Up until recently I have been running weekly contests awarding 5 Steem Basic Income shares. However, now I am travelling over summer this is a bit more challenging, so I have decided to sporadically award shares to deserving Steemians. Before I go into any more detail and let you know who I am awarding shares to this time and why, lets have a reminder of what @steembasicincome is.
What is Steem Basic Income?
Before I get onto the topic for the contest I quickly want to explain what Steem Basic Income is. From the @steemitbasicincome blog:
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.So basically I will sponsor the winners with share/s in Steem Basic Income and they will receive ongoing upvotes on their posts from SBI - a great way to motivate and encourage minnows to keep on Steeming!
For more information about Steem Basic Income check out this blog by @steembasicincome
My criteria for awarding SBI shares
As I am going to be giving away shares (which cost me Steem!) I want to make sure that they are going to worthy Steemians. So my rough criteria will be:
- Accounts with a reputation of 55 or less (flexible on this one!). The reason is that I believe SBI shares will benefit newer accounts more than those who have been around longer and grown more. Helping newer Steemians grow their account is something I am big on and I believe will help with user retention - something I wrote about here
- Consistency - this means posting regularly, replying to comments and generally engaging in the Steemit community.
- Long term view of Steem - this often comes across in what people post - their ideas about powering up etc.
- Quality and thought provoking content.
And the rewards go to.....
- @paparodin - I awarded these shares the other day but though I would include them in this post. Paparodin is farily new to Steemit and has really engaged with my blog and has joined in with some awesome discussions. Paparodin posts on a variety of topics, and it really comes across in their posts that they have a long term view for Steemit.
- @crypto-econom1st - Posting some great content - as the name suggests they are taking a more metholodical approach when exploring issues such as bidbots and those followers that often follow as soon as you post.
- @rentmoney - running a fair few of their own contests and seems to have asimilar view to me about how Steem will be successful for the long term. @rentmoney is always very engaging on my posts aswell!
- @citimillz - I met Citimillz through Discord where we have had some great discussions. It is clear that Citimillz is working hard to build their account.
Congratulations everyone and keep up the good work! I will have another similar post in a week or so - and I will start up a document with who I have sponsored so I can keep sponsoring new Steemians.
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You should start getting upvotes from an SBI account in the next few days on your posts :) If this doesnt start after a few days let me know and I will follow up.
Looks like turning 55 rep is a bit like dad kicking you out of the house at 18. No more free stuff
Good reason not to use bid bots. They grow your rep way too quickly!
Easy to increase your rep just buy the votes
Bless up sire! It could be a whole lotta encouragement when one's hard work is being recognized.
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Ok, would love to take part in this, thanks
Its a bit of a random giveway - you might be lucky in the future 🙂
please follow and upvote
i wll back same for you
Thats not how Steemit works. If you want morw followers then engage in peoples content and dont go asking for upvotes. Most people hate that and it wont get you anywhere
Yes
Thanks a lot!
I have to admit I wanted to ask you something about sbi shares. Not sure if I still dare to do so.... 😀
Just go ahead and ask him. He is much nicer than I am.
And I can be pretty nice.
Haha thanks 😄
A pleasure! Ask away i dont bite! 🤗
Did you check the profitability from steembasicincome lately?
My feeling says it's deteriorating pretty quickly. But that's just a feeling.
Of course it will be dropping - just like pretty much everything atm!
Of course in fiat.
But maybe also because of lasts over 1 year to earn back your 1 Steem investment....
Hmm i dont know - an idea for a future post for you my friend! 😄
As the program grows, we closely monitor whether the current SP targets (obtained through leased delegation) will continue to be sustainable. Occasionally the targets have to be relaxed when not enough members are upvoting or supporting with delegation.
While I think @sbi is a good initiative and its a great way to reward users in contest and such, I am not 100 % sure the 1 Steem investment is a good one monetary wise for current returns we get. Without looking ... I must have 6-7 shares or more and the upvote I get is valued at $0.01 . That is a one cent upvote in return for 7 Steem.
I know upvoting the @sbi content helps with getting higher votes on shares but that is a faulty in the program in my eyes. Once paid to get in, that should be that. I admit I don't know the full mechanics on how it works but on face vaule it looks like to me the more shares given out the less your own share is worth. So when we give out shares we are essentially devaluing our own.
While at current time the upvote value we get in accordance to what we pay doesn't look appealing to me there are other aspects of the initiative that I like. Steem is low at the moment so a share is inexpensive so thats a plus at the moment.
$0.01 for 7 Steem is not bad at all. So you know what value you get if you use 7 Steem of your own to upvote yourself 10 times a day?
But that $0.01 is mainly depending on how often you get it. 10 times a day would be brilliant. 1 time per week the total opposite.
@sbi is basically a bot so if I use 7 steem on bots for 10 comments that would be 0.70 for each bot. I could gain 80 % ROI or more if I was careful with what bots I used and where I placed those votes.
Note, I updated previous comment.
I believe the same. 60%-80% ROI could be possible with paid bots. However those are different from SBI. As SBI provides a life long of upvotes.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by conradt from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Interesting your project. I wish you the best of success @conrad
Good energy
Nice, thanks for the mention and for the @sbi share.
Thank u to visit my blog :) I like this blog!
Thanks for voting
I Vote U too..
Nice intro
@cutnidar
Steemit is a great platform to earn lot of with post your valueable blog
Thanku for upvotiing and suppoting me @youngogmarqs