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RE: Steem Basic Income - Weekly Voting Distribution
I like this idea!!
I have given it a try with someone and will do more if it seems to be worthwhile.
Thank you!
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Awesome, thanks for giving us a shot!
OK so I have monitored this for a while and unless I am missing something it will take years to get the initial 1 STEEM back and then if you are still running the service there will be profit after that?
This is what I received in the last 24 hours:
You also had 3 upvotes this past week from @steembasicincome.
That brings your total upvotes from the week to about $0.15, which is a little higher than I would expect (if you were being over-rewarded in pool 1, that would explain why you were moved into pool 3).
The upvote weight for each post is driven by your weekly posting frequency (checked against weekly average from last 28-days to protect against abuse). Pool 3 is growing quickly and the voting power occasionally lags as we wait for delegation orders to be filled. You should see your weekly upvotes stabilize between $0.05 and $0.10 (actual USD, not value shown on Steemit) if STEEM price holds steady without slumping further. That's about 25 to 50 weeks to get the initial 1 STEEM back (not years).
Thank you for that. I'd hoped I had missed something!! :-)
That's not a bad investment then as the person I sponsored is also receiving a similar amount so the net effect is half of the 25 to 50 weeks really if you take into account both accounts.
Thank you for taking the time to explain!
You're welcome. I put a lot of thought into the design, and I try really hard to make sure that everything is operating as planned, even with it still not fully automated yet.
You're doing a great thing!
It's human nature for one to be sceptical at first but I can see that you seem to have all the right motivations.
I think it would be good if you had a tool to show how much was invested and how much paid out for a specific user so people can not only see what they have earned but you can use some of the older member's data to show that they really do get a basic income after the initial payback period.
Keep up the good work!
This is a good idea. I will add that to my feature list for down the road (after automating all the current functions).