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 2362 members that have posted within the last 28 days. Unfortunately the members that are not posting are not receiving upvotes. There are currently 14076 'shares' in the program, and it grows every day.
Pool 1 accounts voted
img source: http://www.steemreports.com/outgoing-votes-info/?account=steembasicincome&days=7
Managing voting power around inactive members is an ongoing challenge. Since we allocate votes based on weekly voting power and weekly posting history, we identify inactive accounts as accounts that have not posted in the last 7 days.
The portion of inactive members in pool 1 is rising above 20% again. 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 373 of the members in pool 1!
@josephsavage does not 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. Since she also has over 100 shares of her own, it keeps her at the top of the pool.
Pool 2 accounts voted
Pool 2 upvotes come from @sbi2!
img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi2&days=7
As more members begin maxing out the 100 share limit in more than one pool, we really start to see how effectively our voting weight allocation work! Look how even the top six accounts in this pool are in their weekly voting weight received. With maxed out shares in the pool, and maxed out voting bonuses, they should be very evenly matched in their value received.
Since we capped management shares in pool 1 at 500, we will start to see @katysavage inch ahead over the next few weeks as program growth continues to create more management shares at 5% of total shares.
Pool 3 accounts voted
Pool 3 upvotes come from @sbi3!
img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi3&days=7
Since members with more shares are actively moved up through the pools, the members that are capping out represent larger percentages in the lower pools. We see this very clearly here, with strong representation from @dynamicgreentk, @andrewharland, and @thedailysneak!
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 place. 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 and is starting to deal with high inactivity as we continue to move inactive members down from pool 4. We reactivated the auto-vote on @steembasicincome when the voting power reached 100%, and it received 6.1% of the upvote from @sbi5 this week.
Now that voting power has fallen back toward 80, we will deactivate the auto-vote again next time we find that rule in our rebalance cycle.
Pool 6 accounts voted
Pool 6 upvotes come from @sbi6!
!
img source: http://www.steemreports.com/outgoing-votes-info/?account=sbi6&days=7
Pool 6 is almost full now. It has grown very quickly! The number of votees in the pool almost doubled this week from 192 to 363. 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
This month we launched pool 7 and started to fill it with some of the most active members. Moving 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. 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 all of your posts for upvotes from @sbi7. You may be receiving 2 votes per day instead of upvotes on every post.
We started @sbi7 out supporting @steembasicincome updates to move the voting power away from 100% so that none is wasted. It continues to reach 100% periodically, and we will leave it on until voting power drops below 90%. This week that resulted in 7.9% of voting power going to @steembasicincome.
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. In addition, we launched our new discord server over the weekend. Drop by, say hello, and introduce yourself to some of your fellow SBInians! https://discord.gg/WWUNapu
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.
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. To review your share counts, we explain our tracking sheet here. If you still have questions, ask in the comments section or join us in our discord channel.
