Steem Basic Income - Weekly Voting Distribution (4 May 2018)

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.

Still Going Strong

We are up to six pools, so your upvotes could come from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, or @sbi6. We currently have 1863 members that have posted within the last 28 days, and almost 500 members that have not. Unfortunately the members that are not posting are not receiving upvotes. There are currently 9608 'shares' in the program, and it grows every day.

Pool 1 accounts voted

Managing voting power around inactive members is an ongoing challenge. The portion of inactive members in pool 1 has reduced to 20%. Some of these actively comment, but not post, so they will start receiving upvotes when we finish our automation project.

Lately we have been more successful in redistributing the excess voting power that should go to the inactive members to active members, so that it is not wasted. With so many inactive members, we have only been able to upvote 412 of the members in pool 1! @josephsavage doesn't post frequently enough to get value from his management shares, so most of them are temporarily assigned to @katysavage until the automation project is finished.


img source: http://www.steemreports.com/outgoing-votes-info/?account=steembasicincome&days=7

Our self-vote held steady at 2.9%, which means most of our voting power has been going to our members. Since our voting power has been holding steady below 90%, with little risk of hitting 100% and being wasted, we have actually turned off the self-vote on several accounts. The accounts still upvoting @steembasicincome accounts will have those votes turned off in the next rebalance.

Pool 2 accounts voted

Pool 2 upvotes come from @sbi2!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi2&days=7

We have made great progress in shifting inactives out of pool 2, and less than 22% of the members in pool 2 are still inactive. With pool 2 still auto-voting the updates, and updates coming out more consistently, the self-voting percentage rose to 7.1% this week. I expect it to reduce again over the next week, once we turn that auto-vote off and devote the full voting power to our members.

Pool 3 accounts voted

Pool 3 upvotes come from @sbi3!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi3&days=7

Many of the inactives from pool 2 have been shifted into pool 3, leaving it with a nearly 40% inactivity rate. We are still working to shift more inactives into pool 4, to start balancing pool 3 down toward 30% like pools 1 and 2. The self-vote percentage in pool 3 is up to 7.1%, but it will decrease again over the next week.

Pool 4 accounts voted

Pool 4 upvotes come from @sbi4!)

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi4&days=7

Last week, I wrote that "As we will be moving inactives down into pool 4 (and it will take longer to fully rebalance pool 4 back to 33%, I would expect the inactive rate in pool 4 to climb toward 40% this week before falling again. Time will tell!" This is proving out, as the inactive rate in pool 4 hit 40% this week. I expect it to fall again, but since pool 3 also hasn't dropped much from 40%, it may take a few weeks.

Pool 5 accounts voted

Pool 5 upvotes come from @sbi5!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi5&days=7
We really start to see @dynamicrypto and @dynamicgreentk in action as we get down to pool 5. Each member is capped at 100 shares per pool, so these guys try to reach that cap every time a new pool is launched. Pool 5 is growing quickly, with the number voted rising from 263 members in the last update to 405 in this one. As it continues to grow, the slice received by any individual member will reduce. The caps of 500 members per pool and 100 shares in each pool per member help create equality in the SBI upvote distribution over time!

Pool 6 accounts voted

Pool 6 upvotes come from @sbi6!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi6&days=7

With pool 5 now filled, new members are being filled into pool 6. The number of votees in the pool more than doubled this week from 35 to 77. There are a couple bigger members, but since it mostly has members with few shares and high posting frequency, the distribution chart is more even.

Once full automation is in place, we will no longer be dependent on @steemvoter services. We can skip posts that would have an upvote that is too low to commit to the blockchain, and save the voting power for their next post. Really active members won't have upvotes on every post anymore, but they will still have the same weekly returns, without having to sequester them in their own pool.

That will also mean that we won't have to open new pools until the bottom pool starts actually getting full! That's going to be a positive development as well. We will continue to provide more information about the program changes as we get close to full automation. When we were small, before we figured out the multiple pools system, we started 'pausing' members that posted too frequently and would receive less than 0.5% per post.

As pool 6 fills out, we will start doing this again. We noticed after launching pool 6 that the tiny upvotes received by members that have only 1 share but post dozens (or hundreds) of times each week often failed to exceed the dust threshold. Since we don't want to waste that voting power and we will catch up any under-performers once our full automation is ready, we are going to start pausing these more active members.

If you post frequently and your votes stop, this is probably why. If you don't want to wait until our new system is ready to start getting upvotes again, please ask me about what you can do to improve your voting weight.

