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Question asked on Musing.io by funtraveller

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· @funtraveller ·
$0.73
Question asked on Musing.io
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properties (23)
authorfuntraveller
permlinkfkhhdpmyw
categorymusing-threads
json_metadata"{"app":"musing/1.1","appTags":["steemit","rewards","sbi"],"appCategory":"steemit","appTitle":"In your own honest opinion, how do Steem basic income (SBI) really help the community in general? Is it really effective in distributing rewards? Is it really beneficial to a person being enrolled to the program?","appBody":"","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}"
created2018-12-30 17:03:48
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vote details (7)
@cryptoandcoffee ·
$0.66
Question answered on Musing.io
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properties (23)
authorcryptoandcoffee
permlinkf3g7cmbyq
categorymusing-threads
json_metadata"{"app":"musing/1.1","appTags":["steemit","rewards","sbi"],"appCategory":"steemit","appTitle":"In your own honest opinion, how do Steem basic income (SBI) really help the community in general? Is it really effective in distributing rewards? Is it really beneficial to a person being enrolled to the program?","appBody":"<p>I think the whole SBI concept is fantastic. I have around 90 shares now and every post gets a vote. It may not seem like much now but when Steem starts to climb the vote increases in value.</p>\n<p>The aim is to have enough shares to support you build your account. If you had 1000 shares you would be in a very strong position when Steem climbs back to $4 or more. I would guess your vote would be close to $10 then.</p>\n<p>As a recipient I would appreciate anything whether it was one share or more. They all add up in the long run.</p>","appDepth":2,"appParentPermlink":"fkhhdpmyw","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
created2018-12-30 21:01:33
last_update2018-12-30 21:01:33
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vote details (5)
@jlordc ·
$1.15
Question answered on Musing.io
<a href="https://musing.io/q/funtraveller/fkhhdpmyw">View this answer on Musing.io</a>
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properties (23)
authorjlordc
permlinkf3hdpf7zq
categorymusing-threads
json_metadata"{"app":"musing/1.1","appTags":["steemit","rewards","sbi"],"appCategory":"steemit","appTitle":"In your own honest opinion, how do Steem basic income (SBI) really help the community in general? Is it really effective in distributing rewards? Is it really beneficial to a person being enrolled to the program?","appBody":"<p>The SBI program helped the Steem community <strong>to think long-term</strong>. As most of you here are already aware of, it takes a significant amount of time before one can breakeven their investment from SBI and make profit.&nbsp;</p>\n<p>The cool thing about it though is their sponsorship program which allows a Steem user to help another Steem user. In it's own subtle way, SBI is <strong>forcing you to interact with the Steem community</strong> since sponsorship is compulsory and since you also can't sponsor yourself.</p>\n<p>But to be completely honest here, I am still somewhat skeptical how this program will survive in the long run. Based on what I see, the liquid Steem/SBD one sent to SBI are being <strong>used to lease some SteemPower</strong>. This is all good assuming that there is a steady flow of people who want's to enter in the program and sponsor some Steemians.&nbsp;</p>\n<p>What happens when there is a decline in the demand for SBI shares?! Or worse, what happens when people stop altogether sending them liquid Steem/SBD?! They will then <strong>have no means to lease SP</strong> and with lots of users being enrolled in the program I suspect that there would be a huge decline in the upvote worth making it much more harder to breakeven one's investment.&nbsp;</p>\n<p>The program however poses no risk towards the one being sponsored on. So if you don't mind your investment taking some time to breakeven (<em>SBI upvotes are lifetime so you will eventually recover it back</em>) then go! Go do some SBI shares contests as it can really help planktons/minnows in the platform. It also increases one's community engagement level. XD</p>","appDepth":2,"appParentPermlink":"fkhhdpmyw","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
created2018-12-31 11:02:27
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vote details (5)