Steem Basic Income 1.0 - Initial Automation Release
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.
Automation Release
It's taken us a long time to get here, and we've trimmed some features, but we are finally read for the initial release of our automated system!
Please allow 1-2 weeks for the new system and its vote values to stabilize.
What Is Included?
Enrollments are captured automatically and new members are added into our database. Delegations are captured automatically and added into our database. Curation rewards are captured automatically and bonuses for upvoting our posts/comments are captured automatically and added into our database. (Please see Vote Values in Steem Basic Income - Part Three: Where Are We Going? for more information about how upvote values and bonuses work.
What is Not Included?
There are some key systems that we decided are not critical to initial release. We will pick up development of those systems once any bugs from initial release are worked out. Redistribution of surplus value will be developed later. We are not sending automated confirmations (yet). Basically, any system that is not directly required for maintaining member levels and delivering upvotes was put on hold to prioritize the initial release.
What Should I Expect?
We have set all of our SteemAuto accounts to 99% to let the new system handle upvotes instead. If it fails to deliver votes, then account VP will reach 99% and Steemauto voting will resume automatically. There may be some pain in the adjustment process, with posts being missed or vote values coming in wildly different than you are accustomed to. Please allow 1-2 weeks for the new system and its vote values to stabilize.
We calculated the vote values that everyone should have received under the new system, and each account begins with an initial balance. While most of these balances are positive, about one third of members started with a negative balance. In most cases, this happens because the old system rewarded upvotes in a different way than the new system does.
You do not have to 'earn back' the negative balance to start receiving votes again. We know the large negative balances are because of our design change, and for these members it will be painful enough that your new equilibrium vote values will be lower than you had before. We will be zeroing out negative balances over the first few days. There may still be a short period where we monitor for stability before fully zeroing out the negative balances.
What About Lookup Tools?
I will be reworking the spreadsheet tools over the next few days to make available better information about your member balances and upvote values. Better tools and membership reporting are in our roadmap, but we are not prepared with a delivery date estimate at this time. (See Hofstadter's Law)
Frequently Asked Questions
We will be releasing a new FAQ with answers applicable to the new system as soon as possible. In the meantime, feel free to check in with us in our discord server.
this is awesome. Such a nice feature to have for SBI!
Thanks for your support!
Excellent news! I'll publish a post today to see what happens!
There may be a little disruption for the first couple of days as we let things stabilize before zeroing out the negative balances. If you post before we zero your negative balance, it will not get a vote.
Understood! @ecoinstante posted and got a vote, looks like she was not negative :)
Okay, good!
Hey,
You have been upvoting my posts up until 5 days ago and then I get no votes from you or another sbi ...
It will take a few days for our new automated system to reach equilibrium.
I have sponsored three people so far. Is our income affected by the number of people we sponsor?
Each time you sponsor, it increases your level and their level.
For example, when you send 1 STEEM, they get 1 and you also get 1 more. I currently have you at 9.
Thanks, man. I have sponsored 3 people so far.
Hi @clayrawlings,
Good sir,
You always try to help others. keep up the good work. All the best.
Thanks.
Waiting for you book and video launch.
Video is almost done. I showed the rough cut to a Hollywood screen writer last night at a party in LA and wound up on a balcony trying out for a part in a major motion picture. Never expected that. Life can take some crazy turns if you are open to new things.
Great to know that sir. you are rocking. Your hard work now showing results I guess.
All the best.
And sir I required small help from you. If you allow me to ask.
Thanks
thank you for the update it is good to see you are still hard at work on this. SBI should just get better and better.
Thanks for the support. We hope that it will get better and better, although we know that not every change will be received positively by everyone.
Very excited for SBI and what this will do going forward. But also want to say thank you for all the countless hours you would spend manually processing everything.
Thank you for your support!
Good Luck!
I think its awesome. I was waiting for the automation. Thank You!
You're welcome! It catches up all the pending enrollments automatically, but I will need to send out welcome messages to a few people still.
Hello @steembasicincome :)
For my post https://steemit.com/cryptocurrency/@retinox/chart-steem-13 there was no voting at all from SBI.
Since there are already 3 upvotes missed for
https://steemit.com/life/@retinox/upvote-game-c-round-19-receive-3-sbi-shares-worth-3-steem-your-lifetime-upvotes-traduccion-espanol-incluido, https://steemit.com/steembasicincome/@retinox/upvote-game-c-round-20-receive-3-sbi-shares-worth-3-steem-your-lifetime-upvotes-traduccion-espanol-incluido and https://steemit.com/trading/@retinox/chart-apple
a longer time ago, maybe the current one can be fetched...
Thank you and I keep my fingers crossed for the new system 🍀
that's ridiculous... so many shares and no upvotes any more... so you start from a negative balance of shares now... that's crazy 😔 Hope the best for your account... @peekbit
Due to the changes in how upvotes on SBI are rewarded, many members started with a 'negative' balance. We left those in place initially to see how the new system impacted VP. Since things appear to be stable, we are now reducing/removing those negative balances so that all members should start seeing upvotes by the end of today.
Hello @steembasicincome, @sbi2
Can I offer the SBI Upvote Game and calculate with the SBI upvote or is it the same situation for me and I don't receive an SBI upvote for the next time? 😔
So far there have been only 2 posts without votes due to another issue. So it would be nice to know it in advance this time... 😥
We did announce at release on Friday morning and predicted some turbulence. Things will return to the new normal within a couple of days. We apologize for any issues this may have caused your contest.
I'll keep my fingers crossed ☺️
Thanks for all the time and work you put into this project! I hope that all of us have the patience to wait till everything works - after all it's the time of the year to give and not to demand :)
Thanks for your support! And now I can actually spend Christmas with my family instead of catching up enrollments.
Good work guys! I’m sure the amount of resources for this project were large and I know I look forward to future developments.
Posted using Partiko iOS
Thanks for your support! We've been as lean as possible during crypto-winter, which is why it took so long. Now we're streamlining to try to get the next improvements out a little faster...
Awesome job, guys! I can't wait to see how the new system works! It sounds very cool!
I'd like to invite you to participate in my Art Curation Initiative #5
Expect a little time for things to stabilize. Once things settle down, we will start publishing more resources to help everyone understand how the change affect them and what you can do to optimize your results for how you use Steem.