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RE: 17th of February ; Stax delegation based community upvote bot and quality content curator

in #stax7 years ago

In the next 3 days I will be buying over 2000 units on @steembasicincome, and sponsoring @silvergoldbotty for all of them. This should give both me and @silvergoldbotty about 1.5% control each. I am also undelegated all my SP from all other bots and will be dedicating over 600SP soon to @silvergoldbotty.

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This should give both me and @silvergoldbotty about 1.5% control each.

We definitely appreciate the vote of confidence, but this phrase implies that SBI units represent some kind of equity (since equity denotes some level of ownership/control).

In truth, SBI units represent a subscription level to the upvote service. They are not equity and do not give any 'control'. It would still be great for you to increase your membership to that level, but I would hate for it to be inspired by a misunderstanding of what you are getting.

If it actually was an equity stake instead of an upvote subscription service, that would make SBI an unregistered security (a status that would be very bad for everyone involved).

Yeah that's what I meant but I guess I used the wrong wordage

That's very generous, Thank you very much, glad you support our service and community so much.