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SMTs, SCOT, Tokenization, and SBI by steembasicincome

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· @steembasicincome · (edited)
$23.17
SMTs, SCOT, Tokenization, and SBI
# Steem Basic Income
Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.

<div class='pull-right' style='float:right;padding:1rem;max-width:30%;'><img style='max-width:100%;' src='https://steemitimages.com/0x0/https://files.steempeak.com/file/steempeak/thekittygirl/t1f3GK0l-SteemBasicIncome.png'/><center><sub>(SBI Token design by @thekittygirl)</sub></center><br></div>

# The Future of Steem

Right after #hf20, @josephsavage [posted](https://steempeak.com/@josephsavage/my-thoughts-on-hf20-rcs-smts-and-the-future-of-steem-contest-enclosed) about the future of Steem on his personal page. (I'm Joseph, it's weird talking about myself in the third person...)

I'd like to share a single quote from that post, and then talk about our current outlook and how it relates to SBI. 

>The future Steem direction is a blockchain built for platforms and programs. For front-ends like Utopian-io. For dApps like dTube, Partiko, dSound. We see this with RC's, with Hivemind, with SMTs.
>
>Condensers will have their own front-ends, SMTs, and RC's. You will create a new account with that website as recovery; they track your keys on their end and you have a normal login/password on your end. They may have normal advertising, sponsored content, or maybe even subscription models as independent revenue sources and use that to ensure that their users have a seamless experience.

At the heart of this model are SMTs, which allow dApps to establish their own reward models and show post values in their SMT - to use their SMT rewards for Trending pages and content discovery, and only show posts that are by people with stake in their SMT.)

## Great SCOT!!
And then SMT development was delayed. Steemit, Inc laid off 70% of their staff, the community panicked, etc. Most of you were along for that ride. 

Steem-Engine's team stepped into the void and took matters into their own hands. The picked apart the SMT white paper and creating a road-map to tokenize on a second-layer (non-consensus) protocol instead of built into the core protocol.

Exactly as predicted, we now have https://www.weedcash.network, a new front-end that only shows posts from a short list of tags, presents rewards in WEED, and follows its own reward distribution system that is independent from SP/SBD system. @richardcrill is a pioneer in blazing this trail, and I commend him for being the first mover in this new space!

## SBI and Tokenization
We have a short-list of required features that still need to be completed (either in SCOT or SMTs) before we can tokenize. At present, the scotbot model is cost-prohibitive for Steem Basic Income's existing distribution model. Once it is full-featured (or when SMT's are actually delivered) we will reevaluate before making a final decision on tokenization. It's an open possibility until we do it and then it's very difficult to go back. It's much better for us to err on the side of caution.

<div class='pull-right' style='float:right;padding:1rem;max-width:33%;'><img style='max-width:100%;' src='https://cdn.steemitimages.com/DQmVhhf7x6ovMeN9qLV7HSPjNea7FM81rMB9Kkt7wu5sT9F/image.png'/><sub><center>SBI Logo design by @roldamn</center></sub><br></div>

## Stacking Tokens
One of the features that Scot allows in their configuration is the ability for issuers to identify whether they can be rewarded to any posts using their tags, or only rewarded to posts using their front-end. 

We consider any groups that are distributing based on tags to be holding up a 'welcome' sign inviting us to enrich their members with bonus tokens from SBI votes. If any issuer decides that they would prefer we *not* stake their token and reward their community with our regular upvotes, then we will accept that and liquidate our stake. 

Until we are 'unwelcomed' (by limiting distribution to front-end only or by asking us to leave), we will evaluate top SCOT tokens, include extra keywords in our updates on a rotating basis, and hopefully build some stake that allows us to give their community members a little extra from their SBI votes.

## Enrollment
If you want to get involved, or to increase the level of basic income that you receive, enrollment is pretty straightforward:

Just send 1 STEEM to @steembasicincome. Include the name of a Steemian to sponsor in the transaction memo (preceded by @). You and the person you sponsor will each receive 1 unit in the program. You can sponsor *any* active Steemian (except for yourself), it does not have to be a current member.

If you're unclear, please check out our full transaction memo guidelines and then let us know if you have any questions.
https://steemit.com/busy/@steembasicincome/transaction-memo-guidelines

The official currency for enrollment is STEEM. If we choose to accept SBD without refunding it, you do *not* receive extra value for it. Enrollments are processed automatically every 144 minutes. 

