RE: CLOSED - Hello Steemit, MinnowBuilder Shares are For Sale

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CLOSED - Hello Steemit, MinnowBuilder Shares are For Sale

in introduceyourself •  6 years ago 

Without trying to get you in trouble, can you explain how @minnowbuilder differs from the likes of SBI and upvoteshares?

I like you guys and trust you so I've delegated a little to get the ball rolling, good luck!

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This is the way I understand and see these 3 programs.

SBI was first and came up with the idea of being able to sponsor someone. This made it possible to get something for yourself and give something to someone else at the same time. While it's a good way to give something away in a contest, the numbers and fundamentals don't really add up to see it as an investment. New Shares need to be bough to fund old shareholders and the entire program would collapse if new money stopped coming in. It heavily relies on bought delegation and it's really hard to recover your initial investment.

Upvoteshares is a smaller scale 'proof of concept' system that is fully transparant and based on numbers which makes it all highly predictable. It is mostly aimed toward people who have a longer term mindset on Steemit and will benefit those the most. It also comes wit a way to sponsor minnows, but this is limited in time to make it scalable. Only minnows that get multiple sponsorships over time can also get permanent support in the form of a free (paid for by the program) upvoteshare. Basically the money and value comes from a minimum of 10% that is always powered up on top of what has been send and the shareholders that give up on steemit, this makes it also possible to distribute nearly all unused upvotes to other shareholders and grow the account making the shares worth more in price each level which benefits all existing shareholders.

Minnowbuilder is basically a project that aims to help minnows reach 500SP. Their concept is much better suited to do this in an organised way compared to SBI and Upvoteshares. It's less of an investment in yourself but more in the steemit platform whil you also get something for yourself at the same time.


In short how I see these (feel free to correct me) SBI: Good if you host a contest and want to give out a price but purely as an investment it's a horrible deal and mainly helps the sbi accounts earn a lot of curation rewards. Upvoteshares: Good if you are a content creator that posts ~5+ posts weekly and in are on steemit for the long run. Mostly aimed to support yourself but also helps others at the same time. Minnowbuilder: Good if you look for an effective way to help minnow on this platform while also getting something for yourself at the same time.

Not a bad way of putting it 👍👍

Thanks for this @costanza!

I guess I'm happy to support all three schemes as they all have their pro's.

As a content creator who supports minnows and likes to dish out the odd prize/gift, I can see value in all three for me.

Cheers!

The purchased side of this project is similar to those two projects. Its a daily upvote bot but it also increases in value as it goes.
The main reason for the project is to support new and growing stemians. To take them all the way to 500sp. So yes there are similarities with these other projects on the purchased side.

We believe that by using the other half of this project to build as many people (free of charge with only a return upvote) who are active and involved in this community to minnow status, will help support everyone involved.
Imagine having 60 curators building to 500sp at anyone time. These accounts will grow and support everyone involved.

  ·  6 years ago (edited)

Alright then, this sounds reasonable enough. I'm in 😊

Thanks for the additional info.

Just to add a little. SBI is great, but the concept of "sponsoring someone" has been warped pretty bad in many cases as there is a lot of share swapping (buy me one and I'll buy you one).

Upvoteshares has some great ideas on how to improve on SBI, but are keeping it very limited in scope and while the minnowshares are there they are short term. So while you get to give away these shares you are really buying in for your own vote more then anything. This is great as a way to effectively grow your account, but not a long standing way to help the community.

That all said I feel we took some of the best parts of both programs. Added in manual curation to find deserving redfish. Plus are dedicating to take a redfish from wherever they are in terms of SP and work with them on getting to 500sp.

Mind you MinnowBuilder is only step one. I'm very serious about moving forward and creating dolphins too. But baby steps here and starting off with trying to get us a real class of minnows who have enough vested stake in steemit to potentially make a difference with their voice (votes for witnesses) and ability to help new redfish move along the ranks even faster.

I will also be setting up a vote trail for those who are enrolled in the Minnow Builder Trainee program which could potentially add to the support given to the redfish we are trying to grow. Besides the vote from the minnowbuilder account if we can get some people that have bigger accounts to even give a little each day to supporting those we are growing the process could go much faster. This will start before we move out of Beta, but need a couple weeks to figure out what we didn't think of...there is always something that needs to be fixed with a project like this.