Hive Stake Basic Income Sponsoring — September 2020
Over the course of the month of September, I bought 50 Hive Stake Basic Income units, sponsoring two units for each of 25 accounts. These are the accounts I sponsored and Hiveblocks links from doing so:
7 September:
@bryan-imhoff, @comingalive, @cmplxty, @davedickeyyall, @deirdyweirdy
https://hiveblocks.com/tx/c75326b930801bd9ee9c4c25c5df95f0aa6cb28a
11 September:
@felt.buzz, @markkujantunen, @mistakili, @nateaguila, @zekepickleman
https://hiveblocks.com/tx/9e24a5fbfaaf2448e5c84fcb34c093ebfd856cd5
19 September:
@enforcer48, @hlezama, @intothewild, @phoenixwren, @soyrosa
https://hiveblocks.com/tx/ff43a66872ceb1b693bb3562ba5e69c1e6979948
24 September:
@dswigle, @ericvancewalton, @mattclarke, @pundito, @steeminganarchy
https://hiveblocks.com/tx/e5bd7059f911283ec9534001272b052fc908296c
29 September:
@cryptoknight12, @felander, @goldendawne, @jacobtothe, @onealfa
https://hiveblocks.com/tx/19f944d2d289e3c725f282c661a211616f36259a
The now awkwardly-named @steembasicincome’s service is not without its detractors. Some think of it as nothing more than a foul vote-buying parasite. I’m not in that camp. I’ve always liked that it’s inherently good at spreading around token distribution. By design, whenever you’re buying a unit for yourself, you’re also buying a unit for someone else. So in terms of selfishness, right off the bat it’s only half as efficient as self-voting, something that most accounts are not completely against as long as it’s not done 10 times a day like He Who Must Not Be Named. And, let’s face it, from a Return On Investment perspective, SBI/HSBI sucks. IIRC, back on the old chain, someone crunched the numbers and calculated that it took more than two years to achieve a positive ROI from buying SBI units, and that was with 75/25 rewards rather than the current 50/50.
And who knows if author rewards will even exist two years from now in anything like their current form?
Unrelated to anything, the pic at the start of this post is some “art” that started as a photo I took of one of our apple trees in bloom, then digitally altered with DeepDreamGenerator.
🍺 Please use one of my Cryptobrewmaster referral links: https://tinyurl.com/cryptobrewmaster
🍺 or
🍺 https://www.cryptobrewmaster.io/game/invite?ref=632f2f10eb0144e8b76cc7896aa619fe&code=AlphaBonus
Oh man so nice of you. I remember when this first became a thing on steem and we were all supporting each other for the long haul. It was a great resource to stack up and accumulate.
Is it the same process here on Hive?
Yeah it’s the same process. It’s actually easier on hive because the PeakD team made it wicked simple. In “other services” in your wallet page, you get a direct link to your shares as well as the ability to sponsor someone and it takes care of all the guess work. The only thing they stopped is delegating increases your votes. I took advantage of that for a while but I think they stopped that a little over a year ago now.
I like the program personally because it lets me help out newer accounts while still helping myself a little bit. Plus hive is dirt cheap, why not? I don’t know if hive gets to .75¢ if I would be doing this hehe.
Thanks for the sponsorship!
Thank you! Really appreciate the sponsorship! I’m thinking of sponsoring some of the people I interact with a lot but aren’t necessarily a new account. These types of programs are a great way to incentivize people to stick around since you can get rewards in multiple ways for the long haul. I was trying to focus on the newer accounts for a while and I still do but I want to expand it a little bit while the price of hive is really low.
Thanks ✌ I remember buying a lot back on the other chain. But I still post there so it's working I guess
I think these shares are a good thing to give to newbies: they see that there is long-time "profit" if they stay active. And I sometimes give away a share to a randomly chosen commenter to a post - of course without telling about it beforehand, because otherwise the number of commenters would magically rise ;)
You’d think so but a year or so I did a post where I said I’d give an SBI unit to anyone who responded. Less than 20 people did so.
Wow I forgot all about this! I remember when SBI started. I'm glad to here Peakd makes it so simple, I remember it being a little bit of a pain in the ass back when I was first interested in it. Thank you for reminding me of this!