Steem Basic Income - Member Delegation Report (10 June 2018)
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 providing regular upvotes to member content.
Still Going Strong
We are up to seven pools, so your upvotes could come from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, or @sbi7. We currently have over 2700 members that have posted within the last 28 days, and many more members that have not. Unfortunately the members that are not posting are not receiving upvotes. There are currently 18730 'shares' in the program, and it grows every day.
Delegation Bonus Shares
Existing members can receive bonus shares from delegation. For every 20 SP delegated to @steembasicincome, members will receive 1 bonus share. These bonus shares will be removed if the delegation is withdrawn. Currently the average weekly voting value per share is 0.0184 (UI value). Of course, that is subject to variations in the price of STEEM.
All pool accounts are managed to target multiples (e.g. 200 shares ~ 400 SP, 500 shares ~1000 SP, etc.) For this reason we ask that members that are delegating for bonus shares always delegate to pool 1 (@steembasicincome) and we will manage the SP flow into the lower pools appropriately. If you want to fill SP orders through minnowbooster's market, you are of course welcome to fill the orders going to lower pools.
Please do not combine filling orders for pool 1 (@steembasicincome) with delegating for bonus shares.
If you would like to see how your bonus shares fit into your overall reward, it is provided in our member tracking sheet. A full explanation is given here:
https://steemit.com/basicincome/@steembasicincome/steem-basic-income-membership-update-pulling-back-the-screen
Any Steemian that is already enrolled in @steembasicincome can delegate as much as they would like, to receive bonus shares. If you are not already a member but would like to delegate, please send an enrollment transaction to @steembasicincome and we will add your bonus shares at the time we process your enrollment.
We appreciate the members that take us up on this! Let's look briefly at member delegations that are rewarded with bonus shares.
| Account | SP Amount | Vesting Shares | Source |
|---|---|---|---|
| @slider2990 | 303.088 SP | 0.616 MVests | SBI member |
| @tfcoates | 100.109 SP | 0.204 MVests | SBI member |
| @emergehealthier | 40.148 SP | 0.082 MVests | SBI member |
| @prch | 20.017 SP | 0.041 MVests | SBI member |
| @electricswine | 20.017 SP | 0.041 MVests | SBI member |
| @melinda010100 | 20.012 SP | 0.041 MVests | SBI member |
| @shanibeer | 20.001 SP | 0.041 MVests | SBI member |
| @aarontaggert | 100.056 SP | 0.204 MVests | SBI member |
| @jessicapixie | 100.941 SP | 0.205 MVests | SBI member |
| @mcoinz79 | 20.000 SP | 0.041 MVests | SBI member |
| @scruffy23 | 20.001 SP | 0.041 MVests | SBI member |
| @sn0n | 200.092 SP | 0.407 MVests | SBI member |
| @redheadpei | 20.009 SP | 0.041 MVests | SBI member |
| @krazypoet | 20.009 SP | 0.041 MVests | SBI member |
| @dynamicrypto | 300.115 SP | 0.610 MVests | SBI member |
| @justinashby | 20.002 SP | 0.041 MVests | SBI member |
| @thabiggdogg | 20.008 SP | 0.041 MVests | SBI member |
| @replayphoto | 50.017 SP | 0.102 MVests | SBI member |
| @ran-a-banana | 40.180 SP | 0.082 MVests | SBI member |
| @thelaundrylady | 60.034 SP | 0.122 MVests | SBI member |
| @oldman28 | 100.040 SP | 0.204 MVests | SBI member |
| @bullish27 | 20.008 SP | 0.041 MVests | SBI member |
| @orlandumike | 120.071 SP | 0.244 MVests | SBI member |
| @mariannewest | 100.040 SP | 0.204 MVests | SBI member |
| @preparedwombat | 200.141 SP | 0.407 MVests | SBI member |
| @jeffandhisguitar | 100.040 SP | 0.204 MVests | SBI member |
| @nonzerosum | 20.020 SP | 0.041 MVests | SBI member |
| @ssimkins9 | 25.526 SP | 0.052 MVests | SBI member |
| @taskmaster4450 | 100.925 SP | 0.205 MVests | SBI member |
| @positiveninja | 100.925 SP | 0.205 MVests | SBI member |
| @d0zer | 201.552 SP | 0.410 MVests | SBI member |
| @cryptogecko | 50.122 SP | 0.102 MVests | SBI member |
| @simplymike | 25.067 SP | 0.051 MVests | SBI member |
| @ligayagardener | 100.311 SP | 0.204 MVests | SBI member |
| @improv | 100.286 SP | 0.204 MVests | SBI member |
| @theleapingkoala | 25.092 SP | 0.051 MVests | SBI member |
| @jedau | 501.993 SP | 1.021 MVests | SBI member |
| @helo | 100.494 SP | 0.204 MVests | SBI member |
| @sagescrub | 100.496 SP | 0.204 MVests | SBI member |
| @summertooth | 100.925 SP | 0.205 MVests | SBI member |
| @theb0red1 | 201.552 SP | 0.410 MVests | SBI member |
| @tylersr | 25.147 SP | 0.051 MVests | SBI member |
| @fishyculture | 25.150 SP | 0.051 MVests | SBI member |
| @revo | 50.310 SP | 0.102 MVests | SBI member |
We are grateful to all of our members that provide delegation. This is terrific for our long-term sustainability! Great job, everyone! If you are a member and you believe that I have incorrectly characterized your delegation as fulfilled through MB market, please reach out to me on Discord so that we can talk about it.
