Simulating Green Beard Altruism | UBI Project Update

The current protocol for participating in the UBI project is as follows:

• Create a group of friends willing to participate in the project together
• Create a post with UBI in its title
• Mention at least one of the articles by others in your group, Pick(s) of the Day, within this post
• Include meaningful personal content within this post
• Add the other friends within your group as beneficiaries to receive 10 percent of the reward
• Add UBI as a tag
• Upvote the other members of your group especially their UBI posts

Despite the real success on the financial side of this strategy, it isn't sustainable. The video at the top of this post explains very easily why this will fail.

• The suckers in the steem world, are those people who expend their Steem Power on others and don't receive votes in return
• The true beards set up their UBI groups and receive a rewards from some of their community
• The cowards are selfish with their steem power, only using it to upvote themselves
• The imposters give the indication that they are participating in a altruistic fashion but accumulate resources disproportionally to what they receive.
  

Fortunately there is an easy way to determine if a person is an imposter on steem. Does the person include a link to any of your posts in theirs? Does the person upvote your posts? Does the person assign you as a beneficiary? That is easy to check, just go to https://steemworld.org/ and check your profile (eg https://steemworld.org/@dwarrilow2002) and check your incoming Beneficiary rewards. Here are my incoming rewards:

Here is a statement of the Beneficiary Rewards for @vectorshore.

Here is a statement of the Beneficiary Rewards for another of my groups.

This is what one sees after moving away from the "Green Beard Altruism" to the "Prisoner's Dilemma" game strategy. The members of @vectorshore's group failed to promote and support his post. As a consequence, I received 10 percent of $ 0.03. The group of people whom I maintain in his group provided him with a beneficiary income of 10 percent of $0.48.

The second group that I maintain with @enveng as a member was more supportive giving her 10 percent of $27.51.

The "Prisoner's Dilemma" game strategy is quite simple. It works by reciprocity. If a person votes for you, you vote for them. If they promote one of your posts, you promote one of their posts. If they make you a beneficiary, you make them a beneficiary.