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.
One of our objectives when we started this experiment was to bring resources to our membership that will help them to become more informed about the ideas surrounding Universal Basic Income. We have been quite busy with membership tracking, vote pattern analysis, and fine-tuning the program. As a result, we have been very limited in the resources we have shared.
A History of Basic Income
Today we would like to share with you a full-length article from Reason magazine, "The Indestructible Idea of the Basic Income." http://reason.com/archives/2017/06/03/the-indestructible-idea-of-the
We found this to be a very interesting read, showing a history of thinkers and ideologues that have talked about Basic Income (or substantially similar ideas), from Tom Paine to Henry James, from Timothy Leary to Scott Santens, actually one of our members.
Read it, think about it, let us know your thoughts!
New feature - delegation bonus shares
We released this feature a couple of days ago, but we want to repeat the announcement for anybody that missed it. Existing members can receive bonus shares by delegation. For every 25 SP delegated to @steembasicincome, members will receive 1 bonus share. Now member A can get similar bonus shares to member B by delegation instead of upvoting, to the benefit of everyone involved! Currently each share receives a weekly voting weight of 8.70%
Any Steemian that is already enrolled in @steembasicincome can delegate as much as they would like, to receive bonus shares. We did some calculations on this offer when we were asked about it, and the approximate APR for this delegation is 27%. That's a 27% annual return to boost everybody's basic income. I don't think it gets much better than that!
Here are some Handy Delegation links:
100 | 200 | 300 | 400 | 500 |
Current Membership
We are up to 790 shares, with 366 members. There are 32 paused members, 69 inactive members, and 130 bonus shares from upvoting @steembasicincome. If you believe your share count to be incorrect, please let us know and we will happily check it again.
Single Share Members
@splendorhub, @vitalmistake, @kit.andres, @gardenbsquared, @vangelov, @chrisroberts, @critic-on, @grapthar, @nehab, @docdelux, @valorforfreedom, @kingscrown, @beiker, @ashe-oro, @anyway, @hilarski, @penguinpablo, @theguruasia, @kryptonaut, @dennisauburn, @lindahas, @marillaanne, @firedream, @axios, @bluerthangreen, @occupywallets, @razvanelulmarin, @cryptosuf, @teahna, @scuzzy, @danyelk, @jedigeiss, @enchantedspirit, @catweasel, @underground, @torico, @discordiant, @owenwat, @welshstacker, @xabi, @praise-eu, @xettrinabin, @pawanregmi28, @upv4life, @clara-andriessen, @xyzashu, @nicholas83, @vindy, @ivan.atman, @perennial, @riovanes, @not-a-bird, @kaylinart, @jrswab, @cynicaloptimist, @kristyyd, @staceyjean, @molovelly, @closerv, @braveheart29, @zord189, @birjudanak, @likedeeler, @jacinta.sevilla, @beatseb, @carrieallen, @haphazard-hstead, @doctorcrypto, @ilyastarar, @geekorner, @marxrab, @apanamamama, @ironshield, @adetola, @cizzo, @privat, @tensor, @hanggggbeeee, @acelad, @sweetbbsr, @criptoes, @holothewise, @wolvesabyss, @vegeta, @jyotigujju, @photocontests, @healingherb, @amanprem, @firephoenixdance, @katysavage, @sweetpea, @lauriki, @frieda, @grey580, @shakazula, @termitemusic, @theaussiegame, @earthnation-bot, @dylan007, @thearts, @shutthefrontdoor, @arbitrarykitten, @alexpavlenko, @mrwildenfree, @whatisnew, @bunnymoney, @inputoutput, @macmaniac77, @themanwithnoname, @treatimusprime, @fknmayhem, @alishi, @earisu, @stortebeker, @rocking-dave, @lonestarpoet, @deerjay, @nobyeni, @debbietiyan, @sardrt, @lilastar, @craigahamilton, @evofield, @positivelight, @wido, @jewels3, @s-montagu, @shreyansh, @bethwheatcraft, @spazzmatikk, @macchiata, @dineandtravel, @adrianobalan, @ziktor, @longsilver, @yuriks2000, @artjohn, @mineopoly, @sayee, @matren, @bammbuss, @serfis, @bogdanfees, @yekrats, @flashfiction, @yana.gora, @narchuk, @melianna, @vibeof100monkeys, @andrew.tischler, @worldclassplayer, @grottbags, @heightenedliving, @coupleumbrella, @investfourmore, @janusface, @dimales, @geopolis, @samve, @jacobts, @ew-and-patterns, @flamingbot, @nichi, @googlee, @funatoz, @svashta, @direwolf, @whatamidoing, @xtetrahedron, @libertylol, @trashureseeker, @ensteemit, @bereginja-steem, @cardoprimo, @farq, @pechichemena, @dontstopmenow, @tylersr, @layl, @wwf, @dalexx, @donovanpage, @thelifewire, @gtan, @ehrgeiz, @sylviemeh, @autobrad, @prabalmallick, @thebugiq, @bniode, @dynamicgreentk
Paused Members
@damira, @zer0hedge, @uwelang, @boxmining, @weirdheadaches, @idikuci, @vee2180, @bryandivisions, @kayclarity, @fitinfun, @havok777, @adammillwardart, @hanen, @wanderingkells, @howtostartablog, @k3b4b, @entrepreneur916, @chireerocks, @faustino, @jfolkmann, @tarazkp, @jade3141, @mariya-lorenz, @cranium, @ammadkhalid, @oleksandr, @dedicatedguy, @mountainjewel, @marketreport, @jamesgetsit
Inactive Members
@familyprotection, @bitopia, @aurora-ca, @karthikdtrading1, @solisrex, @joshua-golbuu, @dmwh, @anarchrysalis, @zingtoys, @butterfly-effect, @crowdfundedwhale, @grimbly, @olivers-wilde, @mysticalword, @chaostheory, @thegrandestine, @audiosiren, @martijn4ever, @jamieklinger, @chiknhead, @tythetraveler, @thephilosophizer, @paps, @excellfitlife, @gnefkow, @lexiconical, @risemultiversity, @revo, @boywonder, @starfall, @mara93, @kittykarma1111, @arthuradamson, @spykemajeska, @cryptotortoise, @stinawog, @antic, @sachdharamsingh, @zakariachowdhury, @arkayani, @syncubate, @nadhiramusic, @sunnyofoz, @uniquecosmos, @laurabean, @satinderdahiya, @silverhunt, @durzo, @thehomeschoolkid, @shawnster, @benjamincossel, @scottsantens, @psychsherpa, @robertlyon, @bola, @profedel83, @cjzachary,