Here are some Handy Delegation links:
| 20 | 100 | 200 | 300 | 400 | 500 |
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 share 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/basicincome/@steembasicincome/steem-basic-income-new-transaction-memo-guidelines
The official currency for enrollment is STEEM. We are not currently accepting SBD. Enrollments are still processed manually and may take 3-4 days.
Questions?
Please read our FAQ. Most questions are addressed in our FAQ or in the additional resources that it provides. To review your share counts, we explain our tracking sheet here. If you still have questions, ask in the comments section or join us in our discord server.
This initiatives looks great, but there is one HUGE concern:
If tommorrow (or two years later) you simple will say: "that's it, we got your money, fools" or maybe just "we are bored and not interested to support this project anymore" no one can punish you or get SP back. Anyone participating mus have 100% trust in you. But we even don't know who you are!
How can a sane person give an actual money for just a pretty words?
UPD: you have no answer for such an important question in your FAQ of "whitepapper". Please add it there. Credibility is much more important than a complicated schemes of shares distribution. What use will have thous shares if project can't be trusted in a first place?
These are fair points, and one reason why we've structured so that a member could enroll for only 1 STEEM and then increase their participation through delegation instead of further increasing their shares.
We do have a formal refund policy that applies to any material program changes (and closing the program would be a material change) that is detailed in the Complete Overview. It's too late to change the FAQ post, but we will include more contact information when we announce our website (coming soon).
Thanks for your answer, @steembasicincome.
I want to trust you, and maybe even will get some shares, cos it's a good deal... it's just a pity that you can't do a trust-less, decentralized system for this project ((
I have been investigating the possibility of doing an SMT in order to support a trust-less decentralized system.
Since HF 20 has not even been released, that's not our immediate development priority. Anyone 'pre-selling' an SMT before the code support for them has been added to the blockchain protocol should be treated with extreme skepticism... especially if the pre-sale is using STEEM or SBD and not an ERC20 or other token that would convert into the SMT after launch.
Have a look at the video's they have posted. They give thw names of those involved. If they simply ran off then they would be found.
Other than that what trust do you give bots, or even in the whole steemit system. You have to trust a little at some point. They have prooved themselves to be trustworthy and will continue to do so.
Why would you screw over a good system that benifits everyone involved, including those managing it.
I trust him alot more than a self upvoter. I have invested with them for 3 months now & get $2.50+ in upvotes daily from them.
Hm? Where is a logic?
First of all, self upvote is 100% transperent - I'm doing nothing prohibited by this blockchain, and doing it openly.
But even then... I don't ask you to send me 1 SBD or something, do not try to make some trusted deal with you. So I do not need your trust anyways.
But SBI needs trust of their peers, cos they getting real money for a far-reaching promises, with no way to force refund in a case if these promises are broken in any manner.
Ergo: my question is a good question, even in case I'm myself is a totally malicious person with a bad intentions. True?
Wait until you see what they tell ME, I'm pretty skeptical, based on past results.
I run a community voter bot and I get very little bad feedback, and it's none once I 'Splain hpw to verify the incoming votes ;)
OK I HAVE GOTTEN A SATISFACTORY ANSWER! ;-)
I've had a bad impression of SBI for a long time,
BUT I AM RECEIVING HELP to figure it out.
