Splintertalk Basic Income?

What is Hive SBI?

SBI Logo design by @roldamn

Hive Stake Based Income (Hive SBI) is a social experiment to bring a voluntary crowdfunded basic income to as many Hivers as possible. Members join by sponsoring others into the program. Hive SBI is delivered through providing regular upvotes to member content.

Background

Hive SBI was originally founded almost four years ago, on the Steem blockchain, as Steem Basic Income. When the fork forming Hive occurred, Hive SBI was 'airdropped' to Steem Basic Income members and established as a separate program. Hive SBI has delivered over a million upvotes. Most accounts that receive support have never paid anything, but instead have been sponsored by others!

Hive SBI is unique in that it is an account based curation program. You're actually curating other accounts to receive consistent upvotes and sponsoring them into the program. When you sponsor others into the program, you are also enrolled to receive consistent upvotes - in essence you receive your curation indirectly as upvotes on your own content.

This is a comparable result to powering up and configuring other users on your own auto voter, except that Hive SBI enables you to do so in a way that requires much less cognitive bandwidth. The upvote delivery dynamically responds to changes in people's posting behavior, and ensures that delivered upvotes are never dusted. It stores up potential value for people that are taking a break and delivers it when they return.

Because of these unique characteristics, Hive SBI is an extremely effective retention mechanism. Users that have been enrolled into Hive SBI have often commented that they find the votes to be a good incentive to continue posting. It inspires them to keep up a consistent effort; they appreciate seeing regular support.

(For more information about Hive SBI, please read our FAQ!)

Splintertalk Curation Proposal

In onboarding new users, Splinterlands has proven itself to be an unstoppable engine of growth. Thousands of new users are creating Hive accounts. We see the current challenge of integrating them into the Hive community as a good fit for our ongoing mission.

We had already started building up a small SPT position when one of Hive SBI's big early supporters (@dynamicgreentk) made a large investment into the Splintertalk token (SPT) and asked Hive SBI to become more involved in Splintertalk curation.

Hive SBI already has a trailing account that accumulates tokens (@sbi-tokens) so that members that post within particular communities will also receive tribal token votes for their posts in those communities.

We always encourage our members to be respectful of appropriate tag usage and we are willing to skip-list members who continually use tags that are not appropriate for the content that they are posting, in fact we have strived to maintain high standards over the course of four years.

After receiving the request from @dynamicgreentk to get more involved in Splintertalk curation, we reviewed our resources and determined that a community funded proposal would be the most effective way of boosting Splintertalk activity.

If our proposal is funded, 100% of the requested SPT will be powered up on the @steembasicincome account and delegated to our token trail account (@sbi-tokens). This two step process is to make it more transparent to the community that the received SPT is being staked and dedicated to curation in accordance with our commitments.

Any liquid curation rewards earned on the @sbi-tokens account will be used at our discretion. The primary uses would be to provide market-making support in various token markets, support our 2.0 development that is currently in progress, and accumulate SPS for one of our upcoming features (not yet announced).

Any curation rewards received as staked SPT tokens on the @sbi-tokens account will be left alone to accumulate on @sbi-tokens and further boost our Splintertalk curation capabilities.

Conclusion

We anticipate that existing Hive SBI members will post more about their Splinterlands activity, as well as actively curate newer Splinterlands accounts by sponsoring them into the Hive SBI program. We have already seen some of this from our team members as we have been in discussions about this proposal.

Hive SBI has been warmly received by most of the Hive community over the last several years, and we deeply appreciate the ongoing support! This proposal will enable us to extend our reach and help countless members of the Splintertalk community in the years to come.



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34 comments
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Wow, I love this idea so much as being shared by you. Thanks a lot, friend

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No, we already have monster curator. Buy the spt if you want to stake and vote.

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It would be good for the ecosystem to have more than one major curator. We have been buying SPT, and plan on buying more. The idea of the proposal was to extend reach quickly.

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Congratulations @steembasicincome! Your post has been a top performer on the Hive blockchain and you have been rewarded with the following badge:

Post with the most upvotes of the day.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Day - October 1st 2021 - Hive Power Delegation
Hive Power Up Month - Feedback from Day 25
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Mayve you should reconsider your logo and remove steem from it :p

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!BEER
!BEER
!BEER
!BEER

I want to tip 4 times the regular amount of beer but not sure how to do it so I am trying this, let's hope it works.

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It's not considered a good practice to upvote your own comments.

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I was unaware since I am new and have seen some other people vote on their own posts.

Would it also be bad ettiquette to boost my own post using Ecency?

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Nono, ecency boosting is fine because nobody is going to do it for you xD

But spread youe upvote out to help others and gain more visability :D

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I guess that's what the user 'anddumbcunts' has been doing lol. I see their upvotes everywhere.

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Nah.. anddumbcunts is a bot, who downvotes alot of users just for the sake of doing it..
But when they run out of Downvote power, it will start to upvote, so its only upvoting now because it ran out of power.

Its a bot by something who is fking crazy

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Curious about how the HIVE community is trying to stop people like that. I assume you are talking about the voice-to-skull spammers, right?

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We can't. We can only downvote them

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Interesting proposal yet if it passes for 100k SPT a day for 1 day or 730 days, do all get free shares if the community funds this instead of us buying shares with SPT? I bet it would pass more easily if liquid rewards were burned with an accurate number of what would be burning throughout the 2 years and what it could also do for the tokenomics? The sound of it going to fund your programs overhead means you will be selling curation payouts so... Great program though, too bad I gave my SBI shares away years ago.

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We considered burning or staking the liquid rewards. They're actually going to be pretty negligible over the life of the program, so it's better to have some flexibility.

There will be no buying units with SPT. Our team have already started curating more splintertalk users, and there will be some exciting new features in our 2.0 release. We don't want to leak too many details at this time, though.

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Hey there I didnt realize I had been given HBI units on this account but it is one of my older backup accounts. Is there any way I can transfer my HBI over to my main one which is @vipservice?

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I really appreciate this proposal of curation Splintertalk content creators. Our actions as a community will keep the positive spirit and favorable for new bloggers.

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I was reading the SBI pinned post and I read this one, and, as a relatively new person to Hive, I have to say: 1. This sounds very cool, and 2. I wish there was an "explain it to me like I am five" version because I don't really understand what I need to do to enroll. Can I enroll or do I need to be sponsored? The instructions seem unclear. I should probably hop on the discord, but I prefer to figure things out on my own (right... so why am I writing a question/comment, then? -- well, I can't find the answers, and I thought maybe other people have similar questions.)

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