Member Upvotes Provide SustainabilitysteemCreated with Sketch.

in #updates5 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.

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 6155 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 6122. Members that are not posting continue to accrue their voting balance, and upvotes will resume automatically when they return. There are currently 128443 subscribed units in the program, up from 122253 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.

Here is a visualization of our incoming votes for the last week.
image.png
(source: http://www.steemreports.com/incoming-votes-info/?account=steembasicincome&days=7)

It is important to note that this 13.9% self-vote means that 13.9% of our received upvote value was from our self-votes, not that 13.9% of our voting power was spent on self-votes. In fact, we only spent 6.29% of our voting power on self-votes. This is a material improvement from last time, when 20.9% of our received value was from self-vote. With this improvement, we have also cut down how frequently the pool accounts will upvote our regular updates.

We are also pleased to see an increase in the total voters this week, which increased by 149 from last week. That's almost five times the number of new members, which means the portion of our active member base that is supporting our sustainability through their upvotes is growing.

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 @dosdudesInterview with @holger80
Interview with @reinaldoverdu

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
Sort:  

!sbi status

Hi @contestkings!

  • you have 2552 units and 0 bonus units
  • your rshares balance is 13182329869703 or 6.479 $
  • your next SBI upvote is predicted to be 1.296 $

Hi @contestkings, i want to join the program, could you kindly sponsor me to enroll in the program? I can give back the steem that you use to sponsor me.

We generally discourage begging for sponsors (unless you already know them well, and then it's not begging so much as asking a friend).

We do publish a regular list of contests that give SBI prizes, and there is always a selection in the @contestkings regular contest listing as well.

When I started yesterday I sponsored @mrstark2u and just now I sponsored @phusionphil and @michaellang as well ! @steembasicincome

IMG_4532.JPG

That's a good start!

What is this thing in your hand?

@sbi-booster it is an idea manifest, a 3d pen drawn version of my Darkflame logo !

Posted using Partiko Android

Oh, that's rather cool then, isn't it?

A huge hug from @amico! 🤗

@sbi-booster it is a 3d pen drawn version of my Darkflame logo !

Posted using Partiko Android

Waving my support to @steembasicincome 🙋🏻‍♂️

Posted using Partiko iOS

I have 1 share but I no longer get upvoted please can you explain? Thanks a lot

Posted using Partiko Android

To prevent dust votes, our minimum upvote now is 0.012 on each post, but 1 unit is not a high enough subscription level to get that every time you post. Your balance is still accruing and each time it grows high enough you will receive another upvote.

Great thanks but I thought dust was 0.02? How long does it take to accrue ish please?

Posted using Partiko Android

Any post that does not have 0.02 total vote value at payout has its payout dusted. Setting our minimum at 0.012 assumes that our votes will not be the only votes on the post.

At current STEEM prices, upvote value per unit accrues at about 0.0027 each week (which is equivalent to about 36% APR). We are recommending a subscription level of at least 28 units if you're looking for daily upvotes.

As ever thanks a lot for your help and continued support.😁😀😁

Posted using Partiko Android

Hi @steembasicincome

I have some questions:

  1. Why is my rshares balance $0.496 and my upvote value $0.02? I thought an upvote was 20% of your rshares balance?
  2. Why do I have to wait untill my upvote is $0.239, I recieved one the other day for $0.11

I havn't been very active for a while and the program has progressed alot but it's hard to find answers for these questions across the blog posts.

This info is based on the comment here

Post upvote is 20% of your balance, but comment upvote is only 4% of your balance. Because your account is marked for comment voting, our status bot gave you the comment calculations instead. The minimum comment upvote is $0.024 (the 0.239 is a bug).

If you post now, your balance is high enough for a normal upvote on your posts. If you wait for a comment upvote instead, your balance still needs to grow a little more.

Okay, thanks alot for the speedy reply :D

How come I got a $0.11 comment upvote the other day though? That would mean my balance got to $2.75 for a 4% upvote and should be alot higher than it is now now. I'm just trying to understand how the system works now.

Our comment voting code originally had a bug and was using the same % of balance as our post voting. It has since been fixed to target 4% instead.

Okay, it makes sense now. Thanks for getting back to me

Hi @pandasquad!

  • you have 22 units and 0 bonus units
  • your rshares balance is 1018972404262 or 0.496 $
  • as you did not write a post within the last 7 days, your comments will be upvoted.
  • you need to wait until your upvote value (current value: 0.020 $) is above 0.239 $

Hi @dreimaldad!

  • you have 18 units and 0 bonus units
  • your rshares balance is 108628724716 or 0.053 $
  • you need to wait until your upvote value (current value: 0.011 $) is above 0.012 $

!sbi status

Posted using Partiko Android

Hi @oliviackl!

  • you have 45 units and 0 bonus units
  • your rshares balance is 706926265499 or 0.348 $
  • your next SBI upvote is predicted to be 0.070 $

!sbi status

Posted using Partiko iOS

Hi @cst90!

  • you have 2 units and 0 bonus units
  • your rshares balance is 103906520383 or 0.051 $
  • you need to wait until your upvote value (current value: 0.010 $) is above 0.012 $

!sbi status

Posted using Partiko Android

Hi @gniksivart!

  • you have 44 units and 0 bonus units
  • your rshares balance is 183939609401 or 0.090 $
  • your next SBI upvote is predicted to be 0.018 $

Loving the bot and never realized my votes helped me accumulate some basic income as well. Sbi is definitely growing to become one of the best projects on the platform.

Posted using Partiko Android

Thank you for your support!

A huge hug from @amico! 🤗

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