<h2>Sustainability Coverage and VP Management</h2>

Sustainability Coverage is currently at 98.87% and rshares reward rate is 781,049,630 per SBI unit per day.
The rshares reward rate for bonus units (delegation reward) is not decreased. It actually is higher, to return curation rewards to our delegators. You can help increase the sustainability coverage (and thus the rshares reward rate on regular units) by delegating to @steembasicincome.
For more information, please read [Into the Heart of Sustainability.](https://steemit.com/sustainability/@steembasicincome/into-the-heart-of-sustainability-fractions-of-a-fraction)
Upvoting Reward multipliers are currently at 1.10x until our Voting Power recovers to 80%.

## Questions?
Please read our [FAQ](https://steemit.com/steembasicincome/@steembasicincome/frequently-asked-questions). If you still have questions, ask in the comments section or join us in our [discord channel](https://discord.gg/VpghTRz). 

You can look up your current membership levels by using `!sbi status` in a comment or post, or by using the lookup tools in our [discord channel](https://discord.gg/VpghTRz). 

<center><a href="https://steemit.com/steembasicincome/@steembasicincome/frequently-asked-questions"><img src="https://steemitimages.com/DQmYyGi4HvKXuvQJ7sWPQHH5W33ThfAE74dpsJgMJ6n8UiZ/SBI%20Promo%20Banner%20PNG.png"></a></center>
***

# The Block Party➑️June 20th-23rd⬅️ - RSVP Your Tickets!
<center><a href="https://steemit.com/thealliance/@thealliance/the-block-party-june-20th-23rd-rsvp-your-tickets-did-somebody-say-monkees"><img src="https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmUUyV85oSMp7MbpFoB138FfSQnzSTeBPtfWb5LY9L5tiH/#thealliance%20#theblockparty%20#adsactly.jpg"></a></center>
<center><sub>image by logo contest winner @edxserverus</sub></center>
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 1545 others
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vote details (1609)
@rishi556 ·
$0.04
So SBI is going to stack up on some WEEDCASH and be able to reward people with that as well, this is great.
πŸ‘  , ,
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vote details (3)
@sbi-booster ·
$0.14
So far so good: 
![](https://cdn.steemitimages.com/DQmXvSp1Feh6FuXvgQiRatQDjiVdPh3SHjwLGELRUzouobV/image.png)
πŸ‘  , , , , , , , , , ,
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vote details (11)
@rishi556 ·
$0.04
The site used to only show users who voted who had some WEEDCASH staked, don't know why that changed.
πŸ‘  , ,
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@richardcrill ·
$0.03
Ah yes, a pioneer in blazing!
πŸ‘  
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vote details (1)
@crypticat ·
$0.03
What's the point of weedcash?

Posted using [Partiko Android](https://partiko.app/referral/crypticat)
πŸ‘  
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vote details (1)
@sbi-booster · (edited)
$0.12
#weedcash community (people that smoke weed or use/promote CBD) will have their own web-site with primary rewards in WEED. That way they can be mostly controlled by their own community and not as heavily influenced by bid-bots, etc. (Anyone that wants to influence their rewards will have to stake up in WEED separately from existing SP stake)
πŸ‘  , , , , , ,
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vote details (7)
@abitcoinskeptic ·
$0.04
I think the challenge is seeing one of these tokens establish themselves and not just as a debt for steem.
Right now the minimum price on steemenngine is around 0.001 steem per token. This creates an artificial floor.
I  glad to hear sbi os waiting before jumping in. If it ain't broke dont fix it. Maybe some people can try sbi2.0 which is tokenized and therefore super awesome. After, you can have volunteers make the switch and tell them no backsies.

Posted using [Partiko Android](https://partiko.app/referral/abitcoinskeptic)
πŸ‘  ,
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vote details (2)
@rishi556 ·
$0.03
Proving yourself is not going to be easy, but I'm sure they'll do it. There's even whole blockchains around weed(smoke.io, which is a fork of STEEM, potcoin, which is an old one and I don't know if they still exist), and it might be a way to get more users into STEEM. But it's going to be a challenge for beginners. Learn about that chain as well as Steem at the exact same time.
πŸ‘  
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@abitcoinskeptic ·
$0.03
I've never understood the purpose of most of these tokens. Ignoring them and selling them as soon as I get them seems to be the most profitable strategy.

