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RE: AskHive: How do you feel about SBI (@steembasicincome)?

in Ask the Hive5 years ago

I consider a low UBI--enough to cover the bare necessities of survival--an intelligent and practical support system, albeit with plenty of ideologically driven detractors.

In an increasingly unequal society, a consistent foundation is essential, while the economy would benefit from the wider distribution of resources.

Hive SBI is not a basic income, because the revenue it gives is (roughly) proportional to the investment. But it's an interesting experiment and I do like the principle of sharing revenue through sponsorship.

It has a few issues. The upvotes do not necessarily reflect the quality of the content being rewarded. Also I would prefer it if the upvotes were more slanted in favor of the smaller accounts/amounts of units.

But overall I am satisfied with how Hive SBI is being managed, and with how its problems are being recognized and addressed. It's good for user retention and a clever way to reward contests and engagement. Thumbs up.

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The upvotes do not necessarily reflect the quality of the content being rewarded.

That’s also true for many posts unrelated to sbi. 😏