Steem Basic Income - Some Program Changes

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.


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We have not had any requirement for members to upvote @steembasicincome posts, but we have given it careful consideration. Since all members benefit when any member upvotes the posts, it makes sense to provide additional benefit to those that do. It is still optional, and members that choose not to upvote will continue to receive their basic income, but members that choose to upvote will receive a bonus. Now voting weight will be adjusted upward for those that upvote.

Upvote @steembasicinome regularly to increase the basic income that you receive

Effective immediately, we will regularly review the upvotes that @steembasicincome receives. The members that upvote the most consistently can receive up to 100% increase in their voting weight. To use a brief example, @sevlom777 has three shares in the program, and has provided the greatest number of upvotes in the past 4 weeks - even more than the project manager! Because he has given 25 full upvotes, his voting weight will be increased by 100% (equivalent to having 6 shares instead of 3). If his average upvote were 90% instead, his basic income would only be increased by 90%. Another member with 20 full upvotes might receive an 80% increase (20/25 = 80%), but similarly if that member gave 90% upvotes, their voting weight would increase 72% (20/25 * .9 = 72%).

The maximum boost provided to any member is 100% given to the member with the most consistent upvoting record. Members with lower records receive boost based on their voting record relative to the most active upvoter. To get the best benefit, we recommend using steemvoter or something similar to not miss any update posts.

If you have any questions about this change, feel free to ask. The important thing is that you can receive significant additional reward for upvoting @steembasicincome regularly, but the penalty for not upvoting is minimal.

Membership Update

We are up to 566 shares, with 261 members. If you believe your share count to be incorrect, please let us know and we will happily check it again.

Current Membership

Steemian NameProgram Shares
@josephsavage30
@sneakyninja77
@rodeo67012
@miti3
@costanza3
@vimukthi12
@haejin7
@tt-dogg14
@docmastery2
@summertooth3
@starjuno2
@diabolika2
@cryptocoinptrs11
@freeforever2
@jaichai3
@sevlom7773
@aleoni2
@ecoinstant23
@snook7
@simgirl4
@ecoinstante3
@sharoonyasir2
@mariannewest16
@sashagenji2
@cryptogecko5
@babysteps5
@hopehuggs2
@earthnation4
@taskmaster44502
@f3nix5
@dswigle2
@scarlet712
@toofasteddie3
@dandesign862
@point2
@wandrnrose73
@dakotakaiser3
@tattoodjay2
@topkpop2
@janine-ariane3
@zlotus2
@wanderingartist2
@omra-sky4
@brisby6
@djlethalskillz2
@paradigmprospect3
@make-a-whale2
@jbn2
@alphacore13
@improv4
@enjar2
@theb0red14
@heydarthy3
@soyrosa2
@r00sj32
@greatestjourney2
@doubledipshit2
@chrismccron3
@allcapsonezero2
@wylde2
@greatestjourney2