Conclusion

I appreciate the confidence placed in me by most of our members, as manually rebalancing voting weights is extremely time intensive. We are still working on our project to fully automate all the processes, but enough improvements have been made to support a more consistent update pattern.

Enrollment

If you want to get involved, or to increase the share of basic income that you receive, enrollment is pretty straightforward:

Just send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the transaction memo (preceded by @). You and the person you sponsor will each receive 1 share in the program. You can sponsor any active Steemian, it does not have to be a current member.

If you're unclear, please check out our full transaction memo guidelines and then let us know if you have any questions.
https://steemit.com/basicincome/@steembasicincome/steem-basic-income-new-transaction-memo-guidelines

The official currency for enrollment is STEEM. We accept SBD at our discretion (usually when they're very close, or when SBD is stronger) but you do not receive extra value or any partial refund for paying in SBD instead of STEEM. If we choose to accept an SBD enrollment, we accept the entire amount. If we choose to reject it, we refund the entire amount and request you to send STEEM instead.

Steem Creators Conference


We had a great experience in April at the #steemcreators conference! Check out the tag for footage and photographs from all the presenters and attendees, and see how many photos you can spot @josephsavage in!

Here is @josephsavage's presentation on Steem Basic Income, which we published at the end of April. Thumbnail

EarthNation

Steem Basic Income is designed by @josephsavage, and developed in collaboration with @earthnation. We are grateful for their early support, both in brainstorming ideas for improvement and in providing funding for our massively complex automation requirements. Learn more about Earth Nation on their web page at https://earthnation.world/

Questions?

Please read our recently published FAQ. Most questions are addressed in our FAQ or in the additional resources that it suggests. If you still have questions, ask in the comments section or join us in our discord channel.

Authors get paid when people like you upvote their post.
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Can I sponsor myself? lol

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You have to sponsor somebody else, but when you do, it also grants you a share. Many of our members are willing to 'trade' sponsoring (e.g. you sponsor them and they sponsor you). If nobody responds here, you could try asking in our Discord.

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Hi @mysearchisover

I'll sponsor you if you sponsor me; we'll each get 2 shares that way. :-)

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May I throw in my search for a trade sponsoring? 😁
Have 3 Steem for that case right here. 😏

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Hi @takowi. I'll sponsor you if you sponsor me. :-)

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https://steemd.com/tx/10ad91f575d9c3ea5a0746b7b921dc49a1868a5e
Perfect. 😎 Transaction done, sent three Steem to steembasicincome.

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Thanks, @takowi. I sent 3 for you too.
https://steemd.com/tx/57eba44389aebecdcc18bddde62c4b9d298f6b8c
Plus, you taught me to look at Steemd and all the transactions there, something I didn't know about, so thanks. :-)

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Thank you very much, pleasure doing business with you.
And you are welcome.^^

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... he said, two months later. :-) If you would like to sponsor each other for 1 SBI share, I'm down.

Not sure why you posted the link to minnowbooster... am I missing something?

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Yes. I am willing to pay you to "sponsor" me with a Steem Power lease. lol

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Great! Go ahead and sponsor me for one sbi, I'll see it in your memos, and I'll sponsor you right back.

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I don't want the SBI I want the Steem Power. I actually compete with SBI to get the Steem Power loans.

It's amazing to see your service is consistantly working flawless 👏👏👏

One question, can I sponsor someone twice? It will affect the powervote exactly double?

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You can sponsor someone as many times as you want. It will not exactly double, though. We redistribute the voting power of inactive accounts on a per member basis, not a per share basis. Also, our current voting engine only gives whole number upvotes, so how your share increase affects your rounding can vary.

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Thanks for explanation
i take it as a chance to help good creators + your service + my own account

this is what makes your job amazing

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Thanks for your support!

ADSactly Supports this ingenious idea that @steembasicincome has come up with to help show everybody how amazing Universal Basic Income can be vs the traditional economic systems that are based on Consumption when they should be focused on Producing Value for everybody!

If you are interested in joining the Hangout Today to share this Project with the ADSactly Discord Community.

You are Welcome to join the community by clicking the link below.

http://discord.me/adsactly

If anybody reading this from ADSactly can take a few minutes to Support this Project with an #Upvote, #Resteem or Both that would be fantastic!

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Thanks for your support!

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I'm a big believer in UBI, and love how you put it here, @adsactly: systems based on consumption vs focusing on Producing Value for everybody. :-)

an amazingly brilliant mega project, I am sure we will all go forward and succeed together. because with our togetherness grow and develop

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Thanks! We do our best.

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Love that description -- an amazingly brilliant mega project. :-D

Hi @steembasicincome . Just sent 1 steem with the memo @mrblu . Looking forward for a new development and more success for this project.

