My SteemBasicIncome Update (Spoiler: I Love SBI!)

in #esteem6 years ago

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I am a big believer in steembasicincome. This is the brainchild of @josephsavage and he has worked really hard to get this program where it is today.

From his original idea where he was working on a spreadsheet (!) to today when he has teams of people and systems in place, this program has been a mainstay and beacon of hope for me on steem. I am proud to be one of the first users, and only want to participate more.

Here is what I will talk about today:

  • What is sbi?
  • How to get shares.
  • How many shares I have now.
  • How can I get a bigger vote?
  • Plans for the future.

What is sbi?

SBI is the steem version of universal basic income. This is a concept with the idea that everyone deserves an income for being a citizen of a place.

Here, we are citizens of steem. If you have sbi shares and blog here, you will get votes from sbi. This concept is tempered in reality with an exclusion for bad content and a restriction that you get votes to the level of shares that you have.

The more shares you have, the higher the vote you get.

Aside from this basic information, there is a lot more detail you can find on the blog at @steembasicincome. I do not worry about it too much and just attempt to get more shares!

How I get shares.

  • I buy them
    Send 1 steem per share and mention another steem blogger in the memo. Both of you get one share. Done!
  • I win them
    So many bloggers offer sbi shares in contests that I cannot begin to list them here. I look on contest posts that sbi has a couple of times a week and the daily @contestkings post as well. Further, I browse in steemnow for new posts and find them often there.

There are so many contests for sbi shares that I never enter them all, but I try my best.

How many shares I have now.

I have two blogs and also help my son @bxlphabet with his. He blogs, but does not deal with the money side of steem at all, so I help him with it.

These are the shares we have now based on my sbi status requests. You can do these requests on a comment anywhere on steem, and in seconds you get the reply.

We all post 2-4 times a day and this makes the vote value fluctuate.

  • more posts; smaller vote
  • less posts; bigger vote

It all comes out properly in the end. SBI has big robots (or something) figuring all this out.

How can I get a bigger vote?

  • You can vote for sbi posts
    I do this vote daily with all three blogs with the @steemdunk auto-voter so I do not have to think about it.

  • You can delegate to sbi
    I am not doing this, but I plan to when I have more sp.

Plans for the future

  • Enter more contests
    I fall off the truck at times and forget to enter contests. Since I have such good results with winning contest, this is a bad plan!
  • Buy more shares
    I was on a plan of buying a couple of shares a week and got off of that. But now I am back on. 2 shares per week is 100 per year. This will not make a big dent in my life now, and will pay of well in the future.
  • Delegate to sbi
    This will happen when I have 1000 of my own sp on any of the blogs. This is a few months off in time for fitinfun, and longer for the other two blogs.

In Conclusion

Thats it! If you have any ideas for me about improving with sbi, please tell me what you know.

If you have questions based on this post, ask them in the comments. I want to here from you.

= =

Minnow tips!

Here is my latest minnow tips post if you struggle here at steem.

These tips can help you even if you are not new.
Monday Minnow Tips for Everyone from @fitinfun

Contents of the Above Post

What should I do EACH DAY on STEEM with low power?

What to do with your STEEM

Are you shooting blanks with your votes?

Should you use an autovoter?

Join qurator

Do not post to nowhere

Why bother to comment?

How and Why to use kryptonia

How to get Upvotes

For Twitter Users

How and Why to lease delegated sp

Curation Trails

Using Discord

And here is an update on @fitinfunfood. I just started this blog in Jan 2019, so you can fid out what I am doing to grow my new baby here:
@fitinfunfood Update Post

Please Help Me Keep Helping at STEEM

Please follow my blogs:

@fitinfun
@fitinfunfood
@bxlphabet is my son's blog, and I am so grateful he has returned.

We all post on Busy most days, where their upvote for us is based on the collective SP of our followers. We all follow back, because we love you. This is the power of STEEM.

Put my blogs on your curation trail

@fitinfun
@fitinfunfood
@bxlphabet

If you delegate sp - you can go to @minnowbooster. One of the blogs always has an offer there, and we are all very grateful if you delgate to us.

= =

bxlphabet fitinfun before and after.jpg

Statistics say that only 5% of people with health resolutions for the New Year will still be on track after Super Bowl Sunday. Is your fitness equipment still out handy, and are you still on a "diet?" Soon we will be in Bathing Suit Season. Are you ready?

I lost "Half My Size" eight years ago by using natural methods. I started on December 5th and did not give up. You can do it too!

This is Sharon @fitinfun. I am posting:

  • Healthy Food Ideas on @fitinfunfood

  • Motivation Minnow Tips and Everything Else on @fitinfun

  • @bxlphabet is posting Southern California, steemmonsters and dtube videos.

Please follow along or contact me directly if you would like some individual help with weight loss and health. Anyone can do this if I did.

Sort:  

Thanks for the write-up! This seems to be a popular topic this week.

It all comes out properly in the end. SBI has big robots (or something) figuring all this out.

The algorithm we use for this is actually not very complicated. We track a pending upvote balance for each member and every time you post, it uses 20% of it. When you post more often, the balance decreases (from upvotes) faster than it recharges (from your subscription level and upvoting rewards) so the vote per post shrinks. When you post less often, the opposite happens (faster recharge than usage) so the vote per post grows.

It's similar to how the balance in your bank account jumps after you get paid and then gradually decreases as you spend money, then jumps again the next time you get paid. Except we smooth it out by having the subscription level growth rate happen every 2.4 hours instead of just once per day. That makes the biggest factors causing the per post value swing to be your own posting frequency and the surge you get from upvoting rewards each time an SBI post reaches payout.

Thank you for chiming in, @josephsavage. Very nice explanation. I appreciate these dependable votes so much and I am on the hunt for more :)

@contestkings is a great place to find contests. Thanks for the mention!!

Posted using Partiko iOS

Glad to! Your lists help me so much!

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Thanks for the follow! I love connecting with people and making meaningful friendships!😀

Posted using Partiko Messaging

You are welcome, @shiftykappone. I'm very glad to connect with fellow steemers :)

I bought shares and did so yesterday and today but it beats me how it works, where to check it out and how to read it.
The only thing I noticed that my SP is dropping fast.

Hi @wakeupkitty!

  • you have 49 units and 0 bonus units
  • your rshares balance is 90143226762 or 0.061 $
  • you need to wait until your upvote value (current value: 0.012 $) is above 0.013 $


    Did you know Steem Basic Income has a Quality Policy?

!sbi status

Posted using Partiko Android

Hi @wakeupkitty!

  • you have 49 units and 0 bonus units
  • your rshares balance is 90143226762 or 0.061 $
  • you need to wait until your upvote value (current value: 0.012 $) is above 0.013 $


    Did you know Steem Basic Income has a Quality Policy?

!sbi status

Hi @botefarm!

  • you have 98 units and 0 bonus units
  • your rshares balance is 147053260555 or 0.103 $
  • your next SBI upvote is predicted to be 0.021 $


    Did you know Steem Basic Income has a Quality Policy?

!sbi status

Hi @fitinfun!

  • you have 194 units and 0 bonus units
  • your rshares balance is 304494142518 or 0.227 $
  • your next SBI upvote is predicted to be 0.045 $


    Did you know Steem Basic Income has a Quality Policy?

!sbi status

Posted using Partiko Android