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RE: Steem Basic Income, rShares, and Automation
Normal behavior and community-building behavior will never be as profitable as pure rent-seeking behavior, which is one of the limitations to Steem (that we see every day with typical whale behavior).
We can't fully solve that, but we can build incentives to make community-building behavior profitable enough to tip the scales for people that want to focus on the long-term but still need to make some immediate return.
It's a bit of a prisoner's dilemma. Without those of us community-building, the landlords would see their principle value crash. But I am wondering about the particulars of the math.
I thought of another question. Can people without shares upvote for the 1.05% return upvote? Also, is it 1.05% before or after curation?
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The rshares are before curation. We figure that curation will be a wash, since curation is also taken out of our upvotes on you. (Actually, we think we can time our upvotes and come out ahead on curation, but we shall see!)
Steemians will have to be enrolled to receive the return upvote. But since enrollments will be automated, somebody could upvote and then enroll before payout and get the reward for upvoting.
Got it. So a self-upvote on myself would be 1
vs.
an upvote on an otherwise unvoted piece on you at 30 minutes would be
-1+0.25
and your upvote on me, assuming no other votes and that you did it at 30 minutes would be
1.05-0.2625
which is ultimately
1 vs. .25+.7875 (1.0375)
An excellent deal!
Phew! Thanks for that! Sets it out nicely :)