Would you rather pay with 1 Steem or 3 @SteemBasicIncome for a product or service? by sumatranate

steembasicincome · @sumatranate · Aug 2 '18 (edited)

$0.79

Would you rather pay with 1 Steem or 3 @SteemBasicIncome for a product or service?

I am doing research, and I would appreciate your feedback.  My primary goal is to understand how my fellow Steemians prefer to make payments via the Steem blockchain.

---

<center>![question-mark-1872634_640.jpg](https://cdn.steemitimages.com/DQmdi3szwpbrXogc6yqNvVA7xngXbJSszSjePXHrDjd6N5e/question-mark-1872634_640.jpg)</center>
<center>[source](https://pixabay.com/en/question-mark-important-sign-1872634/)</center>

---

<h1>Which payment option would you prefer?</h1>

1.  **Direct payment with Steem or SBD** - This is a common and convenient payment option available which can be made via your Steem Wallet.
2.  **Payments made via @SteemBasicIncome Sponsorships** - This payment system requires trust in a third party.  The promise is that every share of @SteemBasicIncome equates to a vote on your future post and the person you sponsored.  As long as the program runs smoothly, the investment of 1 Steem could be repaid back over time.
3.  **Automating Voting** - Instead of using liquid Steem, would you prefer to pay for a product or service with an automated vote to the person you are paying?  Automating voting as a payment would not impact your Steem wallet (in the short term) but it would impact your voting activity (which might impact your Steem wallet long-term).

<h1>I want to hear from you.</h1>
Let me know which method you prefer.  And if I did not include your preferred method then share more about your ideas in the comment section.

Also, let me know your ***'why'***.  What is the reason for your choice?

<h1>Giveaway</h1>
Everyone who writes a quality comment will be entered into a @SteemBasicIncome giveaway.  One of the comments will be chosen randomly.  The writer of that comment will receive 1 @SteemBasicIncome share, which will be initiated after the payout of this post.

👍 qurator, sbi2, hr1, make-a-whale, sumatranate, msp-shanehug, xervantes, qwasert, worldclassplayer, ekavieka, birthdayboost, sunrae, cecicastor, steemenglish, steemitcountry, yadamaniart, steemitnatural, saun, corazondelcielo, petrjemson, jayna, notlikeme, theleapingkoala, nolasco, fishyculture, coachjj, verhp11, wisewoof, skycae, styleyfrancky, redheadpei, ntowl, coquiunlimited, onethousandwords, itsben, malay11, indayclara
👎 hellotomyfans

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@cecicastor · Aug 2 '18

I think for now I would use SBD to pay for goods and services. I like to keep my steem. And I don't know a lot about what @SteemBasicIncome can do for me...

👍 sumatranate

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@sumatranate · Aug 4 '18

I use my Steem to powerup.  I think that Steem Power is an important part of the Steem journey.

@SteemBasicIncome describes itself as a social experiment that works to provide basic income to members of the Steem community.  You can send in 1 Steem to @SteemBasicIncome with the name of a person you want to sponsor and then the Steem Basic Income system will upvote both people on future posts.  The more shares you have the larger the vote.

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@cecicastor · Aug 4 '18

Thanks!

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@sumatranate · Aug 8 '18

Entry #5

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@saun · Aug 3 '18 (edited)

$0.02

Hi @sumatranate!
I found SBI blog to be a bit confusing. So, two days ago I personally asked them that what is the meaning? If I get 1 steem as a prize via sbi they pay 1/100 times per post. It mean in coming hundred post I will get all my wealth or steem. But they said they will pay for lifetime. It seems 1 time investment may give 2 in future.

Moreover that's also their strategy and due to this If more and more money We put inside then in coming future steemit dollar price will increase. And vast majority of us are not a daily author. This will also a good opportunity for themselves. More in less expenditure.

But if that's true that if I won 20 SBI then in coming months throughout my life I would recieve 6$ worth upvote per month then I will pick them as there will be fixed earning.

But It is nearly impossible for someone to win 200 sbi. They know this also. 
That's only, I will choose Sbi if 1 become 2.
Please reply if you also know if  this above statement is true!
Thanks for contest.

👍 sumatranate

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@sumatranate · Aug 4 '18 (edited)

It took me a while to understand SBI.    For example, I have about 37 Steem Basic Income Shares (which right now is worth about 40 cents.  So over a week's time, SBI will upvote my posts for a total of about 40 cents - not 40 cents per post, but 40 cents for all of the posts in one week.

I sponsored some people, and I got a share also.
Some people sponsored me and they also received a share.
Some of my shares also came from giveaways and contest.

If the system continues to run well, then I believe that this is a good ongoing basic income (as long as I post).  However, we still have to trust the people who run the @SteemBasicIncome account.  At this time, I still do.

