SBI - Member Upvotes Drive SustainabilitysteemCreated with Sketch.

in #busy5 years ago

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.

Renewed Growth


We have ten voting accounts, so your upvotes could come from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, @sbi7, @sbi8, @sbi9 or @sbi10. The new system dynamically selects the best account to deliver your upvote at the time of upvote delivery.

We currently have 4148 members that have posted or commented within the last 28 days, and many more members that have not. Unfortunately the members that are not posting are not receiving upvotes. There are currently 111583 units in the program, and it grows every day.

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 aim to post once per day, but some auto-voters use a UTC day when you set them to limit upvotes to only 1 per day, so you should set your auto-voters at a 2 per day limit to avoid missing some of our updates.
image.png

img source: http://www.steemreports.com/top-voters/@steembasicincome

You've seen the chart of upvotes received, but how does that drive sustainability? Here are our SP rewards received over the last 28 days:
image.png

Now that most processes are handled automatically, we have been making a renewed effort to publish daily updates and amplify the sustainability boost that we receive from member upvotes. You can see how big the impact of missing an update can be, with big reward dips around Christmas and New Year's, caused by missed updates the week before.

Upvoting Bonuses


Each time we receive author rewards for a post or comment by any official SBI account, we identify the value that each member added to the reward using their upvotes. 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.

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!

Previous Interviews📖
Interview with @andrewharlandInterview with @f3nix
Interview with @dynamicgreentkInterview with @improv
Interview with @dosdudes

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.

Helpful Reading📖
A Complete OverviewFrequently Asked Questions
Managing Voting PowerPulling Back the Screen
Steem Basic Income, rShares, and AutomationNew SBI Member Lookup Tool
Vote Values in Steem Basic Income - Part One: BlockchainVote Values in Steem Basic Income - Part Two: The Way We Were
Vote Values in Steem Basic Income - Part Three: Where Are We Going?SBI 1.0 - Initial Automation Release
Vote Values in Steem Basic Income: Part Four - Value Balances and Upvote DeliverySBI - Responsible Voting and Following
SBI - Check out Our DiscordSBI - Refund Policy Redux

Foreign Language Resources📖
[VN] Phân tích rủi ro và ước lượng xác suất cho SBI.[Traduction] Steem Basic Income - FAQ
[PT] Steem Basic Income - Questões FrequentesSteem基本收入 (Steem Basic Income) - 常见问题 FAQ
Filipino Translation: Steem Basic Income - Frequently Asked QuestionsFilipino Translation: Steem Basic Income - A Complete Overview
Indonesia translation: Steem Basic Income - Frequently Asked QuestionsCo je nového u Steem Basic Income? - #cesky
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On another note, did you know that @steembasicincome is supporting abuse fighting by upvoting comments through @steemflagrewards?

Do you want you SBI shares to automatically support abuse fighting? Join our partner @reazuliqbal's flag trail and NEVER miss an SBI upvote!

I am working on an SFR flag defense bot to protect us all from retaliatory flags thanks to community members @slobberchops, @steevc, @imacryptorick and more!

Get on the ground floor of helping to clean our blockchain and keep it that way!

Posted using Partiko Android

Any way to sell the several shares i have?

We recently updated our refund policy and provided a second alternative that is more generous than what we had before:

https://busy.org/@steembasicincome/sbi-refund-policy-redux

Excellent work! I think a lot of us are taking advantage of such depressed STEEM prices to accumulate as many SBI as possible. :-)

!sbi status

Hi @trincowski!

  • you have 158 units and 0 bonus units
  • your rshares balance is 1229104603646 or 0.674 $
  • your next SBI upvote is predicted to be 0.135 $

I hope so! I would love to see our member community benefit from an eventual upturn in the market. (not financial advice. etc. etc.)

SBI is the best deal on Steemit, hands down. 👍👍

I tend to agree with you, but people find me to be biased.

It really is, though. Any progress on an auto-voter for comments? steemauto has one for if it's a comment on one's own post, but not for all places in the blockchain.