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Our current enrollment processing delay is 2-3 days. You will receive a confirmation transaction when it has been processed.

Resteemed for this 😊 so that other steemians can read regarding this project.

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Thanks for your support!

Hi, I'll like to know if SBD is currently accepted. I'll like to sponsor someone. I also noticed I was pushed up to pool 3. In doing this, will I be pushed up to pool 2, perhaps? I noticed the value of vote I get now, is more than when upvoting was done by sbi4. Cheers

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We are not currently accepting SBD, but you can trade in the Market.

You could perhaps be pushed up again. We are cycling through the pools to check voting weight. Pool 3 has excess SP right now (it's higher than it should be), so you could see a slight drop if you get moved up again soon, but we are working to catch pool 2 up to where it should be.

I sent 5 STEEM and i have 7 SBI.but i got $0.01 upvote . I felt very sad about this @steembasicincome this is not fair😐

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maybe you just have to wait a little more, it is a manual process to @steembasicincome

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We have looked at the reasons why your pool is underperforming and we are taking actions to remedy it. Because you do have 7 SBI, you were moved up a pool today as well, so you should see some improvement in your upvotes on your next post.

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Its so nice to hear that but no improvement eventhough i moved to sbi5
U can see pic . It is equal to zero after payout. I dont get anything
Screenshot_20180505-103354.png
Screenshot_20180505-163751.png

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The current weekly average per share is 0.04 UI value. With 9 shares, I expect 0.36 per week. You post 18x per week, so your expected value is 0.02. The voting power in the pool is a little lower than target right now, which explains the shortfall. You should see it start rounding to 0.02 in the UI as soon as the voting power begins to recover from our latest rebalance.

If you are counting on SBI to help you exceed the dust threshold without any other upvotes, then you need at least 1 share for each time you post in a week. You need to aim for more shares or decrease your posting frequency to 9x per week.

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I didnt understand your calculation. you are saying weekly average per share is 0.04. @josephsavage said 0.08 per share per week.he said 25 posts per week and you are telling me to decrease my posting frequency to 9 .i can show proof
Screenshot_20180506-034445.png
Screenshot_20180506-034459.png
What i understand is upvote from sbi depends on how early you enrolled into sbi
Not on sbi shares he/she has.
unknown.png
U can see above this is with only 2 sbi shares .my friend got $0.03.
It doesnt depend on shares.....it only depends on in which group(sbi2,sbi3,sbi4 etc) we are in.
Thank you

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Weekly upvote weight is calculated based on the number of shares you have (and what percentage that represents of the pool you are in.) This is fully documented here:
https://steemit.com/basicincome/@steembasicincome/steem-basic-income-membership-update-pulling-back-the-screen

Every post and comment by @steembasicincome is written by @josephsavage, unless it says otherwise. When I said said 0.08 in Discord, I meant USD, and the 25 posts per week was a comment based on your actual posting frequency, as shown in the data at the time. It was not a recommendation to post that frequently, but an observation that with your actual posting frequency, your upvote was in the value range expected.

The screenshot you are showing is UI value, and so is the 0.04 per week that I told you today. There is a large discrepancy between UI values shown and actual values shown, because SBD value fluctuates. (Basically, if you posted at 100%, the UI value would be accurate, but with half the value shown paid in SBD at 50/50, your actual value is higher).

I can't provide any interpretation of the image because you didn't say who your friend is or what his posting frequency is. Number of shares and weekly posting frequency are the only individual inputs that go into the calculation, not how long you have been in the program - and showing a screenshot without enough information to posting frequency is useless.

Being involved earlier increases your likelihood of being in an earlier pool, but that has only a minimal impact on upvote value received.

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I dont want to hurt you man @josephsavage i love @steembasicincome . I can understand u and your innovation that u want to help us .
I can appreciate it . Just i felt sad when i saw $0.01 upvote from sbi which is valueless eventhoigh i have 9 sbi shares. But no problem i got $0.02 upvote from sbi5. Hope the value will increase and your project will succeed🤗 .what is the ideal frequency to post?
Thank you
Yours @summisimeon

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The ideal frequency to post depends a lot on what you are trying to accomplish and how you are using your shares. It should be the rate at which you can create quality content, but without letting other aspects of your life fall apart.

If you are still building audience and your posts are not meeting the dust threshold, you should not post more times in a week than how many shares you have (so that the SBI vote will help you meet the dust threshold).
Take the extra time to engage with your audience, visit their posts, provide quality comments, enter contests that don't require posting, and work on improving the quality of your posts so that you can grow your audience more quickly.
As your audience builds, you can settle into a posting rhythm that works for you and have SBI in the background as a 'set it and forget it' mechanism that boosts your returns but is not the main component of your rewards.

