 300 power amp,
Mu-Tron III envelope filter, Morley Wah/Fuzz, Electro-Harmonix Big Muff distortion,
Oberheim Echoplex, Mu-Tron Octave Divider, MXR Digital Delay, two Cerwin-Vega speaker stacks, each consisting of a 1x18, a 1x15, and a 1x12 + horn
Current gear
Space Bass, custom F Bass, Alembic F2-B preamp, Alembic Super Filter, Roland Space Echo, MXR Digital Delay, Pro Co Rat II, Electro-Harmonix Big Muff distortion, DOD Thrash,
DigiTech Grunge, DigiTech Whammy Pedal,
Boss BF-3 Flanger, DOD Envelope, two Mu-Tron IIIs,
Electro-Harmonix Bass Micro Synthesizer, two Crown Micro 5000 power amps, two Crown Micro 3600 power amps, eight custom-made cabinets with Electro-Voice speakers: two 4x18s, two 4x15s, and four 8x10s
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Doint know of many people who really outdo Bootzilla on fx mastery. They may have more, but they dont use them better.....