Posted using [Partiko Android](https://partiko.app/referral/abitcoinskeptic)
πŸ‘  
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@sbi-booster ·
$0.14
Artificial floor is a potential issue, but if the token issuers have a value proposition and don't over-issue their token, it's not an issue.

One way of looking at it: the 'market cap' of any token/project is based on a present estimation of discounted future value of the project. Market cap equals tokens issued * token price. So if the estimated value of the project is only 100 STEEM right now because it's an unproven (or untrusted) team, but the team issues more than 100,000 tokens, the price floor becomes a real issue. On the other hand, if they understand that and only issue 10,000 tokens, then the token may find an equilibrium around 0.01 and not be limited by the price floor.

Biggest issue I have seen with these tokens selling at 0.001 and no demand at all is because people think that if they just issue a token they will somehow get STEEM. 

(Actual question I have seen in steem-engine discord: I issued my token and listed on market, when do I get paid?)

It doesn't work that way. It may feel like magical internet money, but crypto prices actually are driven by fundamentals (estimated probabilities of world-changing properties), with occasional madness causing deviations from fundamentals-driven prices.
πŸ‘  , , , , ,
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vote details (6)
@abitcoinskeptic ·
$0.03
I agree and this is part of the problem. People simply issue too many tokens, then it is somehow my faukt for daring to suggest they may be over valued.

Posted using [Partiko Android](https://partiko.app/referral/abitcoinskeptic)
πŸ‘  
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vote details (1)
@slingshot ·
!sbi status
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@sbi4 ·
$0.03
Hi @slingshot!

* you have 3 units and 0 bonus units
* your rshares balance is 551616281685 or 0.277 $
* your next SBI upvote is predicted to be 0.055 $


Structure of your total SBI vote value:
* 3.29 % has come from your subscription level
* 0.00 % has come from your bonus units
* 78.32 % has come from upvoting rewards
* 0.00 % has come from new account bonus or extra value from pre-automation rewards
<br>
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
πŸ‘  , , , , , , , , , ,
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json_metadata{"app":"steembasicincome\/0.1.2"}
created2019-05-16 04:03:33
last_update2019-05-16 04:03:33
depth2
children0
net_rshares75,177,397,781
last_payout2019-05-23 04:03:33
cashout_time1969-12-31 23:59:59
total_payout_value0.030 SBD
curator_payout_value0.004 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length522
author_reputation3,219,421,038,444
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (11)
@revo ·
!sbi status
properties (22)
post_id74,820,995
authorrevo
permlinkre-slingshot-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t043049713z
categoryweedcash
json_metadata{"tags":["weedcash"],"app":"steempeak\/1.9.9"}
created2019-05-16 04:30:48
last_update2019-05-16 04:30:48
depth2
children1
net_rshares0
last_payout2019-05-23 04:30:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length11
author_reputation6,245,332,363,330
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steembasicincome ·
$0.22
Hi @revo!

* you have 15 units and 50 bonus units
* your rshares balance is 1376638290213 or 0.690 $
* as you did not wrote a post within the last 7 days, your comments will be upvoted.
* your next SBI upvote is predicted to be 0.028 $


Structure of your total SBI vote value:
* 46.33 % has come from your subscription level
* 51.72 % has come from your bonus units
* 1.95 % has come from upvoting rewards
* 0.00 % has come from new account bonus or extra value from pre-automation rewards
<br>
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
πŸ‘  , , , , , , , , ,
properties (23)
post_id74,821,066
authorsteembasicincome
permlinkre-re-slingshot-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t043049713z-20190516t043230z
categoryweedcash
json_metadata{"app":"steembasicincome\/0.1.2"}
created2019-05-16 04:32:30
last_update2019-05-16 04:32:30
depth3
children0
net_rshares424,011,857,531
last_payout2019-05-23 04:32:30
cashout_time1969-12-31 23:59:59
total_payout_value0.174 SBD
curator_payout_value0.051 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length606
author_reputation164,268,978,140,165
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (10)
@georgemales ·
!sbi status
properties (22)
post_id74,821,630
authorgeorgemales
permlinkre-steembasicincome-smts-scot-tokenization-and-sbi-20190516t054054935z
categoryweedcash
json_metadata{"tags":["weedcash"],"app":"steemit\/0.1"}
created2019-05-16 04:46:00
last_update2019-05-16 04:46:00
depth1
children1
net_rshares0
last_payout2019-05-23 04:46:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length11
author_reputation9,623,506,263,980
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sbi8 ·
$0.05
Hi @georgemales!