Single Share Members

@simplemoney, @minnow.helper, @fogel, @familyprotection, @arcange, @bitopia, @aurora-ca, @durzo, @liquidflame, @ew-and-patterns, @splendorhub, @gabrysi, @kittykarma1111, @vitalmistake, @karthikdtrading1, @eaglespirit, @kit.andres, @gardenbsquared, @pathforger, @vangelov, @chrisroberts, @critic-on, @deaconlee, @japhofin8or, @grapthar, @gabchik, @nehab, @thehomeschoolkid, @docdelux, @arthuradamson, @valorforfreedom, @nomvula, @kingscrown, @beiker, @damira, @solisrex, @shawnster, @ashe-oro, @anyway, @zer0hedge, @hilarski, @penguinpablo, @angrysage, @theguruasia, @uwelang, @kryptonaut, @boxmining, @spykemajeska, @weirdheadaches, @dennisauburn, @benjamincossel, @lindahas, @marillaanne, @joshua-golbuu, @idikuci, @googlee, @funatoz, @firedream, @whatamidoing, @axios, @bluerthangreen, @occupywallets, @cryptotortoise, @wanderingkells, @razvanelulmarin, @cryptosuf, @dmwh, @anarchrysalis, @teahna, @scuzzy, @danyelk, @jedigeiss, @zingtoys, @enchantedspirit, @catweasel, @underground, @torico, @discordiant, @owenwat, @welshstacker, @xabi, @praise-eu, @flamingbot, @butterfly-effect, @xettrinabin, @pawanregmi28, @crowdfundedwhale, @upv4life, @grimbly, @clara-andriessen, @xyzashu, @nicholas83, @xtetrahedron, @vee2180, @jewels3, @howtostartablog, @bryandivisions, @vindy, @ivan.atman, @kayclarity, @olivers-wilde, @mysticalword, @chaostheory, @thegrandestine, @audiosiren, @martijn4ever, @jamieklinger, @scottsantens, @chiknhead, @perennial, @riovanes, @not-a-bird, @kaylinart, @jrswab, @tythetraveler, @thephilosophizer, @cynicaloptimist, @kristyyd, @paps, @revo, @staceyjean, @molovelly, @excellfitlife, @marcoriccardi, @closerv, @braveheart29, @svashta, @zord189, @birjudanak, @likedeeler, @jacinta.sevilla, @stinawog, @jacobts, @antic, @sachdharamsingh, @psychsherpa, @beatseb, @zakariachowdhury, @carrieallen, @haphazard-hstead, @doctorcrypto, @libertylol, @ilyastarar, @arkayani, @boywonder, @geekorner, @marxrab, @fitinfun, @apanamamama, @ironshield, @adetola, @cizzo, @privat, @robertlyon, @tensor, @gnefkow, @mountainwashere, @hanggggbeeee, @havok777, @s-montagu, @acelad, @sweetbbsr, @shreyansh, @ensteemit, @criptoes, @holothewise, @syncubate, @starfall, @faustino, @thearts, @wolvesabyss, @vegeta, @jyotigujju, @theprism, @nadhiramusic, @chiefmappster, @photocontests, @lexiconical, @sunnyofoz, @risemultiversity, @shutthefrontdoor, @healingherb, @mara93, @amanprem, @firephoenixdance, @katysavage, @sweetpea, @jfolkmann, @natou, @soushi888, @lauriki, @bola, @uniquecosmos, @frieda, @laurabean, @grey580, @shakazula, @termitemusic, @theaussiegame

Enrollment

Sounds intriguing... How do I sign up?

Send 1 STEEM to @steembasicincome. Include the name of who you want to sponsor in the comments. You and the person you sponsor will each receive shares in the program. You could also send 1 SBD and the extra value will be treated as a donation to the program and used for promotion or powering up.

Questions?

We broke down the mechanics for how the program works in the extended introduction. If you have any other questions, ask away in the comments section!

Sort:  

Forgot to mention... to prevent dilution in voting weight for members that choose not to upvote, we have moved all upvotes forward a few minutes. Now you will receive a little bit more author rewards from each upvote (whether you upvote or not - it's still better to upvote and get that boost)!

I'd like to increase my shares. Let me know how to go about doing this and what the steem to share ratio is. Thank you!

In order to increase your shares, you have to sponsor other members. You can send individual transactions of 1 STEEM each, with the name of somebody to sponsor. Each of you will receive 1 new share. Alternately, you can send a larger transaction with more names.

In this example, @sneakyninja sent 3 STEEM with 3 names. Each of them received 1 share and @sneakyninja received 3 shares (in total 6 shares were created).

Enrollments are usually processed once a day, though there was some delay during the holidays.

So, here is my question. Do you only count 100% upvotes?That could be a range from almost nothing to a large amount. Does a larger, but smaller percentage vote count equal to a very small 100% vote?

The most frequent upvoter sets the target for 100% (in the example, this was 25 upvotes over a 28 day period). Your bonus is your vote frequency as a percentage of target, times your average upvote weight.

Let's say you get up to 25 upvotes, but some of the upvotes for the person with 25 drop off (older than 28 days), so you are now setting the bar. You would get 100% for frequency. If you always upvote at 10%, you would get 100% for frequency times 10% for your average upvote, or a 10% bonus.

So in the original example, the second member upvoted 20 times at 90%. Their frequency was 80% of the target, and their average upvote was 90%, so the total bonus was 72% (0.8 * 0.9)

I hope this helps!

so, basically, the value of the vote doesn't count. If I give you 20 100% upvotes worth $ 1.00 it has the same impact as someone doing 20 100% upvotes worth $ 0.001.
Right?

This is pretty interesting. How do I go about joining?

Send 1 STEEM to @steembasicincome with the name of another Steemian that you would like to sponsor. You will each receive 1 share when your enrollment is processed.

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