Enrollment
Sounds intriguing... How do I sign up?
Send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the comments. You and the person you sponsor will each receive 1 share in the program. While SBD is still worth more than STEEM, you can also send 1 SBD and the extra value will be treated as a donation.
Questions?
We broke down the mechanics for how the program works in the extended introduction. If you have any other questions, ask away in the comments section!
Sent 1 SBD, sponsoring: @keyss
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As mich as i want to be a menber now i dont have the steem balance of 1$.
But when i get one i will definitely be part of you.
For now am voting and following and commenting.
Respect
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Thanks for your support!
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sent 1 sbd to @steembasicincome to sponsor username: @improv
Appreciation for one who does a lot for our #improv Community!
Thank You SteemBasicIncome
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Still recovering from illness, but the next batch should be processed tomorrow.
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I'd like to sponsor nikkispins, 1STEEM sent. Thanks for this program, I'm setting a personal goal to sponsor at least 1 more steemian each month or sooner. When I sponsor someone else does that automatically get added to my share count or do I mention that I'm a pre-existing member in the comments as well?
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When we process registrations, we always check both names against the existing share list. If they are already members, we update their share counts. New members receive confirmation transactions, but existing members can just watch for their share counts to be increased in the next update.
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Thanks again. Looking forward to learning more. Til then adding this to The Third Edition of JTS STEEM Magazine
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Thanks for the support!
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Can I sponsor more than one person? I still don't understand how the "shares" work. I have met quite a few steemians that I would want to see do better here, and I would pay STEEM for all of them to do so. Do you guys have a discord?
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You can sponsor as many people as you would like. This can be separate transactions, or as a list:
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In this transaction, @sneakyninja sponsors 4 people, and sends 4 STEEM. @sneakyninja will receive 4 shares, and each of the 4 people will receive one share each.
If they already have shares, we will update their share counts. The total share count is the primary driver in the vote weight each member will receive (there are some other factors like bonus shares from upvoting/delegation and posting frequency). There is no limit to how many shares you could get from sponsoring others (look at how many @sneakyninja has!) but there is a limit to vote weight (maximum of 100%). If your share count is high enough to drive your vote weight above 100, your basic income will be 'capped' at 100% upvote on each post. (This is the case for @sneakyninja. We actually have our weekly vote weight set to 8000% instead of 7000% right now, to redistribute the excess weight to the other members and keep @steembasicincome voting power from getting full and wasted.)
We do not have our own Discord. The project manager is @josephsavage and hangs out incognito on some other Discord channels. On Palnet or Minnowbooster discord you can look for him as @mastergerund#1439.
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So if I send you 3 steem, and 3 names, then those people each get 1 share of the vote and I would get 3. They don't have to do anything other than what they already do, and all four of us would be upvoted? This sounds like a fantastic initiative, and I would love to know more!
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Assuming you mean 'voting power' here, then you're exactly right. They each get 1 share of income and you would get 3 (each share currently is worth a little more than 8% weekly weight - which could be delivered on one post if they post less frequently, or spread out across more if they post more frequently.
When items are brought to the collective to vote on (like the @earthnation-bot question currently open) then it's always one vote per person, not per share.
This is exactly right.
You can learn more (and see some of the background, as we usually explain the full logic whenever we make changes) by reviewing some of the older posts. Since there have been some changes, we hope to do a new 'Overview' post soon, but illness precludes us from promising a date for that.
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Id like to sponsor @piterman , I'll be sending 1SBD your way
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Awesome! We will process this in the next batch.
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Nice
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