Have you ever gotten hyped up about a new platform launching only to finally go into it and you can't make sense of what to do. Instead it takes hours of researching, trial and error and all that other time consuming stuff. Only to find out by the time you did finally figure it out the hype had died off and you missed out on serious rewards?
Yep, I've been there many times. Early bird gets the worm type deal and it's why I try to educate myself as much as possible before something is released.
The system is simple to understand. There's no mining or staking it's 100% Proof of brain which means you need to remain active curating content, leaving valuable comments and producing good/high quality posts.
Think of it as the early days of Hive and what it would be like if you joined Hive on day one or even a month after launch but with a little twist. That twist being you have to be active in some way on the platform to earn more POB. There's no sitting back and collecting here which in it's simplicity is super powerful. It not only promotes engagement but it also produces value.
There are a few other unique aspects to POB (Proof of Brain) that you should be aware of. Every 4 years POB rewards will decrease by 50%. That means if you earned 100 POB on your post and the halving happens you'll now be earning just 50. The first reduction 3 years and 11 months from now is going to be the biggest reduction out of them all so expect a price jump like we often see with Bitcoin every halving that takes place there.
With the massive increase in price of POB as of late it also means the team has waken up and want's to start building the platform.
So far the only thing I know of fund wise is going to a new UI for the site. Which is ok but it's not really needed and it wont increase the price of POB.
If the UI gets updated I honestly feel it should just be the front page for new visitors. It would be a nice beautiful modern page that highlights what POB is, the project details and an easy to sign up system. The backend to me looks find and doesn't necessarily need a new UI.
I'd really like to see some unique features come out of this site but keeping it simple. I believe the simplicity of how the tribe works is golden and will hold it together. Adding complexity to it may crush it. I'd be curious to see what kind of ideas are on the table and how we as a community here on POB will raise those funds for those projects and how we can "vote" on what projects get those funds truly keeping the POB theme.
Agree with the 'keeping it simple' statement. The entire ecosystem is complicated enough. The front page though really needs a boost and explaining what POB stands for, the kind of community it loves to invite and what the vision is would make it more appealing to current users & newcomers.
Actually, you can stake POB and you must do so to earn curation.
You miss out the factor of a growing community. As the community grows, the rewards get spread thinner and thinner. So rather than getting 50 POB, you may get 2 POB for a similar post. It's going to get a lot harder to get POB in four years. The total reward rate given to everyone in aggregate (everyone's reward added up) will be 50% of what the reward rate is today (in sum of what everyone gets). At the beginning this is 50 POB every ten minutes. Four years from now this will be 25, but posting rewards will get harder quickly. Voting power is going down too. I remember when my vote was worth 77 POB and today it is half that. I don't want to be the one to complain on a full belly. It's an observation.
It’s a wicked platform and community with tonnesss of potential am excited too see where it goes
Yep, I'm curious if there is any plan for expansion. I hope so but I haven't seen anything yet outside of UI changes
This is true, but atleast they’ve got their distribution and rewards system down and sorted better than some of the others on here already!
Yep, that's what makes the platform so beautiful. It's honestly even better than hives setup lol The whole delegation system still bothers me though. Might be writing about that tomorrow as I'm curious to get others feedback.
I am going to wait for that news.
There have been talks about tag classification and curatorship but I still think further discussion is to come for this. The UI/UX is very much 'default-mode' right now and needs some work, but it's not taking away from the community-building aspect of the platform.
Over time I think we'll see more people stepping up and floating ideas out there for how the platform will evolve. I hope the goal for the platform is to make it widely accessible and successful on not only the HIVE blockchain, but also mainstream. There is an opportunity here to split away from some of the messy ways in which HIVE is handled.
@blockchainyouth
Lol..your choice of words got me confused....I mean when you said "wicked platform"....
Ahaha in the U.K. wicked can also mean very good 😂 always forget to say
It is like the "wickedsoul" my friend use that word as her username in noise. LOL
Ahaha yes it do be like that 😂
Yeah e.g "love is wicked"...lol..
indeed, it is a funny one sometimes 😂😂😂
I did not know about the reduction in reward size, but I should've figured since it is modeled after bitcoin. I really like the concept
as i am newbie in this platform so i am pretty sure i have still many thing to learn and especially about this pob coin and about it future development so i can invest some amount on it easily
I'm trying to figure out once the price is high and the supply is decreased who are the target customers to buy the token? Is it just hivians or is there a plan to onboard outside people. And if so, what would be the selling point? Those answers would compel me to start staking.
I don't understand alot of crypto stuff but this is cool and I like POB. I like proving we have a brain.....he feels like it defines me as sentient....