I recently won a share and have so far got 0.05 SBD on each post. So for me it is definitely worth it. And I am also interested in basic income on both a local and global level so I find this very interesting.
RE: SteemBasicIncome Is Not As Useful As You Think
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SteemBasicIncome Is Not As Useful As You Think
i was brought into the program in a simular way but after sponsoring 3 more people into the program my vote actually decreased.
it makes sense if you spend nothing to join SBI then you stand to gain automatically. It was an interesting experiment but its variables make ut unconvincing from my point of view. check mannabase out if you are interested in learning more about basic income.
my main point is that if you spend steem on a membership its upvote is minuscule and you would be better off buying a delegation. it is not a basic income program but more like a MLM where you pay or do other "work" to recieve benefits on a disproportiante basis. this program deviates from the fundamental aspect of Basic income. it sets a god example for how popular the concept of basic income is with the masses but this program is more MLM that basic income.
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It's hard to understand how you categorize it as mlm when 60% of members were sponsored into it by others and have never paid in at all.
I admit it's not as profitable as upvoting yourself 34% but you're the expert there. My own self vote has never been so high.
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i am stating opinion from experience, i was not aware that the majority of members were sponsored in. I was not and thst is the point of view that I am expressing. I paid to be apart of a program for upvotes and when I paid more i got less in return that is my issue. id rather self vote my own comments an content than waste steem on a product that in my experience give diminishing returns.
PS. I'm here to make money so there have been times my self-vote has been higher than 34%!
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You can speak from opinion, but we speak from data and from the public record of what we have officially published from the SBI account. Steem Basic Income was not designed to make you rich.
The idea and philosophy behind basic income is to provide a basic level of support. On Steem, that means helping members to exceed the dust threshold and provide enough support to help prevent people from getting discouraged.
Since we're not rich (and not getting rich from it), the ROI and structure as investment (where you receive shares when you sponsor others) is to provide enough incentive to encourage people to sponsor others in and fund a basic level of support for Steemians that they perceive to create quality content.
I'm sorry that you completely missed the philosophy of Steem Basic Income, along with completely missing everything about how it works, or the fact that upvote values would be strongly correlated to the market prices of STEEM/SBD, even though we have stated that every single time we talk about about value per share.
Given that more than 60% of members were sponsored in by the other less than 40%, that we only have 12 members with @steemcleaners flags right now (under investigation), and that the total upvote % going to affiliated accounts, or management, is less than your own self-vote percentage, I would say that we're doing something right.
We've upvoted over 3000 people and the retention among those we have upvoted is significantly higher than the platform average. Can you say that for your upvote history?
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passing out pennies isn't encouragement... maybe my opinion would be different if i didnt pay for it myself like most other users apparently that was where I erred.
as I said in my post I find this service useless and i could self vote myself if i wanted .02 cents worth of encouragement lol. i still dont see how my one share earned more than my 3 shares. even if steem value goes down i don't see the upvote dropping from .06 to .02. not when my own upvote only decreased from .04 to .03 when the price dropped.
thanks to you though ive racked up on some self upvotes in these comments :)
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