Member Upvotes Provide Sustainability
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 regular upvotes to member content.
Upvoting Bonuses
Each time we receive author rewards for a post or comment by any official SBI account, we check the value that each member added to the reward. That value will be added to the member's balance, with a multiplier of 1.34x.
For example, if you upvote us by $0.10, then $0.134 would be added to your balance when the post pays out. This would result in you receiving $0.10 back, even after curation rewards. In most cases, this means that a vote for SBI is more profitable than a self-vote. You are rewarded directly for your contribution to the long-term sustainability of the program! You do still have to be enrolled in @steembasicincome to receive this benefit.
This is a great way to boost the voting power for program accounts. If your program (or account) does any self-voting to build a permanent SP base, please consider upvoting @steembasicincome each day instead.
We aim to post once per day, but you should set your auto-voters at a 2 per day limit to avoid missing some of our updates due to time zone differences.
(Official SBI Accounts: @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, @sbi9, @sbi10, @sbi-booster. Our automated system dynamically selects the best account to deliver your upvote at the time of upvote delivery.)
Continuous Growth
We currently have 6122 members that have posted or commented within the last 28 days. This is a very gradual increase from last time we published this, when we had 6102. Members that are not posting continue to accrue their voting balance, and upvotes will resume automatically when they return. There are currently 122253 subscribed units in the program, up from 116959 last time we published this report.
Support from Members
Thank you all for your support! Upvotes that we receive from members are an essential component to keep delivering a sustainable basic income! Our base SP growth is still partially dependent on our small self-voting percentage, but we hope to decrease that dependency as more members recognize the benefits to increasing their auto-votes under the new rewards system.
We have been enjoying our rapid growth, but our author rewards growth needs to keep closer pace with enrollment growth. Soon we will begin publishing regular sustainability reports to give more insight into how we are doing in that regard.
I was able to find some new tools that visualize our incoming votes for the last week.
(source: http://www.steemreports.com/incoming-votes-info/?account=steembasicincome&days=7)
It is important to note that this 20.9% self-vote means that 20.9% of our received upvote value was from our self-votes, not that 20.9% of our voting power was spent on self-votes. In fact, we only spent 8% of our voting power on self-votes. The vast majority of our member base has not yet learned the value of regularly upvoting Steem Basic Income.
After I finish scoring the FAQ contest, I will work on developing more of my own reporting and visuals directly from @steemsql and from our own database. That can be a little tricky, as I'm not actually a SQL developer, but I can be fairly adept with Power BI.
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 unit 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/busy/@steembasicincome/steem-basic-income-updated-transaction-memo-guidelines
The official currency for enrollment is STEEM. If we choose to accept SBD without refunding it, you do not receive extra value for it.
Enrollments are processed automatically every 144 minutes. Confirmation transactions are still manual and typically are sent within 2-3 days. Even if you have not received a welcome transaction, you can check your status using !sbi status in any post or comment.
SBI Writer's Group Needs Your Help
A few spots are available for interested writers to join the SBI writer's group.
You do not already have to be a member of Steem Basic Income to take up this opportunity, but a basic working knowledge of SBI would help.
Here are some examples of previous interviews created by members of the SBI writers group. As you can see from these examples, we let this lapse for a while, but we are ready to take it to the next level!
Participating writers receive rewards of additional SBI levels, along with a writing credit on articles and updates published on @steembasicincome account, to 5k+ followers. Bonuses in STEEM/SBD are available for quality work that requires minimal editing.
Full information about the program is available here. If you are interested, please direct message me (@josephsavage) on the Steem Basic Income discord server.
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. To review your counts, check out our new member lookup tool.
!sbi status
Posted using Partiko Android
Hi @dera123!
!sbi status
Hi @richatvns!
Hi by this quote...
Do you mean added to my SBI balance...? So for every steem's worth of upvotes we're effectively getting one additional sbi share's worth of votes?
Posted using Partiko Android
It'a added to your rshares balance, not the sbi shares. It's a nice boost to you rshares balance
Posted using Partiko Android
OK cheers....I need to check up on what rshares are!
Posted using Partiko Android
The rshares that your upvote provides will be multipled by 1.34 and stored in curation rshares ( check spreadsheet ) .
This will be added to your total rshares and yes you can say you will get extra amount of upvotes.
Posted using Partiko Android
OK cheers....I need to check up on what rshares are!
Posted using Partiko Android
Go here.
https://steemit.com/busy/@steembasicincome/steem-basic-income-rshares-and-automation
Posted using Partiko Android
You're becoming an expert on where the answers are!
I have seen some people get a vote on a comment, how does that happen? Or is it just a manual vote?
Haven't posted for ages so maybe it's new and I will get one, answering my own question...
!sbi status
Hi @cryptohappenings!
It depends on who the vote was from. @sbi-booster manually upvotes comments that add something to the discussion (like this one from you). Those upvotes do not come out of the member upvote balance.
The other accounts upvote comments (at a lower % of balance threshold) for members that have not posted within the last week and have enough balance to get comment upvotes (which vote a lower portion of member balance with a higher minimum).
It's designed so that posts are the intentional primary mechanism for delivering subscribed upvote value, but in cases where members have enough pending upvote balance and aren't actively posting the balance can be partially delivered to comments instead.
In this case, you got both! One from @sbi-booster, and one from your upvote balance.
!sbi status
Hi @r2cornell!
Congratulations @steembasicincome! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
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STOPWow, so now we have two of those!
Loving the continued stream of posts and engagement with the community. Keep up the great work as I feel that it is growing faster than the last which is great!
Posted using Partiko iOS
We've always tried to be transparent and actively engage with the community, but it's a lot easier now that most of the background processes are automated.
Curated for #informationwar (by @Gregorypatrick)
Ways you can help the @informationwar!
Interesting choice. I never would have predicted that one of our updates would be curated by this initiative.
Should we upvote these accounts too? I started getting mentioned in some of them.
@sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, @sbi9, @sbi10
Upvoting rewards are given for upvotes on these accounts, too. At present, two of these accounts are posting each day in addition to the normal @steembasicincome update (for a total of three potential updates to upvote). It might be easier to earn curation from upvotes on these accounts than from upvotes on the main account.
If you often forget to curate and find that your backup system (vote markets?) regularly kicks in and sends you payments, then it could benefit you more to upvote these accounts too.
Alternatively, a more sophisticated strategy would be to setup a backup voter that lists these accounts, but with a higher VP minimum than your normal auto-voter. Then you could automatically upvote with any excess VP before selling through vote markets.
Thanks for the info, I wasn't sure if you were just running a beta test. I'll keep an eye out, cuz I don't know how to do those other things you suggested. 🤣🤣🤣
Posted using Partiko Android
Those are manual for now, until I figure out how to automate them and still do cool visuals.
I regularly tell everyone I know to upvote @steembasicincome official accounts posts and comments but most of them don't see to realize the benefit from it .
I feel like you should post a chart only about how much you have given back based on curation rshares .
That's a great idea! A little tricky because while we track the rewards people have earned that way, not all have been voted (some people have us on auto-voter but have gone inactive). I'm sure we can figure something out though.
!sbi status
Hi @djlethalskillz!