👍 saun

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@saun · Aug 4 '18

OMG! IT MEAN WE ARE GETTING ALMOST NOTHING!!!

properties (22)

@sumatranate · Aug 8 '18

Entry #4

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@ahlawat · Aug 3 '18

thanks for best information!

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@steemitnatural · Aug 3 '18

sebuah pilihan yang sangat rumit, karena biasanya seseorang mebayar berdasarkan kesepakatan, seandainya bisa memilih saya akan memilih dengan SBI saja. kita bisa mendapatkan keuntungan dari upvote reguler

👍 sumatranate

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@sumatranate · Aug 8 '18

Entry #2

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@steemitcountry · Aug 3 '18

saya tidak pernah melakukan pembayaran apapun, seandainya itu terjadi saya lebih memilih membayar tunai dengan SBD, memang membayar dengan SBI juga ada manfaat bagi kita dengan adanya umpan balik, tapi kita belum tentu setuju nilai bayaran kita akan bertambah dari upvote yang mereka dapatkan

👍 sumatranate

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@sumatranate · Aug 8 '18

Entry #3

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@steemmillionaire · Aug 3 '18

$0.06

I was buying things using SBD, and this would be my preferred option for the future. Why this? Because the value of the SBD should remain closely link with the USD, and this would avoid situations like paying a pizza with 10k BTC. Technically it is no difference between the three options, as all are tradable assets and the market value should equalize them, but psychologically, I would not buy the pizza for 10k.

👍 steemmillionaire, sumatranate, gridcoin-booster

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steemmillionaire	19,209,897,213	100%
gridcoin-booster	9,120,561,414	100%

@sumatranate · Aug 4 '18

It seems that SBD is returning close to the value of 1 USD.  In December of 2017, SBD jumped up to $13.  If the price is pegged then I agree that SBD will be a great way to make payments.

properties (22)

`post_id`	58,715,339
`author`	sumatranate
`permlink`	re-steemmillionaire-re-sumatranate-would-you-rather-pay-with-1-steem-or-3-steembasicincome-for-a-product-or-service-20180804t142829025z
`category`	steembasicincome
`json_metadata`	{"tags":["steembasicincome"],"app":"steemit\/0.1"}
`created`	2018-08-04 14:28:27
`last_update`	2018-08-04 14:28:27
`depth`	2
`children`	0
`net_rshares`	0
`last_payout`	2018-08-11 14:28:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	187
`author_reputation`	26,101,572,156,825
`root_title`	"Would you rather pay with 1 Steem or 3 @SteemBasicIncome for a product or service?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@sumatranate · Aug 8 '18

Entry #1

properties (22)

`post_id`	59,108,456
`author`	sumatranate
`permlink`	re-steemmillionaire-re-sumatranate-would-you-rather-pay-with-1-steem-or-3-steembasicincome-for-a-product-or-service-20180808t145121644z
`category`	steembasicincome
`json_metadata`	{"app":"steemit\/0.1","tags":["steembasicincome"]}
`created`	2018-08-08 14:51:21
`last_update`	2018-08-08 14:51:21
`depth`	2
`children`	0
`net_rshares`	0
`last_payout`	2018-08-15 14:51:21
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	8
`author_reputation`	26,101,572,156,825
`root_title`	"Would you rather pay with 1 Steem or 3 @SteemBasicIncome for a product or service?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@sumatranate · Aug 10 '18 (edited)

Congratulations to @steemitnatural for winning 1 share of @steembasicincome

She was entry #2 (from a total of 5 qualifying entries).  I used random.org to generate a random number.  Her is screen shot of the result.

 ![](https://cdn.steemitimages.com/DQmSpLBrrb377w9gttbZDfu1paeEH8tLKqL5AAuXqZDc5VT/image.png)

Selamat!  Anda dapat satu share @steembasicincome.

![](https://cdn.steemitimages.com/DQmeG46UGu36Q2Py4UsLudtbXXrg9krFhJTdajBK86B76hE/image.png)

properties (22)

`post_id`	59,314,739
`author`	sumatranate
`permlink`	re-sumatranate-would-you-rather-pay-with-1-steem-or-3-steembasicincome-for-a-product-or-service-20180810t145445165z
`category`	steembasicincome
`json_metadata`	{"app":"steemit\/0.1","users":["steemitnatural","steembasicincome"],"image":["https:\/\/cdn.steemitimages.com\/DQmSpLBrrb377w9gttbZDfu1paeEH8tLKqL5AAuXqZDc5VT\/image.png"],"tags":["steembasicincome"]}
`created`	2018-08-10 14:54:45
`last_update`	2018-08-10 15:01:03
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-08-17 14:54:45
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	457
`author_reputation`	26,101,572,156,825
`root_title`	"Would you rather pay with 1 Steem or 3 @SteemBasicIncome for a product or service?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000