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RE: Steem Basic Income - Profitable?
I've been following this project since the start as the idea got me excited. I really like the concept of being able to sponsor shares to others and do see good intentions by this project.
After doing my own basic math though, I believe it's not scalable unless there comes some serious outside sponsoring that does not require any shares in the program. Once the initial 90 day lease runs out, any new member that joins will see a far lower return on their 1 steem investment as they have to carry the "dead weight" of older members.
I would love for someone to show me wrong on this though...
They've been going for 3 months now and are still going strong. Yes, older members don't provide additional revenue from entrance fees, but SBI puts out weekly updates and a few other posts that it encourages members to upvote. If you upvote consistently, you can get more shares. The upvote money can be used to help fund the project. Also, some members don't post every day, so don't pull from the VP. Other members go inactive and aren't posting at all.
Good questions!