Member Upvotes Provide Sustainability 27 October 2019

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Steem Basic Income


Steem Basic Income is a social experiment to bring a voluntary crowd-funded 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.

Support from Members


Thank you all for your support! Upvotes that we receive from members are an important component to continue delivering a sustainable basic income!

Here is a visualization of our incoming votes for the last week.

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source: http://www.steemreports.com/incoming-votes-info/?account=steembasicincome&days=7

4.2% of our total value received was from our low 0.86% self-voting. 19.65% of our sustainability coverage is provided by author rewards. Ideally it would be at least 33% (or high enough that our self-vote percentage is higher than our percentage of total value received from that self-vote.)

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Upvoting Bonuses


Last week we opened a discussion with our membership about whether (and how) to change the upvoting bonuses. Based on the feedback we received, we plan to decrease our main upvote reward multiplier from 1.10x to 0.50x. We will also reduce the bonuses paid on our other voting account updates and comments to half that (0.25x).

These changes will occur over an extended period of 10-12 weeks. The current reward levels are 1.05x for main account updates and 1.00x for comments and voting account updates. These are for upvotes we received over the past week. Upvotes we receive over the next week will be rewarded at 1.0x and 0.90x, respectively.

This is low enough to minimize the amount of abuse while still allowing upvotes on SBI to serve as a VP overflow valve when members have busy periods where life interferes with manual curation.

We expect this change to have a positive impact on our overall sustainability metrics. While the total upvotes we receive may decrease, the amount of VP we spend to return them will decrease even more, resulting in a net positive.

There is already a fallback reward logic where low SP accounts earn a higher bonus on main account update upvotes. As part of this change to upvoting bonuses, we will evaluate and raise the fallback level so that small accounts are not negatively impacted by the change (improving the overall distribution for upvoting bonuses to benefit more accounts.) We believe that a wide SP distribution on Steem is extremely good for the system's long-term health, and wider upvote distribution from our program will help achieve that goal.

(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.)

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Enrollment


If you want to get involved in Steem Basic Income, or to increase your subscription level, 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.

In effect, when you enroll, you are 'curating' another account to receive ongoing support, and at the same time receiving curation rewards - an equal level of ongoing support. 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/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.

Questions about Steem Basic Income?


Most questions are addressed in our FAQ or in these helpful resources. If you still have questions, ask in the comments section or join us in our discord channel.

steembasicincome upvotes sustainable busy palnet neoxian marlians zzan lifestyle
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37 comments
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Enjoy a $trendotoken from MAPX! Please also take a look at @MAPXV and @MAXUV as MAPX tokens almost run out.

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!sbi status

Posted using Partiko Android

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Hi @arabisouri!

  • you have 7 units and 0 bonus units
  • your rshares balance is 320284296148 or 0.110 $
  • you need to wait until your upvote value (current value: 0.037 $) is above 0.038 $

Structure of your total SBI vote value:

  • 20.99 % has come from your subscription level
  • 36.26 % has come from your bonus units
  • 38.90 % has come from upvoting rewards
  • 3.86 % has come from new account bonus or extra value from pre-automation rewards


    Take Control! Include #sbi-skip in your text or tags to have us skip any post or comment.
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!sbi status

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Hi @maxsieg!

  • you have 101 units and 0 bonus units
  • your rshares balance is 178411339353 or 0.069 $
  • you need to wait until your upvote value (current value: 0.023 $) is above 0.030 $

Structure of your total SBI vote value:

  • 12.38 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards


    Take Control! Include #sbi-skip in your text to have us skip any post or comment.
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Congratulations @steembasicincome! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 560000 upvotes. Your next target is to reach 570000 upvotes.
Your post was the most upvoted on one day

You can view your badges on your Steem Board and compare to others on the Steem Ranking
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!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!
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Hi @steembasicincome!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.002 which ranks you at #322 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 66 contributions, your post is ranked at #20.

Evaluation of your UA score:
  • You've built up a nice network.
  • The readers like your work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

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Hello fellow @steembasicincome

Your post was upvoted with 100% ($0.0177) because @dragonblades is an awesome member of s77assistant and use his/her power to upvote your post.

