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RE: Fullcoverbetting's Worldcup Contest: some interesting facts and update entry list!

in #sbc6 years ago

I have an off topic question. I don't understand how the SBI shares really work and I want to ask you: you have to always buy for someone else these shares? If you buy shares for someone you will receive upvotes from SBI also or just the person you are buying them for? Thnaks.

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Hi @acesontop
The idea behind SBI as that for 1 steem 2 shares are bought. So the one who sponsors get 1 SBI shares, just as the one who did get sponsored.
You got some SBIs shares from @cicbar. It will take some time before this is registered correctly. From then on you should see a higher upvote value from SBI, just like Cicbar!
You can find the number of share you have in the SBI behind the curtain sheet, which can be found here:
https://steemit.com/basicincome/@steembasicincome/steem-basic-income-membership-update-pulling-back-the-screen
The member sheet itself can be found here:
https://docs.google.com/spreadsheets/d/e/2PACX-1vRhhnY8couo1lPKsOBLvwS1hfvVAlB6SrhAHWiM3qXOVep_AUenh97SyPAsMCBWH26HgCOrclNl31BZ/pubhtml

If you do have any other question, please let me know!
Cheers,
Peter

Thank for elucidating my the mystery. I want to buy also some shares in the future, but I didn't know exactly how they work and the process of buying for someone else.

Buying shares is pretty easy: just transfer X steem to @steembasicincome and in the memo place the name of the Steemian you are willing to sponsor.
If it is there first share, they will get a memo notification!
Cheers,
Peter