Member Upvotes Provide Sustainability 16 August 2019
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.
source: http://www.steemreports.com/incoming-votes-info/?account=steembasicincome&days=7
10% of our total value received was from our low 1.64% self-voting. Less than 19% 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.)
Upvoting Bonuses
Each time we receive author rewards for a post or comment by any official SBI account, we check the value that each member added to the reward. That value will be added to the member's balance, with a multiplier of 1.10x.
For example, if you upvote this update by $0.10, then $0.11 would be added to your balance when the post pays out. In most cases, this means that a vote for SBI is more profitable than a self-vote. You are rewarded directly for your contribution to the long-term sustainability of the program! You do still have to be enrolled in @steembasicincome to receive this benefit.
This is a great way to boost the Steem Power for program accounts. If your program (or account) does any self-voting to build a permanent SP base, please consider upvoting @steembasicincome each day instead.
(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.)
Steady Growth
We currently have 4698 members that have posted or commented within the last 28 days. Members that are not posting continue to accrue their pending upvote balance, and upvotes will resume automatically when they return. There are currently 248836 subscribed units in the program, up from 245686 last time we published this report seven days ago.
Sustainability Coverage and VP Management
Sustainability Coverage is currently at 69.55% and rshares reward rate is 549,441,520 per SBI unit per day. We had a steady series of conversions that was keeping the ratio above 100%, but the tonsure has caused those to go negative even though SBD is way below $1. We hope these will improve soon and bring our sustainability multiplier back up.
The rshares reward rate for bonus units (delegation reward) is not decreased, and you can help increase the sustainability coverage (and thus the rshares reward rate on regular units) by delegating to @steembasicincome.
For more information, please read Into the Heart of Sustainability.
Enrollment
If you want to get involved, 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.
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Always upvote SBI 💯%
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#OneLove #OneSteem
Cheers 🍻 !BEER
Posted using Partiko iOS
basically, people who were nominated to be in this have to vote your posts for you to vote them?
There are separate value streams, and upvoting rewards are only one part of the whole picture. For more information, please check out the helpful resources page.
https://steemit.com/steembasicincome/@steembasicincome/helpful-sbi-resources
To view or trade
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Posted using Partiko Android
곰돌이가 @bluengel님의 소중한 댓글에 시세변동을 감안하여 $0.001을 보팅해서 $0.022을 지켜드리고 가요. 곰돌이가 지금까지 총 6205번 $67.911을 보팅해서 $79.487을 구했습니다. @gomdory 곰도뤼~
💙
Posted using Partiko Android
!sbi status
Posted using Partiko Android
Hi @arabisouri!
Structure of your total SBI vote value:
Did you know that your SBI level shows in your Steempeak wallet?
!sbi status
Posted using Partiko iOS
Hi @cst90!
Structure of your total SBI vote value:
Did you know that your SBI level shows in your Steempeak wallet?
I have 2 shares but am thinking of buying a few more. how long, on average, does it take to make my steem back then make a profit?
Steem Basic Income was intentionally designed with a focus on sustainability. That said, we try to keep the returns as high as sustainably possible for a non-expiring subscription. The APR is currently about 27%, but it's usually about 30-32%.
Thanks for getting back to me. I appreciate it. Think I will grab a few more shares.
!sbi status
Hi @mcoinz79!
Structure of your total SBI vote value:
Did you know that your SBI level shows in your Steempeak wallet?
Hi @steembasicincome!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.003 which ranks you at #333 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 118 contributions, your post is ranked at #26.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
!sbi status
Posted using Partiko Android
Hi @iampolite!
Structure of your total SBI vote value:
Did you know that your SBI level shows in your Steempeak wallet?
Millions of years after the ancestors of humans evolved to lose their tails, a research team at Japan’s Keio University have built a robotic one they say could help unsteady elderly people keep their balance.
Dubbed Arque, the grey one-meter device mimics tails such as those of cheetahs and other animals used to keep their balance while running and climbing, according to the Keio team.
“The tail keeps balance like a pendulum,” said Junichi Nabeshima, a graduate student and researcher at the university’s Embodied Media Project, displaying the robotic tail attached to his waist with a harness.
“When a human tilts their body one way, the tail moves in the opposite direction.”
As Japan greys it is leading the industrial world in seeking ways to keep its ageing population mobile and productive.
While other nations have turned to immigrant workers to replenish a shrinking workforce, less welcoming Japan has focused more on a technological solution.
The robotic tail, which uses four artificial muscles and compressed air to move in eight directions, will remain in the lab for now, however, as researchers look for ways to make it more flexible, Nabeshima said.
Apart from helping the elderly get around, the team are also looking at industrial applications for the artificial appendage, such as a balance aid for warehouse workers carrying heavy loads.
“I think it would be nice to incorporate this further developed prosthetic tail into daily life, when one seeks a little more help balancing,” Nabeshima said.
You will have much more success on Steem if you only share comments that are relevant to the post.
Congratulations @steembasicincome!
Your post was mentioned in the Steem Hit Parade in the following category:
!sbi status
Hi @vote-transfer!
Structure of your total SBI vote value:
Did you know that your SBI level shows in your Steempeak wallet?