If you want to learn more about me and my functionalities visit one of my daily reports.
I will be happy to support you.

At the current time my full vote worth $0.0177 but with your help this can change.
Delegating power will increase my vote worth and your reward.
50SP, 100SP, 250SP, 500SP, 1,000SP, 5,000SP, Custom Amount
Make sure you have at least 15 SP left on your account.

Visit s77assistant's daily report to stay informed about any news

s77assistant now supports his first game.
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Golden Deals!!! Win amazing rewards including Legendary SteemMonster Cards, SBI Shares and STEEM
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The figure looks great! It reflects the support of many people and communities 👏👏👏

Posted using Partiko Android

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So did you guys just reduce the upvotes by half? I have invested some 400 Steem in your project so far and been supporting you daily with my own upvotes and I all I am getting now from you is a 0.10 upvote per day?

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The lowest upvote you have received from us in the last week shows on Steemworld at 0.13, while most are in the 0.20 - 0.24 range. Though if you want to track your upvote values with more accuracy (to eliminate the oddities of reward pool calculations and STEEM price swings) you should always make upvote size comparisons in rshares.

After HF21, we modified our upvote delivery so that instead of delivering only 20% of your pending upvote balance each time, we deliver up to 33% each time. This makes your upvotes more sensitive to variations in posting frequency. In your case, posting 8 hours later one day and at the regular time the next day resulted in a spike in one vote followed by a decline in the next vote.

We did announce in this post that the upvoting rewards will be reduced, but the change will be gradual. We have not made any other recent changes.

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Alright, thanks for the explanation guys. I better read your posts more carefully ;)

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!sbi status

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Hi @mcoinz79!

  • you have 102 units and 50 bonus units
  • your rshares balance is 5888828856106 or 1.951 $
  • your next SBI upvote is predicted to be 0.650 $

Structure of your total SBI vote value:

  • 4.94 % has come from your subscription level
  • 31.27 % has come from your bonus units
  • 63.21 % has come from upvoting rewards
  • 0.58 % has come from new account bonus or extra value from pre-automation rewards


    Take Control! Include #sbi-skip in your text or tags to have us skip any post or comment.
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!sbi status

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Hi @chromiumone!

  • you have 12 units and 0 bonus units
  • your rshares balance is 256366280782 or 0.086 $
  • you need to wait until your upvote value (current value: 0.029 $) is above 0.039 $

Structure of your total SBI vote value:

  • 4.69 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 62.35 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards


    Take Control! Include #sbi-skip in your text or tags to have us skip any post or comment.
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!sbi status

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Hi @hasenmann!

  • you have 1 units and 0 bonus units
  • your rshares balance is 258333203986 or 0.088 $
  • you need to wait until your upvote value (current value: 0.029 $) is above 0.037 $

Structure of your total SBI vote value:

  • 2.55 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.00 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards


    Take Control! Include #sbi-skip in your text or tags to have us skip any post or comment.
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!sbi status

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Hi @relationtrip!

  • you have 5 units and 0 bonus units
  • your rshares balance is 4226188110629 or 1.381 $
  • as you did not wrote a post within the last 7 days, your comments will be upvoted.
  • your next SBI upvote is predicted to be 0.153 $

Structure of your total SBI vote value:

  • 41.85 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 58.15 % has come from upvoting rewards
  • 0.00 % has come from new account bonus or extra value from pre-automation rewards


    Take Control! Include #sbi-skip in your text or tags to have us skip any post or comment.
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!sbi status

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Hi @kalam!

  • you have 82 units and 0 bonus units
  • your rshares balance is 9339396366954 or 3.038 $
  • your next SBI upvote is predicted to be 1.013 $

Structure of your total SBI vote value:

  • 31.18 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 68.60 % has come from upvoting rewards
  • 0.22 % has come from new account bonus or extra value from pre-automation rewards


    Take Control! Include #sbi-skip in your text or tags to have us skip any post or comment.
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