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.

Still Going Strong

We are up to nine pools, so your upvotes could come from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, or @sbi9. We currently have 3259 members that have posted within the last 28 days. Unfortunately the members that are not posting are not receiving upvotes. There are currently 28464 'shares' in the program, and it grows every day.

Pool 1 accounts voted

img source: http://www.steemreports.com/outgoing-votes-info/?account=steembasicincome&days=7

With so many inactive members, we have only been able to upvote 335 of the members in pool 1! Since we have been transitioning to 400 members per pool instead of 500, this shows a higher activity rate in pool 1. We will continue to move inactives into an inactive list after 30-60 days. Since rebalance cycles take time to process, the exact cutoff for movement to the inactive list is flexible.

When a member on the inactives list begins posting again, we will see that in our data refresh and reactivate them into our lowest pool. From there they may begin moving up through the pools again as we continue our rebalance cycles.

Management shares are created at a rate of 5% of regular shares, but are currently capped at 500 per pool. Since @josephsavage has not been posting frequently enough to get value from his management shares, most of them are temporarily assigned to @thedailysneak until the automation project is finished. Since they also have not been posting frequently enough to benefit from the full count, that keeps the voting power higher in the pools. When they start posting more regularly, they will again start showing high in the top few pools.

Pool 2 accounts voted

Pool 2 upvotes come from @sbi2!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi2&days=7

With more members reaching maximum shares in pool 2, the percentage of total upvote that each receives has dropped. That leaves @steembasicincome with its one full upvote per update, and @thedailysneak with bonus management shares, at the top.

After that, the next few slices are very even. The evenness of these slices, in spite of very different posting rates among the top members, shows how effective our weekly distribution across member posting frequency actually is in normal conditions. You can click through the image source link and hover your mouse over any pie slice to see who it represents.

Pool 3 accounts voted

Pool 3 upvotes come from @sbi3!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi3&days=7

@charitybot is one of the new rising stars of Steem Basic Income. They will be moved up into a higher pool soon, but have been growing quickly and supporting lots of different accounts. Check out their page to see what they are up to and whether you want to support it with some of your own upvotes.

Pool 4 accounts voted

Pool 4 upvotes come from @sbi4!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi4&days=7
@digitalis and @factism coming up at the top of pool 4 actually came as a surprise to me. There are quite a few members in that pool with more shares than they have. As I dig into the scenario, I find that they are benefiting from a posting frequency that is just above the cut-off to be moved down into pool 5.

Under our partially manual system, we upvote in full integers (e.g. 1%, 2%, etc) and we usually move people down only when their upvote % drops below 0.50%, so it would round to 0% instead of 1%. As pools grow, the value difference represented by a range of only 1% has grown significantly. This is one of the reasons why we have transitioned from 500 members per pool to only 400 members per pool.

The automated system will handle this whole thing completely differently, and remove this area of potential abuse from the program completely. To be fair, @digitalis and @factism are probably unaware that their posting frequency has resulted in receiving significantly more value than they should be receiving. I don't believe this was deliberate abuse, but whether deliberate or accidental, I still work hard to protect the fairness and integrity of the whole program. They will be moved down into pool 5 soon.

Pool 5 accounts voted

Pool 5 upvotes come from @sbi5!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi5&days=7

Moving down into pool 5, we start to see more typical characteristics again. @dynamicgreentk, @cicbar, and @thedailysneak all have maxed out share levels in the pool, but @cicbar is not earning an upvoting bonus, and @thedailysneak is not posting frequently enough to receive full value.
When we move into our automated system, we will calculate the value every member should have received so far, and take steps to 'catch up' members that have not received as much upvote value as they should have. We will make more announcements about the new system and how it will work when we get closer to transitioning over.

Pool 6 accounts voted

Pool 6 upvotes come from @sbi6!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi6&days=7

We have been transitioning our upvote delivery from @steemvoter to @steemauto. Steemvote is much easier to manage rule changes between pools, but steemauto is much easier to manage rebalances within pools. When moving members, we configure the rules for everyone being moved, and then quickly rebalance the full pool (which now takes only about 30 minutes instead of several hours). If a member gets lucky and posts right after being moved, but before their new upvote value is configured in the rebalance, they may get a full upvote.

This happened to @rahmadantara this week. Added to his normal value received of 2% on two posts each day, it was enough to propel him to the top of the pool. If it happens to you, consider yourself lucky but don't expect to keep receiving full upvotes every time. Even this anomaly will disappear when we move into our new system.

Pool 7 accounts voted

Pool 7 upvotes come from @sbi7!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi7&days=7

The transition from 500 members per pool to 400 members per pool has limited the opportunities for @thesteemengine to advance into the higher pools. Since most pools are now close to 400, there will be more active rebalancing across pools and they will advance out of pool 7. @cicbar is maxed in pool 7, so they will continue to receive the largest slice for some time.

Pool 8 upvotes come from @sbi8!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi8&days=7

Similar logic applies in pool 8. Since most members have only a few shares, the few that have many but have not advanced out yet are represented with large slices.

Pool 9 upvotes will come from @sbi9.

Effective immediately, new members will be slotted into pool 9. We will also raise the daily rate-limiting in pool 7 from once per day to twice per day. This may result in some members from pool 7 being moved down into pool 8.

Conclusion

Since we want members to receive their full bonuses from upvoting, the goal for how many upvotes are needed to reach the full bonus will continue to be based on our actual number of updates, instead of our target of once daily.

If you would like to contribute to @steembasicincome's development, please reach out to us on Discord. We are extremely grateful for the work that @holger80 has been putting into our automation project. Please consider supporting him with your witness vote.

Enrollment

If you want to get involved, or to increase the share of basic income that you receive, enrollment is pretty 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 sponsor yourself, or do not sponsor anybody, we will assign the 2nd share to an existing member.

If you're unclear, please check out our full transaction memo guidelines and 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 transactions. The delay for processing enrollment transactions can be up to 6 or 7 days.

Upcoming Steem Creators Conference!

Come meet us and many other talented Steemians in Toronto this Fall!

We had a great experience at the #steemcreators conference in April and we are excited for what is in store this September! This is a fantastic opportunity to network with other Steemians and learn skills to improve your Steem performance.

Purchase your conference tickets Here and don't forget to book your place for the Steem Creator's Concert after-hours event featuring @wolfnworbeikood and many other amazing creators!!!
We would love to see you there!

Here is @josephsavage's presentation on Steem Basic Income from the last conference:

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 discord channel. To review your share counts, we recently introduced our new SBI Member Lookup Tool.