Steem Basic Income - Member Upvotes Drive Sustainability (25 May 2018)

in #steembasicincome7 years ago (edited)

Steem Basic Income

Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.


Many of our members use the #steembasicincome tag for their contests, so check there for contests that we might not have resteemed!

Still Going Strong

We are up to seven pools, so your upvotes could come from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, or @sbi7. We currently have 2385 members that have posted within the last 28 days, and many more members that have not. Unfortunately the members that are not posting are not receiving upvotes. There are currently 14175 'shares' in the program, and it grows every day.

Support from Members

Thank you all for your support! Upvotes that we receive from members are an essential component to keep delivering a sustainable basic income!
img source: http://www.steemreports.com/top-voters/@steembasicincome

All members that upvote consistently are rewarded with a bonus increase in their voting weight. To get the best benefit, we recommend using @steemvoter or @steemauto.

We have updated the targeting this week so that members get full bonus if they upvote each update, even if we miss a few days. Members will see that extra boost start to reflect in their results as we complete the next round of rebalances.

We have been using some of the fixed-return upvoting services again, and you can see their impact in the chart. It definitely helps boost long-term sustainability, as you can see in our 28-day SP rewards:


@steemsql DB, with visualization in Power BI

Enrollment

If you want to get involved, or to increase the share of basic income that you receive, enrollment is very straightforward:

Just send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the transaction memo (preceded by @). You and the person you sponsor will each receive 1 share in the program. You can sponsor any active Steemian, it does not have to be a current member.

If you're unclear, please check out our full transaction memo guidelines and then let us know if you have any questions.
https://steemit.com/basicincome/@steembasicincome/steem-basic-income-new-transaction-memo-guidelines

The official currency for enrollment is STEEM. We are not currently accepting SBD for enrollments. Enrollments are still validated manually, and typically take 2-3 days to process.

EarthNation

Steem Basic Income is designed by @josephsavage, and developed in collaboration with @earthnation. We are grateful for their early support, both in brainstorming ideas for improvement and in providing funding for our massively complex automation requirements. Learn more about Earth Nation on their web page at https://earthnation.world/

Questions?

Please read our recently published FAQ. Most questions are addressed in our FAQ or in the additional resources that it suggests. If you still have questions, ask in the comments section or join us in our new discord server.

To review your share counts, we explain our tracking sheet here.

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How often do you have to up vote and with how much voting power to increase vote weight on up votes from @steembasicincome? :) I saw something about tiers yet I didn't really understand it.

1 steem is 1 share. You can also nomonate another account and they will also get 1 share. If you do not nominate an account they will randomly select an account to give that extra share to.
You can have 100 shares in each pool (currently 7 pools) and if you upvote steembasicincome once a day you will get a 100% bonus. So if you had 10 share they will give you 20 shares for upvoting then once a day. They calculate this bonus on a 28 day rolling cycle. So if you only vote 14 times in 28 days you get 50% bonus. This is based on you voting at 100%. Once they go automated they said that they will give bonus shares for those who have a higher voting weight.

You can check out your current shares and what pool your in once you have been inrolled ( this can take up to 4 days) using this link.

https://docs.google.com/spreadsheets/d/e/2PACX-1vRhhnY8couo1lPKsOBLvwS1hfvVAlB6SrhAHWiM3qXOVep_AUenh97SyPAsMCBWH26HgCOrclNl31BZ/pubhtml#

Ah thank you so much @andrewharland yeah I was wondering about the voting weight. And we are talking bout upvoting the posts on their blog feed right? Not the comments? I sent 5 STEEM so I should have 5 shares I guess :)

Thats right. 5 shares. You can also vote on thier comments as they dont always post every day

Cool! :)

I just sent in 5 STEEM and sponsered one account.

I hope I did not make any mistakes.

It's fine to send larger transactions like this for a single enrollment.

A very wonderful job of the #Steemitbasicincincome program that has been inside it will grow and grow for every day, this post aka me redeem .. thank you for sharing

Thank you for being so patient! We’re slowly catching up with our SP! Almost There!

Most recent user guide released on: May 14th

As a friendly reminder, the current upvote fee is $0.12 SBD ($0.121 for incognito). Current 300%+ upvote is now $0.36+ SBD.

Join our 10 SP Challenge!!!

Simply click this link to delegate 10 SP Now!

Or delegate any of these other amounts and make a "striking" return on your investment!
50 SP --- 100 SP --- 200 SP --- 500 SP --- 1000 SP

That being said...

BOOOOOOOOOM!!!

The ground shakes as incredible power lights the sky. The thunder tests the quality of your post and deems it worthy, rewarding it with a 300% upvote and comment from @thundercurator.

Increase your chances of a 100% upvote and support the project by:

Investors who delegate SP to @thundercurator are entitled to 75% of @thundercurator income after curation. Get on-board early and grow with us!

How long does enrolment usually take? Its been two days and I have not seen it go through

Enrollments are still manually processed and typically take 2-3 days.

it seems to have been much longer than that....

Looks like I missed one. It will be processed in the next batch. I apologize for the longer delay.

Hello @steembasicincome ! I Have a question : How does it come that the percentage of upvoting (1%) is still the same for months while I have now more shares + I'm upvoting your posts daily with steemvoter for a few weeks now..?

Check out thier data section of this sheet https://docs.google.com/spreadsheets/d/e/2PACX-1vRhhnY8couo1lPKsOBLvwS1hfvVAlB6SrhAHWiM3qXOVep_AUenh97SyPAsMCBWH26HgCOrclNl31BZ/pubhtml#
It hasthe latest frequency data in it.
Bonus shares are based on 28 days so it may take some time to get 100%.

As regards to you voting persentage as the pool fills up with more members the sp also goes up. This increase in sp is apart of your percentage calculation. So ecen if your percentage stays the same the voting weight behind it has increased.

I have had added several shares in the past and my percentage has still decreased.

The biggest thing killing the roi at the moment is the drop in steem price. Howver i see this as a good opportunity to buy.

I have to confess I understand a very little to these data and whole shebang ...LoL..;I just basically trust there are people that know what they are doing and are well-meaning...
Thanks a lot for your trying to explain something to me @andrewharland ! ^_^

@andrewharland is correct, the % is holding steady because your growth is in line with the overall growth in the pool. But the SP backing that % is growing. 1% upvote from 25k SP is the same as 10% upvote from 2500 SP.

Another way you could look at it is that if your shares weren't increasing on pace with the pool, you might eventually drop below 0.50% and move into pool 2 where you would get a higher % upvote but from lower SP, so actual weekly value would be close to the same. (About 5% lower on average.)

Oooh...ok, thanks for the explanation @sbi4 ! ^_^

How much tim/e the enrollment does take? I sent 3STEEM for the 3 persons yesterday, and I still don't get upvotes... Also it doesn't seem that the google sheet registered me, as the last registered person is form 24/05/2018, That's two days ago.

I hope this is normal.

Please read the FAQ that is linked to on the bottom of every post. Processing enrollments is done manually and takes a few days.

Thanks, sorry I usually read those, I was impatient. I'll wait.

Thanks for the update, I just received an upvote on my post tonight. Right on time!

Hello I followed you please follow back

You are doing well.i am happy with your services

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