Thanks @josephsavage for the verification and I have a trusted member of my own Discord #minnowbootcamp who independently verified the info, he can help me figure out the rest. I am happy to see that SBI is fulfilling their mission, I just seem to need to figure out what to look for and then when, how and why. Still looks overly complicated, but I am a Master of Simplicity ;) I run my system under K.I.S.S. Theory and the recipients can even understand it!
But I also see the need for the complexity here.
THANKS SBI!
Believe it or not, we have tried to keep it simple. There is a balance between constraints and incentives.
As we designed the system, we identified each of the constraints and potential power leaks and built in the appropriate safeguards. That created levels of complexity, but it works pretty well even though hard to understand.
The most common 'complaint' we receive is when people double or triple their posting frequency to take advantage of what they think are consistent 'per-post' upvotes, and then they are shocked to see that we adjust to their posting frequency change to prevent them from robbing SP from the other members.
I think the worst I saw when somebody complained about their upvote value dropping and demanded explanation, their posting frequency had increased by more than 10x.
Most people that join to try to take advantage of our system don't have staying power when they learn that it's designed to prevent that, and they go completely inactive on Steem when they learn that it's not a get-rich-quick scheme.
Glad I just got some shares and now I'm part of this. Thanks for the info! :D
I’m looking to sponsor someone for a return sponsor. Please let me know if you are interested.
I did a lot of trades lately and now I'm out of steem... But I'm interested to do so in the future, are you on discord?
Yes, @cryptictruth
I can't find you somehow (bit of a discord noob...) I'm there with tag #8822 and username: sanderjansenart. Maybe you can add me?
Friend request has been sent.
Hi @cryptictruth, i am interested. Can you detail me a bit more on that please? Thank you .
I’ll send 1 steem to @steembasicincome with your name in the memo. Then you send 1 steem with my name in the memo. That way we each get two shares for the price of one!
Mm i see. So even if we are already enrolled can work that way? And how or where can we see/check how many shares a person (me) has ?
hi I would be willing to do that. how would I know and you know that we have both done it? I can do it tomorrow
Folks @steembasicincome , I have an idea for a more expansive BI program. Would you all be interested in talking with me about this and possibly turning it into a reality?
We'd be happy to hear your ideas if you'd like to come into our discord for a chat.
https://discord.gg/VpghTRz
Thanks @steembasicincome. I think what you are doing is cool and support this initiative. I've been here on Steemit for 100 Days! I am still very much a minnow (or perhaps krill), but nevertheless I am going to give away 5 shares in #steembasicincome to the best fossil listed on my post as a way to say thanks to the people that make this a cool and informative online community:
https://steemit.com/steembasicincome/@snowyknight/tell-me-your-favourite-fossil-and-perhaps-win-a-steem-basic-income-share-100-steemit-days-celebration
Thanks again @steembasicincome (and those that educated me on this concept) and keep up the good work! It is not much but I feel it is one of the best ways to give back and build the community. Cheers.
Thanks for sharing! You will get better results if you share as a comment on our latest contests listing, or in the contests channel on our discord server.
https://discord.gg/VpghTRz
Thank you! In my next 100 days here I will try to figure out Discord. Right now I haven't a clue. The world is still opening here for me. Thanks again!
Hi @steembasicincome . I am confused.. by my count i have 11 SBI, but currently just received 0.08 SBD per upvote
Share count determines weekly value, but your own posting frequency will decide how much that results in each post.
Hey team, I'm planning on putting together a significant SBI give-away (~25 shares) what's the best way to publicize this?
Put the tag #steembasicincome. They will put it on the weekly contest list. You can also copy the link and send it to them in rhese comments.
We also have a contests channel in our discord server.
V
Open now :)
hey would be cool and would be interested in that good luck
It's up mate! Click here :)
Hi @steembasicincome
I sent through 1 steem to enroll @terrybogan 5 days ago and it still hasn't been approved. How long is the waiting time?
We apologize for the delay; waiting times have been longer this week, as explained in the most recent update. I believe that yours has been processed now.
https://steemit.com/steembasicincome/@steembasicincome/steem-basic-income-a-quick-update
Thank you very much and congrats on the newborn :)
wow , you've changed the meaning of SBI, Carry on the good work !!
Thank you for your support!