I was initially hesitant about this project, but now convinced of the progress and development of this project, move forward, succeed for all of us

im gonna save you the what i sent in public but i was wondering, numbers and practical wise, how many shares i'd need to get a guaranteed 0.03 estimate ... maybe something you dont wanna throw around in public but im still wondering, i got some discord thing somewhere, allow me to see if i can get some url there

yah it says https://discord.gg/HeEyade

im not much of a discord guy but its on 24/7 on my little server so private messaging is best done there but

im just asking b/c that treshold is quite a nice point to have, i'll get there due to my pledges but if its not far away getting there now would be a great help, since helping is helping since that means dissing out shares to others i hope you dont run off on my questionable morals ... i think advancing myself by advancing others is by far the best business tactic i have come across
im not here to pass judgment, i know it's all babysteps, and if i were a fat fish i would support with a bit more and faster but im a kitten

which is good, cos fish cant walk on land

but i can swim

so well anyway ... there i go again yapping tsch

01530f7c642264b786a57435a3724ebd.jpg
ewh pfmm, i check that discord thing at most once a day so its best treated as an sms recipient for private messages btw ... i advertise nothing that costs anyone anything btw but if your vote aint worth the payout yet, you can get a bit of copper

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It looks like your question is motivated by the dust threshold?

Generally speaking, if you take your weekly posting frequency and aim to have 1 share for each post (e.g. 1 post per week, 1 share is enough, but 100 posts per week would need 100 shares) you will always exceed the dust threshold.

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the dust treshold :p

okay, so i need as many shares as i have posts per week for your vote to be worth anything at all ?

if i upvote a post myself to 0.02 i will get payout, but if i have curators ... 25% gets deducted

it's okay im just trying to figure it out, it doesnt come with a manual here

basically all votes below a certain treshold are wasted on posts that arent at payout level yet

if i'm correct

ah so ... im sorry im , this reply is like over the course of 45 minutes

my distrobot needs 7 shares in order to have guaranteed payout even without me voting on it ?

i'll fix that right away, i'm starting to like that little project
i'll let you know if it works :) thanks

... done ...
-131.jpg

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Once the post reaches payout level, all the votes will be counted. So if you are exceeding dust threshold without SBI, then you don't need to worry about it. If you are depending on SBI to exceed the dust threshold, that's when you want to make sure you have as many shares as how many posts you publish each week.

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now that is what i call clear and concise info

Thanks for giving me upvote,i get one 1% upvote from sbg5 in my every post. I am grateful to you

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You're welcome!

You are doing great!

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Thanks for your support!

Thanks for the update on the pools. Looks like you're placing inactives, and getting ready for SBI 2.0

I guess I am a bit confused. Can I send in money for myself to get in on this or do I have to be brought in by someone else? Also, what is the payout per post if I send in 1 steem? And what is the max steem amount you can send in? Also, do you have to send in the steem monthly or is it a onetime thing? Sorry about all the questions but I read the whole article and it left me with more questions than answers. :/

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I believe all of your questions are answered in our FAQ.
https://steemit.com/steembasicincome/@steembasicincome/steem-basic-income-frequently-asked-questions

Please let us know if you still have some confusion after reading the FAQ.

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@moderndayhippie
This system works with sponsorship, and as written above people often sponsor each other.
I have been wanting to increase my shares. How about your sponsor me and I sponsor you for one Steem each?

It's a one time thing and will run continously, no recurring fees.

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I would be down to do that! Thanks a bunch. When should I send my one steem to sponsor you? Since I am not a member yet should i wait until you sponsor me first?

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Cool dude!
It really doesn't matter when you send it, sponsoring someone will get you involved as well, I just needed your ok. Check my wallet, I just sent 1 Steem to SBI sponsoring you, and you can simply do the same sponsoring me. I wonder how often we can do this - if we could do it many times over I would love to expand a bit further as well, will read up on that.

But for now it would mean both of us have two (more) shares than before, and I have the satisfaction of sponsoring someone I dig ;)

The crew behind SBI is amazing and they do so much for the community, I have had lots of good experiences with them. Much love to MI my friend

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Ok, thanks a bunch. I really appreciate it! I will send in my 1 steem now with ur name in the memo.. if we could do ut multiple times with the same person it may be worth it, im interested to know. I dont know what the pay scale is like but im sure the more sponsors u have the more u will get.. do i also need to add @steembasicincome to my steemvoter? I think i read somewhere that i do have to give a 100% daily upvote.. thanks for all the help. :)

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you are so welcome brother.
Let me put it like this - the sooner we get in the better, as the votes come regularly and will compund as SBI grows. I have just started putting SBI on autovote as they are a good crew, but since I just began with the autovote it will take a month or so to see the fruits of it.

