This post will provide updates on some important issues related to the Verify Your Brain tribe and the VYB token. In particular, this post will address the following:
- Changes to the VYB rewards-pool smart-contract configuration (as of about 24 hours ago)
- Rewards-pool is now issuing VYB at the full rate (9 VYB every 2 minutes, which is 6,480 VYB per day)
- Voting window has been increased from 4 days to 8 days
- Proof of Brain’s official tribe tags have been added as VYB inclusionary tags
- Exclusionary tags have been added
- VYB Project Fund has been created and funded with 128,000 VYB
See below for details.
Recent Changes to the VYB Rewards-Pool Smart Contract Configuration
The Hive-Engine team has completed their review and deployment of the changes to the ‘comments’ contract (which we have been referring to as the ‘rewards-pool’ smart contract).
With those changes in place, we have updated the VYB rewards-pool configuration (which can be viewed here) with the following changes:
- Increased the rewards-pool rate from its previous 2/3 rate (6 VYB every 2 minutes) to its full rate (9 VYB every 2 minutes, which is 6,480 VYB per day). VYB will maintain this rate through February 2025, at which time it will be reduced by 50%, commensurate with POB’s 50% rate reduction (scheduled to occur on POB’s 4th birthday).
- Increased the voting window from 4 days to 8 days.
- The VYB admin team has chosen a slight departure from the Hive ecosystem’s standard 7-day voting window. In keeping with VYB’s ethos as a downvote-free zone, we want to give VYB stakeholders an opportunity to counter HIVE downvotes (even last-second DVs) with VYB upvotes. An extra day of VYB voting will allow for that.
- At some point in the future, if the price of VYB becomes high enough, the Verify Your Brain tribe could conceivably counter 100% of all HIVE malicious downvotes (with USD-equivalent in VYB upvotes).
- Added the following inclusionary tags (in addition to vyb & verifyyourbrain):
- pob
- proofofbrain
- hive-150329 (i.e. the Proof of Brain 'Hive community' tag)
- Added the following exclusionary tags:
- no-vyb, novyb
- these tags are for accountholders who want to self-vote and still want to post to the Proof of Brain tribe
- this is because self-voting is prohibited on Verify Your Brain (doing so will eventually result in post-level and/or account-level muting)
- whereas VYB tokens will be awarded to posts that use any of the Proof of Brain tags, the only way Hive accountholders can self-vote on Proof of Brain and not find themselves getting muted from Verify Your Brain is to include one of the Proof of Brain tags AND include either the #no-vyb or #novyb tag
- (the VYB anti-abuse team will implement a warning system before they commence muting posts and/or accounts due to self-voting)
- hive-193084 (i.e. posts made via D.Buzz)
- hive-193552 (i.e. posts made via Actifit)
- actifit
- no-vyb, novyb
- Added the following account as the ‘promoted post’ account: @vyb.fund
NOTE: At the present time, even though the Verify Your Brain tribe recognizes the Proof of Brain tribe's tags, the reverse is not true. As such, if you use ONLY a POB tag (and no VYB tag) you will earn both POB and VYB, but if you ONLY use a VYB tag (and no POB tag), you will earn VYB but not POB.
A Note about Exclusionary Tags
Exclusionary tags on VYB serve at least three purposes.
First and foremost, we have created the exclusionary tags #no-vyb and #novyb so that those who publish a post to the Proof of Brain tribe (i.e. via the official POB front-end, via the official POB Hive community, or using any of the official POB tags, which are #pob, #proofofbrain, and #hive-150329) and who also want to self-vote on that post, can do so (without fear of being muted from VYB). However, they won’t receive any VYB for those self-voted posts. As such, they will need to weigh the benefit of the self-vote with the potential loss of VYB upvotes.
Second, exclusionary tags are an effective way to pre-emptively guard against VYB rewards going to low-effort posts, by excluding tags that are commonly associated with low-effort posts. This is particularly important with VYB because VYB is a downvote-free zone. As such, guarding against upvote abuse will be admittedly more difficult. Pre-emptive measures will help keep VYB’s anti-abuse team from being overwhelmed with responding to such low-effort posts. At present, VYB is excluding Actifit and D.Buzz tags (which are also excluded by Proof of Brain and LeoFinance). The Hive-Engine ‘comments’ contract currently limits the number of exclusionary tags to five. After that limit is increased, additional low-effort tags may be added to the exclusionary tag list -- such actions will be guided by the VYB Stewardship Board (VSB).