It was @tcpolymath's project, not an official SBI bot, so I don't know the status. Some interest may have cooled now that people can get their !sbi status on the Discord too (not as many comments to keep up with) but it's something I still see value in.

We are looking into getting automated posts from the pool accounts going too (showing the upvotes delivered by that pool that day).

The comment bot itself is done but I'm still in the middle of building the command structure and the user db. Soonish I hope, but I'm not specifically budgeting time for it right now; it happens when I have a moment and want to code.

I appreciate you!

I was enrolled in SBI by @bengy 3-4 days ago but i didnt receive an upvote on my posts until now..why?

Posted using Partiko Android

The unit was assigned according to the spreadsheet.
So your one unit is already adding daily rshares to your sbi rshares balance. To receive an upvote your vote you will receive needs to be above 0.011$. SBI is taking 20% from your rshares balance in that second to upvote you, so to be able to receive one upvote the rshares_balance has to be basically 0.055$. Fresh in the program enrolled it takes time to build that rshares balance up that high for the upvote to happen.

You can always check your balance by writing
!sbi status
in a comment. (Pretty sure I will receive another command thanks to that.)

You can find the rest of the information here:

https://steemit.com/steembasicincome/@steembasicincome/vote-values-in-steem-basic-income-part-four-value-balances-and-upvote-delivery

We released an update a few days ago so that all newly enrolled accounts will start with an rshares balance high enough to immediately deliver an upvote on their next post. We also lifted every member that had not yet accumulated that many rshares up to that same level (1100 members total).

It will still take time for some members to get their next upvotes from us, depending on their enrollment level and whether they decide to upvote our content (and get rewarded for it).

That is a really good thing, I saw that problem with the rshares and it was looking kinda frustrating for new users. And I think we all can afford that small rshares balance for new users. 👍

Yep. So now everybody will start with about 0.055 in value and get their first vote right away.

Hi @takowi!

  • you have 176 units and 6 bonus units
  • your rshares balance is 506265705812 or 0.278 $
  • your next SBI upvote is predicted to be 0.056 $

wow..thanks to that explaination..i somehow understands how does it work..because in their explanation they only mentions upvote..thank you so much..

Posted using Partiko Android

We are working on an updated FAQ that reflects the more recent changes to our program (including accumulation of upvote value until upvote of 0.011 or more can be delivered).

!sbi status

Posted using Partiko Android

Hi @dizzyapple!

  • you have 1 units and 0 bonus units
  • your rshares balance is 99735312595 or 0.055 $
  • you need to wait until your upvote value (current value: 0.011 $) is above 0.011 $

Hi @steembasicincome!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.642 which ranks you at #484 across all Steem accounts.
Your rank has improved 2 places in the last three days (old rank 486).

In our last Algorithmic Curation Round, consisting of 471 contributions, your post is ranked at #39.

Evaluation of your UA score:
  • You've built up a nice network.
  • The readers appreciate your great work!
  • Good user engagement!

Feel free to join our @steem-ua Discord server

Congratulations @steembasicincome! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 4000 as payout for your posts. Your next target is to reach a total payout of 5000

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

SteemWhales has officially moved to SteemitBoard Ranking
SteemitBoard - Witness Update

Support SteemitBoard's project! Vote for its witness and get one more award!

What a great milestone!

!sbi status

Hi @foodology!

  • you have 1 units and 0 bonus units
  • your rshares balance is 82646651239 or 0.044 $
  • you need to wait until your upvote value (current value: 0.009 $) is above 0.011 $

This post has been included in the latest edition of SOS Daily News - a digest of all you need to know about the State of Steem.



Another slow news day? :D

Thanks for including us again, even when you pick posts that I don't think of as being that newsworthy.

@steembasicincome is one of my favorite things about Steemit; won my first share in a contest shortly after joining Steemit in March 2018, and have been slowly adding to it ever since. I particularly love the long-term sustainability aspects here... if you're actually "investing" in SBI, you're making a statement that you intend to be here in the long haul!

=^..^=

Thanks for your ongoing support! We are definitely here for the long haul, and we're glad that you are too.

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