We recently saw this inquiry on Leo Snaps:
https://peakd.com/@senorcoconut/re-senorcoconut-ps3nqmxa
For those using a translation software:
How possible would it be to create a sort of Hive Basic Income type thing but for Leo on our threads??? With an obvious limit to how many threads get the payout per account.
Hive SBI Response
Our entire software stack is open source, so it could be spun up by anybody for threads, with some modifications to narrow it to that app/community.
Our preferred alternative - anybody could contribute a pull request with the requisite changes. Hive SBI already has a small amount of LEO on @sbi-tokens and would review and approve pull requests that accurately enable users to delegate LEO to @sbi-tokens for bonus Hive SBI units. Hive SBI would also commit a fair value of bonus units to developers that contribute to our project.
The real implications are around the economic implications of automated comment voting. Threads and Snaps are considered by some to be lower effort than full-form posts, and in the past automated voting on comments and short-form content has been problematic. This is easily mitigated for a particular community if the pull request above includes the following features:
- An oracle that calculates the HIVE value of LEO votes.
- The capability to upvote LEO threads with @sbi-tokens only instead of primary SBI accounts.
- The capability to check threads for the voted value and remove it from member's accumulated balance.
At present Hive SBI members get their LEO and other token votes as tiny 'bonuses' that are relatively immaterial compared to their regular upvote value, since less than 1% of program assets are in tokens. The value of these token votes is not removed from member pending balances. The listed changes would enable members to receive pending balance specifically from their Threads contribution, while drawing minimally from the Hive Rewards pool (enabling Threads to decline Hive Rewards payment and earn exclusively from LEO votes). This would reduce the likelihood of downvotes from the broader Hive community, but does not preclude the possibility of downvotes originating within the LEO community when content is considered not good enough to merit the automated votes received.
The above-mentioned changes would enable members to take value directly in Threads instead of long-form content. If implemented, Hive SBI would commit to ramping up their current staking pattern for LEO (and once implemented for LEO, similar could easily be implemented for other communities.)
While these capabilities are officially on the Hive SBI roadmap, there is not currently an active full time developer in the Hive SBI project. Development has usually been done by community members willing to work for bonus units and then get paid over time via their upvote value. If any developer would like to tackle the project, we're happy to get into more detail either in formal proposals on github or in the Hive SBI discord. We do think it would be easier to deploy code updates to the existing Hive SBI stack than it would be to fork the project and start from scratch.
You can learn more about Hive SBI on our website.
Would be cool, but carefully designed so it wont be abused I guess :)
yeah that was my point when I said it would have a limit per account and per number of threads one can benefit from daily
Wow great!!! So in theory it's possible. I will have to read the post a couple more times to understand some of the mechanics you were talking about.
Having this applying for Snaps would be awesome aswell, even though it would just be Hive and not Leo.
But again with limits and I can see how people see short form as not effort :)
If we implemented as above, it would be for LEO and not for HIVE (voting only with @sbi-tokens account to reward LEO, then checking what was rewarded and removing that value from member pending balances). That's the only way we would do automated voting on Threads or Snaps.
We have an alternate plan (although no reason both couldn't be implemented) that would let members spend their pending balance curating others, and it would support comments as well as posts (since all votes would be manually curated by the account that is spending its own pending balance).
For an example of how it might work
!sbi status
You can see in the response that I have a ridiculous pending balance because I almost never post. I could include a control phrase in my response.
!sbi curate
The Hive SBI bot could see the control phrase, check against my pending balance, and then deliver an upvote on your comment. A comment size vote default at maybe five cents, or standard 1/3 of pending balance for members with smaller pending balances, still at a minimum of 0.021 cents so it doesn't dust.
There are a few pieces that would need implemented for it to work, but it's a smaller project than the one in the post.
We would also commit bonus units to development of this project.
I love the idea. But people would just curate their 2nd or 3rd account, properly x)
That is a risk. We have a separate roadmap for a DAO with manually curated votes based on staking Hive SBI units into the DAO for supporting others instead of yourself. Those votes would be stake-apportioned and you can drop a token downvote to oppose content getting the votes and block people from self-voting their alts.
Lots more moving pieces, and some of it requires the bits already documented above. Better to start with individual smaller projects and then build the individual pieces into the long-term vision.
Hi @josephsavage!
Have you seen our website?
It's a great resource to check your Hive SBI levels, along with your history of who has sponsored you and what upvotes we have provided you!
seems cool. great work, keep building :3
!sbi status
Hi @senorcoconut!
Have you seen our website?
It's a great resource to check your Hive SBI levels, along with your history of who has sponsored you and what upvotes we have provided you!
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