* you have 12 units and 0 bonus units
* your rshares balance is 121259773651 or 0.061 $
* you need to wait until your upvote value (current value: 0.012 $) is above 0.013 $


Structure of your total SBI vote value:
* 79.80 % has come from your subscription level
* 0.00 % has come from your bonus units
* 9.40 % has come from upvoting rewards
* 10.80 % has come from new account bonus or extra value from pre-automation rewards
<br>
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
πŸ‘  , , , , , , , , ,
properties (23)
post_id74,821,772
authorsbi8
permlinkre-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t054054935z-20190516t044928z
categoryweedcash
json_metadata{"app":"steembasicincome\/0.1.2"}
created2019-05-16 04:49:30
last_update2019-05-16 04:49:30
depth2
children0
net_rshares108,310,108,449
last_payout2019-05-23 04:49:30
cashout_time1969-12-31 23:59:59
total_payout_value0.044 SBD
curator_payout_value0.008 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length561
author_reputation2,374,409,141,035
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (10)
@alfonzo ·
!sbi status 

Posted using [Partiko iOS](https://partiko.app/referral/alfonzo)
properties (22)
post_id74,823,289
authoralfonzo
permlinkalfonzo-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t052224751z
categoryweedcash
json_metadata{"app":"partiko","client":"ios"}
created2019-05-16 05:22:24
last_update2019-05-16 05:22:24
depth1
children1
net_rshares0
last_payout2019-05-23 05:22:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length78
author_reputation116,890,112,812
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sbi8 ·
$0.05
Hi @alfonzo!

* you have 1 units and 0 bonus units
* your rshares balance is 143499437061 or 0.072 $
* as you did not wrote a post within the last 7 days, your comments will be upvoted.
* you need to wait until your upvote value (current value: 0.003 $) is above 0.025 $


Structure of your total SBI vote value:
* 20.21 % has come from your subscription level
* 0.00 % has come from your bonus units
* 45.77 % has come from upvoting rewards
* 0.00 % has come from new account bonus or extra value from pre-automation rewards
<br>
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
πŸ‘  , , , , , , , , , ,
properties (23)
post_id74,823,339
authorsbi8
permlinkre-alfonzo-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t052224751z-20190516t052345z
categoryweedcash
json_metadata{"app":"steembasicincome\/0.1.2"}
created2019-05-16 05:23:45
last_update2019-05-16 05:23:45
depth2
children0
net_rshares96,064,876,522
last_payout2019-05-23 05:23:45
cashout_time1969-12-31 23:59:59
total_payout_value0.039 SBD
curator_payout_value0.007 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length641
author_reputation2,374,409,141,035
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (11)
@bluengel ·
$0.03
OMG !
How about SBI stacking scot 
@steembasicincome β™₯β™₯β™₯♬♬♬

Posted using [Partiko Android](https://partiko.app/referral/bluengel)
πŸ‘  
properties (23)
post_id74,823,707
authorbluengel
permlinkbluengel-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t053246085z
categoryweedcash
json_metadata{"app":"partiko","client":"android"}
created2019-05-16 05:32:48
last_update2019-05-16 05:32:48
depth1
children0
net_rshares49,163,371,248
last_payout2019-05-23 05:32:48
cashout_time1969-12-31 23:59:59
total_payout_value0.020 SBD
curator_payout_value0.006 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length130
author_reputation42,440,234,781,798
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@eii ·
!sbi status
properties (22)
post_id74,826,263
authoreii
permlinkre-steembasicincome-smts-scot-tokenization-and-sbi-20190516t063133678z
categoryweedcash
json_metadata{"tags":["weedcash"],"app":"steempeak\/1.9.9"}
created2019-05-16 06:32:24
last_update2019-05-16 06:32:24
depth1
children1
net_rshares0
last_payout2019-05-23 06:32:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length11
author_reputation20,157,860,920,036
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sbi7 ·
$0.03
Hi @eii!

