So nice to see this persisting beyond just an experiment even though you still refer to it as such. Great work on the automation and becoming a solid part of the blockchain and experience of so many users.
Looking forward to more innovation and value.
Well, it's still an experiment until we prove that it can scale to the point of actually providing a basic income to people.
That means we need some STEEM recovery, but we will keep doing what we can until that happens.
Well... If the spreadsheet is right right now (and maybe that's going to change) for $500 worth of steem (at current prices) I get $5/week worth of upvotes...
That would mean that for a mere $50,000 worth of steem (which would certainly mean truly believing in the future of Steem, granted) I'd even at today's prices get $500/week which is plenty to live on even living in urban America. So... As long as things don't get worse (and we can feel SURE about that) it seems like feasible. We'll see, though! I sure hope Steem doesn't die a horrible death.
Until we have more data about whether the changes encourage enough big supporting upvotes and delegations we will need to maintain the per-member soft cap at 5% of total units.
That is listed on the Summary tab as Mgmt Bonus Units, which are also 5% of total units. Right now that's a limit of 4400, which would only be $1000.
It is fine to hold at the soft cap and then delegate for bonus units, though.
I don't think STEEM will die a horrible death, because there are a lot of dapps developing for it. There are concerns about the scalability and the costs of running a full node, so I guess we will see how the new initiatives on that front turn out.
Also now that everything is calculated in rshares, it will respond automatically to changes in reward pool dynamics. As the percentage of total SP that is voted grows (and as our percentage of the total grows), we expect the ROI to gradually slide until it aligns closely to the STEEM inflation rate. Granted, that will probably be many years and would be driven by big increases in the STEEM price, so you'll still be pretty happy...
Exactly. It's a good way to have consistent income for a while. The problem, of course, will be that buying in for new users when steem costs more will be harder, and will therefore make it harder for the most vulnerable to acquire an income. But, that's why the system encourages generosity, especially once one has personal stability.
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Follow up, when you upvote these comments, are those values being drawn from our pools, or are they, essentially, a bonus?
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This is a very good question, and I started watching this closely a couple of days ago. The value is being drawn from the pools, but I want it to be a bonus. So... I powered up this 11th account to deliver the upvotes on comments. It is not included in the tracking list for removing rshares from comments, but should still be included in the tracking for rshares on upvotes. I will be doing more testing around it, of course. If I need to I will upvote from this account and then comment from a pool account but obviously that's not my preference.
SBI booster has dustsweeper, too, right?
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Ooh, thanks for the reminder! Today is the first day we have posted from this account, so it had not been set up yet.
Oh! Another question! Is the value in the spreadsheet expressed in STU or USD?
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Expressed in STU. They're supposed to be the same thing, but of course we all know they aren't really.