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.

What Happens Next?

With our initial automation release behind us, our new !sbi status lookup released on Steem, and comment upvoting activated for members that are not actively posting but still commenting, it's time to start talking about what we have coming up.
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We do not plan to rest on our laurels, but have already been thinking about what is coming next! In Vote Values in Steem Basic Income - Part Three: Where Are We Going?, we explained that there will be a gradual redistribution of rshares balances from inactive and flagged accounts. This post previews that prospective system and gives insight into how we think that will work.

This is only a preview; the actual development will take some time.

Community Support Initiatives (CSI)

Our CSI Framework will be integrated with the redistribution mechanisms. Each day, the total rshares balances for flagged accounts and inactive >100 days accounts will be ‘taxed’ by 1%. The taxed rshares are to be pooled and allocated following 6 algorithms. Flagged accounts are not eligible to receive redistribution from the 6 algorithms, and will be excluded from receiving any rshares from redistribution.

Curation score.

This will follow either the @bodhistats curation ranking score or the @abh12345 curation leagues ranking (or some combination of both). We will calculate rankings each day by using a rolling 28-days of curation data. Target redistribution weight 20%

User authority.

Our own user authority rankings will be independently calculated using the follow-graphs of the SBI membership base, with the top 100 member accounts by total share days as the initial seed. It will be recalculated once daily. Target redistribution weight 20%

Distinct accounts sponsored.

Relative proportion of total distinct accounts sponsored. For each SBI member, we will capture the distinct count of accounts sponsored by that member within the last 90 days. Each member’s proportionate weight from this algorithm would be member’s sponsored_accounts / total sponsored_accounts. Target redistribution weight 20%.

Distinct accounts Sponsored By.

Relative proportion of total distinct accounts sponsored by. For each SBI member, we will capture the distinct count of accounts sponsoring that member within the last 90 days. Each member’s proportionate weight from this algorithm will be that member’s sponsored_by_accounts / total sponsored_by_accounts. Target redistribution weight 20%.

Flat redistribution.

All participating members will receive an equal portion of redistribution from this algorithm. Target redistribution weight 15%

Pro rata redistribution.

All participating members will receive pro rata (even distribution across qualifying units). Target redistribution weight 15%

Why does this add up to 110%?

I deliberately kept the model so that the weights add up to 110%, because this is only a preview. The weights and algorithms have not been finalized yet. The purpose of this post is to preview the framework, invite discussion, and incorporate any feedback before starting on the development.

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CSI Rankings

After the first week of all redistribution algorithms being in effect, members will be ranked by the total redistribution that they have received through this framework. (All active members that are not blacklisted will receive rshares through this system, not just the top ranked accounts).

The Top 10 accounts will qualify to become official SBI Community Support Initiatives. If they chooe to accept this honor, they will be eligible to include an official SBI medallion in their publications, will be featured in one of our updates, and will be listed in a weekly ranking of official Community Support Initiatives.

We will also develop additional incentives and opportunities for accounts receiving this honor.

CSI Expansion

SBI will have up to 20 total Community Support Initiatives. An account needs to rise into the top 10 to be recognized as an official SBI Community Support Initiative, and then they will maintain that status as long as they remain in the top 20 of our weekly rankings. The weekly rankings will be based on the redistributed rshares totals from a rolling 28 days, rather than all-time, in order to keep the rankings fresh and not let Community Support Initiatives rest on their laurels either!

A regular CSI statistical report will include a breakdown of the stats that contributed to their placement in the top 10. The report will include total redistribution amounts alongside the rolling 28 days that rankings are based on. An 'also-ran' table will include top 100 accounts that are not official SBI Community Support Initiatives. This enables members to see rising and falling stars.

Thoughts and Criticisms?

We've been working on the outline for a while, but we needed to finish the initial automation before we shift our focus in this broader direction. What do you think?

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Enrollment

If you want to get involved in Steem Basic Income, or to increase the level of upvotes 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 (except for yourself), 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.

With the new minimum upvote thresholds, it may take time for an initial enrollment to accrue enough value to start receiving upvotes.

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Questions?

Please read our FAQ. Most questions are addressed in our FAQ or in the ‘Helpful Reading’ listed below. If you still have questions, ask in the comments section or join us in our discord channel.

You can look up your current membership levels by using !sbi status in a comment or post, or by using our newly modified member lookup tool.

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Helpful Reading	📖
A Complete Overview	Frequently Asked Questions
Managing Voting Power	Pulling Back the Screen
Steem Basic Income, rShares, and Automation	New SBI Member Lookup Tool
Vote Values in Steem Basic Income - Part One: Blockchain	Vote 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 Delivery	Responsible Voting and Following

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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 Frequentes	Steem基本收入 (Steem Basic Income) - 常见问题 FAQ
Filipino Translation: Steem Basic Income - Frequently Asked Questions	Filipino Translation: Steem Basic Income - A Complete Overview
Indonesia translation: Steem Basic Income - Frequently Asked Questions