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.

Still Going Strong

We are up to seven pools, so your upvotes could come from @steembasicincome, @sbi2, @sbi3, @sbi4, @sbi5, @sbi6, or @sbi7. We currently have 2130 members that have posted within the last 28 days, and almost 600 members that have not. Unfortunately the members that are not posting are not receiving upvotes. There are currently 12203 'shares' in the program, and it grows every day.

Pool 1 accounts voted

Managing voting power around inactive members is an ongoing challenge. The portion of inactive members in pool 1 has reduced to 20%. Some of these actively comment, but not post, so they will start receiving upvotes when we finish our automation project.

Lately we have been more successful in redistributing the excess voting power that should go to the inactive members to active members, so that it is not wasted. With so many inactive members, we have only been able to upvote 412 of the members in pool 1! @josephsavage doesn't post frequently enough to get value from his management shares, so most of them are temporarily assigned to @katysavage until the automation project is finished.

img source: http://www.steemreports.com/outgoing-votes-info/?account=steembasicincome&days=7

We have deactivated the self-voting on most accounts so that the full voting power can go to members. @josephsavage is too busy running Steem Basic Income to post regularly on his own blog, so he has assigned his management shares to @katysavage. Since she also has over 100 shares of her own, it keeps her at the top of the pool.

While management shares are created at a rate of 5% (e.g. for every 100 regular shares there are 5 management shares), we have decided to cap the shares in each pool at 1% of the potential total shares. Since there can only by 500 * 100 = 50,000 maximum shares in each pool, that means there can only be 500 management shares paid out of that pool's voting power. While the % paid out on management shares is currently higher, it will decrease over time as the pool grows. Meanwhile, new management shares will be assigned to pool 2.

Pool 2 accounts voted

Pool 2 upvotes come from @sbi2!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi2&days=7

With auto-vote on @steembasicincome turned off for pool 2 for a full week, the full voting power has been assigned to members. @andrewharland has a full 100 shares in pool 2 and @rogz06 is approaching that limit.

Pool 3 accounts voted

Pool 3 upvotes come from @sbi3!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi3&days=7

We are still working to shift more inactives into pool 4, to start balancing pool 3 down toward 30% like pools 1 and 2. With auto-vote on @steembasicincome turned off for pool 3 for a full week, the full voting power has been assigned to members.

Pool 4 accounts voted

Pool 4 upvotes come from @sbi4!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi4&days=7

We are still working to rebalance inactive members from pool 4 down into pool 5. With such a high inactive rate, Pool 4 has the highest voting power % of any pool accordingly, we have kept the auto-vote on @steembasicincome. In addition, we have been using that account for upvoting member comments, replying, and making sure that any SBI comments with upvotes from members exceed the dust threshold.

Pool 5 accounts voted

Pool 5 upvotes come from @sbi5!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi5&days=7
Pool 5 has reached its maximum member level. The caps of 500 members per pool and 100 shares in each pool per member help create equality in the SBI upvote distribution over time!

Pool 6 accounts voted

Pool 6 upvotes come from @sbi6!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi6&days=7

With pool 5 now filled, new members are being filled into pool 6. The number of votees in the pool almost tripled this week from 77 to 192. Since it mostly has members with few shares and high posting frequency, the distribution chart is more even. With the pool growing faster than we can rebalance, there has been some strain on the voting power in pool 6. We are working on making the appropriate adjustments to that pool so that members can receive the full level of support they should be receiving from that pool.

Pool 7 accounts voted

Pool 7 upvotes come from @sbi7!

img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi6&days=7

We have just launched pool 7 and started to fill it with some of the most active members. More the members with high posting frequency out of pool 6 will allow them to receive fair upvotes without draining the voting power in pool 6. We are doing something a little different in pool 7, though. Instead of distributing tiny upvotes evenly across every post, members in pool 7 will be capped at 2 upvotes per day. So their weekly voting weight will be divided by 14 (2 per day) instead of their full posting frequency.

If you post frequently and your votes stop, please check for upvotes from @sbi7. You may be receiving 2 votes per day instead of upvotes on every post.

Conclusion

We are still working on our project to fully automate all the processes, but enough improvements have been made to support a more consistent update pattern.

Enrollment

If you want to get involved, or to increase the share of basic income that you receive, 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 share in the program. You can sponsor any active Steemian, it does not have to be a current member.

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/basicincome/@steembasicincome/steem-basic-income-new-transaction-memo-guidelines

The official currency for enrollment is STEEM. We are not currently accepting SBD for enrollments transactions.

Steem Creators Conference

We had a great experience in April at the #steemcreators conference! Check out the tag for footage and photographs from all the presenters and attendees, and see how many photos you can spot @josephsavage in!

Here is @josephsavage's presentation on Steem Basic Income, which we published at the end of April.

EarthNation

Steem Basic Income is designed by @josephsavage, and developed in collaboration with @earthnation. We are grateful for their early support, both in brainstorming ideas for improvement and in providing funding for our massively complex automation requirements. Learn more about Earth Nation on their web page at https://earthnation.world/

Questions?

Please read our recently published FAQ. Most questions are addressed in our FAQ or in the additional resources that it suggests. If you still have questions, ask in the comments section or join us in our discord channel.