* you have 10 units and 0 bonus units
* your rshares balance is 109749164641 or 0.055 $
* you need to wait until your upvote value (current value: 0.011 $) is above 0.013 $


Structure of your total SBI vote value:
* 27.35 % has come from your subscription level
* 0.00 % has come from your bonus units
* 66.76 % has come from upvoting rewards
* 5.88 % has come from new account bonus or extra value from pre-automation rewards
<br>
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
πŸ‘  , , , , , , ,
properties (23)
post_id74,826,355
authorsbi7
permlinkre-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t063133678z-20190516t063439z
categoryweedcash
json_metadata{"app":"steembasicincome\/0.1.2"}
created2019-05-16 06:34:39
last_update2019-05-16 06:34:39
depth2
children0
net_rshares60,312,882,035
last_payout2019-05-23 06:34:39
cashout_time1969-12-31 23:59:59
total_payout_value0.024 SBD
curator_payout_value0.005 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length553
author_reputation2,417,315,480,804
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (8)
@chronocrypto ·
!sbi stats 

Posted using [Partiko iOS](https://partiko.app/referral/chronocrypto)
properties (22)
post_id74,828,226
authorchronocrypto
permlinkchronocrypto-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t071424598z
categoryweedcash
json_metadata{"app":"partiko","client":"ios"}
created2019-05-16 07:14:27
last_update2019-05-16 07:14:27
depth1
children0
net_rshares0
last_payout2019-05-23 07:14:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length82
author_reputation140,892,828,816,537
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@chronocrypto ·
!sbi status

Posted using [Partiko iOS](https://partiko.app/referral/chronocrypto)
properties (22)
post_id74,828,289
authorchronocrypto
permlinkchronocrypto-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t071534015z
categoryweedcash
json_metadata{"app":"partiko","client":"ios"}
created2019-05-16 07:15:33
last_update2019-05-16 07:15:33
depth1
children1
net_rshares0
last_payout2019-05-23 07:15:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length82
author_reputation140,892,828,816,537
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@sbi6 ·
$0.04
Hi @chronocrypto!

* you have 39 units and 0 bonus units
* your rshares balance is 123625050344 or 0.062 $
* you need to wait until your upvote value (current value: 0.012 $) is above 0.013 $


Structure of your total SBI vote value:
* 97.21 % has come from your subscription level
* 0.00 % has come from your bonus units
* 0.00 % has come from upvoting rewards
* 2.79 % has come from new account bonus or extra value from pre-automation rewards
<br>
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
πŸ‘  , , , , , , , ,
properties (23)
post_id74,828,393
authorsbi6
permlinkre-chronocrypto-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t071534015z-20190516t071741z
categoryweedcash
json_metadata{"app":"steembasicincome\/0.1.2"}
created2019-05-16 07:17:42
last_update2019-05-16 07:17:42
depth2
children0
net_rshares77,632,218,261
last_payout2019-05-23 07:17:42
cashout_time1969-12-31 23:59:59
total_payout_value0.032 SBD
curator_payout_value0.005 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length561
author_reputation2,590,200,204,531
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (9)
@jk6276 ·
$0.03
I like the cautious approach you take. Having the SBI program stack tokens would be a very nice extra benefit.  I can see a challenge in balancing the token holding proportionally across each voting account.  Maybe some sort of bot command we can call for token related posts. 

For example, if I post a weedcash tagged post, at the end of the post I could put an !sbi weed, to notify the sbi bot to use the account that holds powered up Weed tokens.  Concentrating the "weed power" in one account could boost member returns more, with it then spread out as growth requires.

Something to think about anyway. @josephsavage.

Posted using [Partiko Android](https://partiko.app/referral/jk6276)
πŸ‘  ,
properties (23)
post_id74,831,213
authorjk6276
permlinkjk6276-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t082407694z
categoryweedcash
json_metadata{"app":"partiko","client":"android"}
created2019-05-16 08:24:09
last_update2019-05-16 08:24:09
depth1
children1
net_rshares62,811,673,679
last_payout2019-05-23 08:24:09
cashout_time1969-12-31 23:59:59
total_payout_value0.025 SBD
curator_payout_value0.008 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length692
author_reputation25,442,252,331,525
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@sbi-booster ·
$0.14
You raise some interesting points. We were planning to distribute pro-rata across our accounts, but we would have a bigger impact if we concentrate a token or two in each account and prioritize that account for voting when certain tags are used. 

