Member Delegation Report 10 September 2019

trafalgar (85) 5 years ago

The reward pool is meant to be used to uncover and reward content that stakeholders deem would add value to the Steem blockchain via consensus. It is not a form passive staking returns to be internalized by delegators in some elaborate vote swapping scheme.

Now that NewSteem has provided us with the tools to combat this type of behavior, you would likely expect some resistance.

$0.04

steembasicincome (74) 5 years ago (edited)

Steem Basic Income is delivered through upvotes specifically so that regular value-adding activity is required. It's not about passive stake and vote-swapping.

In fact the core mechanic works more like a parallel account-level curation stream. Accounts are initially sponsored for support, and the sponsor is also enrolled (50/50 curation reward). External blacklists (@steemcleaners and @buildawhale) are followed for quality control, along with abuse reporting within our own Discord.

A brief review comparing accounts sponsored into Steem Basic Income with accounts that had similar characteristics but were not enrolled finds that retention and activity rates are substantially higher for accounts enrolled into Steem Basic Income. (@paulag did such a review for us some time ago, but it could be easily replicated now).

A sampling of mention history shows that many accounts have identified Steem Basic Income as being the primary motivation for their continued activity through the difficult periods Steem has been passing through.

While the primary metric being used to evaluate Delegation applications for Steemit is account creation, shouldn't account retention be considered just as important? Retention of actual active users is critical to Steem's survival, and Steem Basic Income provides a massive amount of value to the Steem blockchain via improved retention of existing accounts.

16 votes

trafalgar (85) 5 years ago

Retention obtained via bribes being handed out through some ponzi share mechanic is precisely what's harming our platform. We don't need more people milking the system, we need the rewards flowing honestly from stakeholders to great content creators without this decision being affected by kickbacks and other transactions.

This is costly to our system and undermines purely honest curation endeavors. Our system can't sustain itself if people are making their voting decisions for reasons such as an obligation to vote on certain content based on shares which is just an elaborate vote buying scheme.

Things are different in NewSteem. Activities that serve to potentially undermine organic voting will undergo considerably scrutiny and resistance over time.

$0.00

steembasicincome (74) 5 years ago (edited)

While we do offer bonuses for upvoting our posts, there is no obligation. Every component in our system is 100% voluntary and people choose to participate or choose not to participate based on their own evaluation.

We have done a whole series in the past on how our sustainability metrics work and the efforts we undergo to ensure that Steem Basic Income never becomes a ponzi scheme, even accidentally.

Steem is fixated on a content-based curation model -> what is the value of this piece of content? Should this content have been rewarded so high? does it have paid votes, etc.

We are building a patreon-like account account-based curation model on top of that. What is the value of this account? Am I willing to contribute to a crowdfunded support model for it?

You started with a reference to the rewards pool as a limited resource... which is true in a sense. However, the value of that limited resource is unlimited. A low-friction patreon-like support model could bring massive amounts of value to Steem, increasing the value of the reward pool for everyone, regardless of whether or not they choose to participate in patreon-like support.

Try to look at the big picture?

13 votes

bluengel (76) 5 years ago

thanks for supporting ! :) @steembasicincome 💙

Steem ♨ On !

!BEER

Posted using Partiko Android

$0.03

4 votes

gomdory (66) 5 years ago

곰돌이가 @bluengel님의 소중한 댓글에 시세변동을 감안하여 $0.018을 보팅해서 $0.022을 지켜드리고 가요. 곰돌이가 지금까지 총 6468번 $73.130을 보팅해서 $83.759을 구했습니다. @gomdory 곰도뤼~

3 votes

transisto (74) 5 years ago (edited)

You're spreading a flawed ideology, Sorry for having waited for free downvotes to make you realize it wasn't gonna hold in a limited resource environment like Steem. (I did many times before but this time it's free)

All votes from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, @sbi9 or @sbi10 will also be suppressed in due time.

Ps: Spare your explanation, I don't care what you're doing I just go by name "Steem Basic Income"

$0.02

sbi-booster (58) 5 years ago

Steem Basic Income is a stake-based voluntaryist initiative that uses external blacklists for quality control. In effect, it works as an account-level curation system instead of content-level.

I have never understood what flawed ideology we think we're spreading, because none of the accusations you ever made against us were about anything we actually do. Would you please sit down to actually discuss with me before attacking our program?

$0.00

4 votes

transisto (74) 5 years ago

Do what you want but there might not be "Income" (in the monetary reward sense) anymore in your equation.

$0.00

sbi-booster (58) 5 years ago

You're saying that you would systematically downvote the thousands of accounts that we regularly support because you have unexplained issues with our ideology?

Steem Basic Income has delivered almost a million upvotes over the last two years. You're planning to systematically counter our next million upvotes?

$0.00

6 votes

transisto (74) 5 years ago (edited)

According to rough RC calculation I have enough for a trillion votes per day, seems like that won't be an issue.

$0.00

retinox (64) 5 years ago

Weekly Contest since 2018 - Lifetime Upvotes by Steem Basic Income

Be a winner and get 4 shares 🔖🔖🔖🔖 of Steem Basic Income for your lifetime upvotes. Have a look at my blog... @retinox

_{You can receive even more SBI shares by gambling @peekbit‘s upvote game too…}

$0.00

arabisouri (70) 5 years ago

!sbi status

Posted using Partiko Android

$0.00

sbi7 (58) 5 years ago

Hi @arabisouri!

you have 7 units and 10 bonus units
your rshares balance is 132404176002 or 0.062 $
you need to wait until your upvote value (current value: 0.021 $) is above 0.027 $

Structure of your total SBI vote value:

18.37 % has come from your subscription level
50.43 % has come from your bonus units
24.12 % has come from upvoting rewards
7.09 % has come from new account bonus or extra value from pre-automation rewards

Did you know that your SBI level shows in your Steempeak wallet?

$0.04

17 votes

atego (64) 5 years ago

!sbi status

$0.00

sbi10 (57) 5 years ago

Hi @atego!

you have 8 units and 0 bonus units
your rshares balance is 299380671108 or 0.139 $
as you did not wrote a post within the last 7 days, your comments will be upvoted.
you need to wait until your upvote value (current value: 0.015 $) is above 0.053 $

Structure of your total SBI vote value:

84.15 % has come from your subscription level
0.00 % has come from your bonus units
8.81 % has come from upvoting rewards
7.04 % has come from new account bonus or extra value from pre-automation rewards

Did you know that your SBI level shows in your Steempeak wallet?

$0.03

13 votes

steem-ua (64) 5 years ago

Hi @steembasicincome!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.002 which ranks you at #322 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 118 contributions, your post is ranked at #1. Congratulations!

Evaluation of your UA score:

You've built up a nice network.
The readers appreciate your great work!
Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

$0.00

beerlover (62) 5 years ago

^{To view or trade BEER go to steem-engine.}

Hey @steembasicincome, here is your BEER token. Enjoy it!

$0.00

drotto (48) 5 years ago

This post has received a 3.13 % upvote from @drotto thanks to: @sbi-booster.

$0.00

pachu (55) 5 years ago

!sbi status

$0.00

sbi6 (58) 5 years ago

Hi @pachu!

you have 4 units and 0 bonus units
your rshares balance is 376348715819 or 0.171 $
your next SBI upvote is predicted to be 0.057 $

Structure of your total SBI vote value:

0.08 % has come from your subscription level
0.00 % has come from your bonus units
0.00 % has come from upvoting rewards
0.00 % has come from new account bonus or extra value from pre-automation rewards

Did you know that your SBI level shows in your Steempeak wallet?