The voting is optional, main thing is to get some shares by sponsoring people into SBI, you will get a share for each user you sponsor and they of course will get a share. Not sure if we could do this multiple times to increase both our shares - I think I read it somewhere, will dig further and if so I would love to go for another 5 Steem or so for now. Let me get back to you about that.

I am mainly in it because I found the project early and - I cannot state this enough - the crew behind SBI has their heart in the right place (check out @thedailysneak as well!). The votes will compound in the long run if we get some shares now - and it's a nice way to help minnows grow instead of them using bidbots constantly - it has more of a community aspect to it rather than the "me-first mentality", which was the plan from the beginning.

Much love dude

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@moderndayhippie
As the price of SBD and Steem are far apart now, I don't think they will accept your SBD. They only do when it is close or greater in value than Steem, you're probably gonna get it back.

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Damn, I just realized I sent sbd instead of steem to SBI yesterday.. do u think that will still work? I havent received anything back from them so I hope that worked.. :/ if it doesnt I will send in some steem when I figure it out.. Sorry about that bro.. Fuck it, I will just send some steem in too.

Greetings! I am a minnow exclusive bot that gives a 4X upvote! I recommend this amazing guide on how to be a steemit rockstar! I was made by @EarthNation to make Steemit easier and more rewarding for minnows.

Requested by @steembasicincome

am enthusiastic about it. I waiting @steembasicincome proceed my second SBI

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We only send a confirmation transaction on initial enrollment, but we do have you at 2 shares now.

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Excellent. Thank

I was waiting for this to transfer for a new one

Just a quick question. My voting pattern has stayed the same for many weeks now. 1 post a day. I have also increased my shares at the same time. However my voting percentages seem to be coming down. Is this an error or do the come down as sp/price goes up?

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They gradually come down as each pool gets more shares into it, but those declines in % upvoted are offset by increases in the SP available to that pool.

Since there is a share cap of 100 shares per member in each pool, your share increases should increase the weight you receive from your lowest pool (@sbi3 currently), but they will not offset the gradual decline in % from your higher pools.

I hope you can help us out.

We sent over 3 steem to get shares in the SBI. The problem is that we did not include the "@" before the names in the memo line.

How do we go about correcting this?

Is there a way for us to address this?

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It will be fine. Our enrollment processing is currently a hybrid of automatic and manual processes. (That's why there is still a delay in processing.) While that can cause an issue for the automated piece, it's easy for me to fix.

Bugs in the google docs spreadsheet?

I have been getting various sbi bot upvotes, but my user name is not showing up in the spreadsheet.

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You're in the SBI3 sheet, near the bottom.

Ok....
I am so young in your support....
I am new
...
I just think it's a good project ....
I have invested... 502sp ...
I expected have a litlle return ...

I am not a whale .... but at least... i just loose 0.15$ by support you and win 0.17....
But i loose my good influence... loosing 502sp (for you)...
I don't know what i have to think about...

I am in sbi2 now ... and win ... 0.17 per post .... and if i autoupvote once... i earn 0.15
And i loose my influence for other.... i reward only 0.22 ...... between 0.37.... at 100 % ...

.....
To be continued

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I'm not following the thread of thought here. Is this just current performance statistics so you can come back and see later?

Thank you for creating this experiment in universal basic income. I'm excited to participate. It sounds like it has, and continues to be, a lot of work, so I just want you to know it's appreciated! :-)

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You're welcome. It has been a lot of work, but we're excited about the early traction. It's been a nice start as a social experiment, and we're excited about what's coming up!

We apologize for the continued delay of our upvotes. We’re working hard to obtain more SP to keep up with all of our amazing Thunder Supporters. Thank you for your continued patience and support! You are the lightning to our THUNDER!

As a friendly reminder, the upvote fee is $0.08 SBD ($0.081 for incognito). Current 300%+ upvote is now $0.24+ SBD.

That being said…

BOOOOOOOOOM!!!

The ground shakes as incredible power lights the sky. The thunder tests the quality of your post and deems it worthy, rewarding it with a 300% upvote, comment and resteem from @thundercurator.

Increase your chances of a 100% upvote and support the project by:

Investors who delegate SP to @thundercurator are entitled to 75% of @thundercurator income after curation. Get on-board early and grow with us!