We will look into this possibility.
πŸ‘  , , , , , , , ,
properties (23)
post_id74,858,305
authorsbi-booster
permlinkre-jk6276-jk6276-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t174756869z
categoryweedcash
json_metadata{"tags":["weedcash"],"app":"steemit\/0.1"}
created2019-05-16 17:47:57
last_update2019-05-16 17:47:57
depth2
children0
net_rshares269,721,987,720
last_payout2019-05-23 17:47:57
cashout_time1969-12-31 23:59:59
total_payout_value0.110 SBD
curator_payout_value0.034 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length283
author_reputation2,775,449,523,585
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (9)
@newageinv ·
$0.07
Great to see the sustainability so strong and the future looking great as the ecosystem develops! This will be a great step for the community but agree that time should be taken to see how it all matures.

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
πŸ‘  
properties (23)
post_id74,839,777
authornewageinv
permlinknewageinv-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t114334605z
categoryweedcash
json_metadata{"app":"partiko","client":"ios"}
created2019-05-16 11:43:36
last_update2019-05-16 11:43:36
depth1
children0
net_rshares131,001,733,859
last_payout2019-05-23 11:43:36
cashout_time1969-12-31 23:59:59
total_payout_value0.053 SBD
curator_payout_value0.017 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length272
author_reputation43,875,514,502,608
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@freedomex ·
$0.05
Very nice post SBI! SCOT has gotten us started with the tokenization of front ends via condenser. We are in a whole new era, and im excited about our future!!
πŸ‘  ,
properties (23)
post_id74,841,374
authorfreedomex
permlinkre-steembasicincome-smts-scot-tokenization-and-sbi-20190516t121840318z
categoryweedcash
json_metadata{"tags":["weedcash"],"app":"steemit\/0.1"}
created2019-05-16 12:18:42
last_update2019-05-16 12:18:42
depth1
children0
net_rshares116,236,231,464
last_payout2019-05-23 12:18:42
cashout_time1969-12-31 23:59:59
total_payout_value0.047 SBD
curator_payout_value0.004 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length158
author_reputation73,564,225,445,964
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@steem-ua ·
#### Hi @steembasicincome!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 6.004 which ranks you at **#345** across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 346).

In our last Algorithmic Curation Round, consisting of 385 contributions, your post is ranked at **#57**.
##### Evaluation of your UA score:

* You've built up a nice network.
* The readers appreciate your great work!
* Good user engagement!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
properties (22)
post_id74,842,688
authorsteem-ua
permlinkre-smts-scot-tokenization-and-sbi-20190516t124451z
categoryweedcash
json_metadata{"app":"beem\/0.20.19"}
created2019-05-16 12:44:51
last_update2019-05-16 12:44:51
depth1
children0
net_rshares0
last_payout2019-05-23 12:44:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length626
author_reputation21,489,297,692,270
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@emergehealthier ·
$0.03
The future of platform and SBI is looking good.  I'm glad I hung in there during the lows.  !sbistatus

Posted using [Partiko Android](https://partiko.app/referral/emergehealthier)
πŸ‘  
properties (23)
post_id74,852,617
authoremergehealthier
permlinkemergehealthier-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t155556096z
categoryweedcash
json_metadata{"app":"partiko","client":"android"}
created2019-05-16 15:57:00
last_update2019-05-16 15:57:00
depth1
children3
net_rshares48,005,855,728
last_payout2019-05-23 15:57:00
cashout_time1969-12-31 23:59:59
total_payout_value0.019 SBD
curator_payout_value0.006 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length180
author_reputation10,154,689,924,330
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@sbi-booster ·
$0.13
Thanks for your support!

