Two of my Favorite Things on Steem

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It was a pretty eventful weekend for me, @mrsbozz is still feeling under the weather, so I spent a lot of my time taking care of her and the things around the house that we usually do together.

That kept me pretty distracted this weekend and though I don't tend to "Steem" on the weekends, I at least try to keep up to speed about what is happening.

Imagine my surprise late last night when saw my first story about Magic Dice and their apparent exit scheme. It makes me feel like a bit of a schmuck because I know a short time ago I was sharing my referral code with all of you.

Luckily, I didn't have a ton invested into the dapp like some people did and that brings me to the first one my favorite things on Steem:

Delegations

I had been earning MAGIC tokens on Magic Dice mainly because I had been delegating to them. As part of that agreement I got a specific amount of MAGIC tokens each day. The cool thing about delegations is you can always remove them or pull them back. It takes a little bit of time for the SP to show back up in your account, but it is always yours even if you have it delegated away.

After I read the first post about Magic Dice last night, I quickly went in and I removed my delegation from them. This is the second time something like this has happened to me and although it is annoying, it doesn't really bug me too much because I know I have literally lost nothing. Sure my delegated SP might have helped them pad their pockets before the exited, but for me, I am still whole. I have all of my SP back where it belongs and a bunch of worthless MAGIC tokens that I can't even access.

In the grand scheme of things, not totally horrible...

If you are being introduced to a new project or dapp on STEEM and you want to contribute somehow, please take a long hard look at delegating before you consider simply sending them STEEM or SBD. If they don't offer delegation as an option, you might want to simply pass.

Steem Basic Income

The second item on my favorite things list is @steembasicincome. This is a fantastic project that I think a lot of people either take for granted or pass by without giving it a second look. That is really a shame.

Steem Basic Income (SBI) allows you to be guaranteed upvotes on your posts for your entire lifetime on Steem. The more you donate and earn, the bigger upvote you get. My current goal is to get myself to 1000 SBI Shares.

The SBI program is actually mutually beneficial because for each share you donate on someone else's behalf, you get a share yourself. For example if I transfer 1 STEEM to @steembasicincome and I put @daan in the memo line, not only does he get one SBI share, but I do as well. Additionally, I can delegate to @steembasicincome (which I do) and earn even more shares.

With my current # of SBI Shares, I basically get a $.45 upvote on each of my posts when I post five times a week. Unless something catastrophic happens, that will never go away. If I leave for two months and don't post a thing and then come back with a quick Appics post, I will still get an upvote from SBI.

Personally, I think you are nuts if you are not taking advantage of every contest/challenge you see that offers SBI shares as prizes. Either that or you have a Orca/Whale in your back pocket.

Edit

I forgot to mention, that upvote I am guaranteed to goes up as the price of STEEM goes up. I got a $.66 upvote on this post from them with STEEM at ~$.39, Imagine what that would be if STEEM reaches $1!

Speaking of challenges:

I posted this last week and I have yet to receive a single official entry. Who doesn't love to talk about their favorite meal? It's basically like leaving money on the table people. Right now with the number of entries being zero, earning an SBI share is a given.