(Status call has a space between)
πŸ‘  , , , , , , ,
properties (23)
post_id74,858,381
authorsbi-booster
permlinkre-emergehealthier-emergehealthier-re-steembasicincome-smts-scot-tokenization-and-sbi-20190516t174921646z
categoryweedcash
json_metadata{"tags":["weedcash"],"app":"steemit\/0.1"}
created2019-05-16 17:49:21
last_update2019-05-16 17:49:21
depth2
children2
net_rshares236,425,806,337
last_payout2019-05-23 17:49:21
cashout_time1969-12-31 23:59:59
total_payout_value0.097 SBD
curator_payout_value0.028 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length59
author_reputation2,775,449,523,585
root_title"SMTs, SCOT, Tokenization, and SBI"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (8)
@emergehealthier ·
Thanks !sbi status

Posted using [Partiko Android](https://partiko.app/referral/emergehealthier)
properties (22)
post_id74,858,894
authoremergehealthier
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@yousafharoonkhan ·
sbi wow super
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@peekbit · (edited)
$0.26
πŸ€” When there are more and more SMTs handled on the Steem blockchain, will it have a positive effect for the value/price of STEEM or a more contra-productive effect because of more alternatives to the STEEM token?
I don't know so much about all the technical interactions  but maybe somebody has already figured it out 😊  Thank you...@peekbit
πŸ‘  ,
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vote details (2)
@ucukertz ·
$0.53
All those tokens has their transaction broadcasted on STEEM blockchain thus increasing the chain use and needs RC which increase the need to stake STEEM
πŸ‘  , , , ,
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vote details (5)
@peekbit ·
$0.23
Oh yes - of course... Thank you @ucukertz 😊 @peekbit
πŸ‘  
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vote details (1)
@sbi-booster ·
$0.12
That's the hope. 

SP has several core use-cases:
* Witness votes
* Reward pool distribution (up/down votes)
* RC creation

Liquid STEEM has potential to power up, but is also used as transactional currency for voting services, games, etc.

Actual nexus of supply/demand depends on the overall demand driven by all these use cases, relative to the supply (powering down, liquid rewards, etc.)

If SMTs are a moderate success and reward distribution schemes from SCOT and SMTs soak up the SP demand for influencing reward pool distribution, but there is not enough new account growth (driving up demand for base SP levels to support RC creation) then it's feasible that STEEM could actually go down instead of up.

If SMTs are a smashing success, then new account growth would drive up SP demand for RCs and the success should cause STEEM price to rise.

Reality is always more nuanced than we would like it to be.
πŸ‘  , , , , , , ,
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vote details (8)
@treeplanter ·
Thanks for your donation
<center>
<h3>You just planted 0.10 tree(s)!</h3>
Thanks to @fuadsm
<h3>We have planted already 
7777.08 trees
out of 1,000,000<h3>
Let\'s save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 21189.33
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku
![treeplantermessage_ok.png](https://steemitimages.com/DQmdeFhTevmcmLvubxMMDoYBoNSaz4ftt7PxktmLDmF2WGg/treeplantermessage_ok.png)
</center>
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@wonderwop ·
$0.03
I must have been in a coma the last 3 days, I'm such a slacker. 😺

Posted using [Partiko Android](https://partiko.app/referral/wonderwop)
πŸ‘  
properties (23)
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vote details (1)
@riverflows ·
$0.03
Yes, we are cautious for Natural Medicinetoo but still, really looking forward to see where it goes. 
πŸ‘  ,
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vote details (2)
@riverflows ·
!sbi status
properties (22)
post_id74,870,368
authorriverflows
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categoryweedcash
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@sbi8 ·
$0.04
Hi @riverflows!

* you have 63 units and 0 bonus units
* your rshares balance is 321134333710 or 0.168 $
* your next SBI upvote is predicted to be 0.034 $


Structure of your total SBI vote value:
* 82.52 % has come from your subscription level
* 0.00 % has come from your bonus units
* 7.99 % has come from upvoting rewards
* 9.49 % has come from new account bonus or extra value from pre-automation rewards
<br>
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
πŸ‘  , , , , , , , , ,
properties (23)
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authorsbi8
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vote details (10)
@arcange ·
Congratulations @steembasicincome!
Your post was mentioned in the [Steem Hit Parade](/hit-parade/@arcange/daily-hit-parade-20190516) in the following category:

* Upvotes - Ranked 7 with 1537 upvotes
properties (22)
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@mrmastercryptow ·
$0.03
Basic Income is a great idea .... the good work must be done
πŸ‘  
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vote details (1)
@drotto ·
<p>This post has received a 3.13 % upvote from @drotto thanks to: @sbi-booster.</p>
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