Third, as discussed in a previous announcement, adding all other general-content-tribe tags (other than POB’s) to VYB’s exclusionary tag list will eventually be done. The purpose of that action will be to establish a competitive environment for layer-2 general-content tribes (which will hopefully limit the frequency of tag-spamming and also reduce the incentive to incessantly create general-content tribes that offer nothing ‘new’ other than a new token). However, community feedback has led the VYB admin team to conclude that this action should be postponed until a future date. As such, this feature will not be implemented until at least two separate thresholds have been met: [1] a clear definition is established with respect to what constitutes a general-content tribe and [2] an automated comment-bot is configured to clearly explain to folks who use multiple general-content-tribe tags why they are not receiving VYB rewards when they do so.
In addition, as some members of the community have pointed out, it may be prudent to establish a third threshold (i.e. wait until after VYB has itself become better established) before embarking on the bold move of requiring authors to choose one (and only one) general-content tribe to tag. In that regard, one approach could be to wait until the median post payout (in VYB + POB) is worth more (in USD) than the median post payout for all other general-content tribes. This and other options will be explored and discussed over the coming weeks and months.
VYB Project Fund
As mentioned in a previous post:
The official launch date for VYB (December 18, 2021), was chosen to coincide with the point in time wherein the total number of POB tokens ever issued would exactly equal the total number of VYB tokens being pre-issued (2,042,042). Those 2,042,042 VYB tokens were pre-issued as follows:
- 1,000,000 VYB to airdrop recipients
- 1,000,000 VYB available to be claimed via the POB-for-VYB claim procedure
- 42,042 VYB to be earned by participants in the various @vyb.earn contests
However, when the decision was made to slowly ramp-up the rewards-pool distribution rate (as described above), this resulted in fewer VYB tokens being issued each day, relative to the number of POB tokens being issued. As such, more POB tokens than VYB tokens have been issued to-date. That differential is currently in excess of 80,000 tokens.
As soon as the VYB rewards-pool distribution is adjusted to its ‘full’ rate (which will occur as soon as the exclusionary-tag capability is fully tested and enabled, as mentioned above), enough VYB tokens will be issued to @vyb.fund to make up for the differential between total POB tokens issued and total VYB tokens issued.
The dispensation of those tokens will be at the sole discretion of the VSB. A separate post will be made to more fully explain the VYB Project Fund and its proposal submission and ratification procedures.
In keeping with the above, 128,000 VYB tokens have been issued to the VYB Project Fund (@vyb.fund). A future post will detail the procedure by which VYB Project Fund proposals can be submitted and voted upon. The proposal procedure will be similar to the one used for the DHF (Decentralized Hive Fund). However, the VSB balloting process will be one vote per VSB member. We will start with a 2/3 threshold (i.e. 2/3 of all VSB members who vote on a given proposal must vote affirmative). However, if the VSB itself wants to reduce that threshold, they will be free to do so (i.e. if 2/3 of the VSB votes to reduce the threshold to 1/2, then the threshold will remain 1/2 until at least 1/2 the VSB votes to change it to something else).
The VYB admin team will provide guidance and input, and will oversee the VSB balloting process, which will be fully transparent, but anonymous. Decisions regarding approval of proposals and the disbursement of VYB Project Funds will be made exclusively by the VYB Stewardship Board (VSB).
This post best explains to me how vyb can still exist and prosper without the down vote.
One thing people who post in POB should clearly be aware of is:
Another important thing to be aware of is this announcement:
Rules are an interesting paradox. The more rules we add the more difficult it is to get anything done and in order to get anything done right we need rules. "low-effort" and "general-content" are not really the same thing. The implementing of some of these rules is dependent on the value of vyb and the vyb's value is dependent on the implementing of these rules.
Reminds me of Numbers 3:39-51
The total number of Levites counted at the Lord’s command by Moses and Aaron according to their clans, including every male a month old or more, was 22,000. The Lord said to Moses, “Count all the firstborn Israelite males who are a month old or more and make a list of their names. Take the Levites for me in place of all the firstborn of the Israelites, and the livestock of the Levites in place of all the firstborn of the livestock of the Israelites. I am the Lord.” So Moses counted all the firstborn of the Israelites, as the Lord commanded him. The total number of firstborn males a month old or more, listed by name, was 22,273. The Lord also said to Moses, “Take the Levites in place of all the firstborn of Israel, and the livestock of the Levites in place of their livestock. The Levites are to be mine. I am the Lord. To redeem the 273 firstborn Israelites who exceed the number of the Levites, collect five shekels for each one, according to the sanctuary shekel, which weighs twenty gerahs. Give the money for the redemption of the additional Israelites to Aaron and his sons.” So Moses collected the redemption money from those who exceeded the number redeemed by the Levites. From the firstborn of the Israelites he collected silver weighing 1,365 shekels,[d] according to the sanctuary shekel. Moses gave the redemption money to Aaron and his sons, as he was commanded by the word of the Lord.
This is revolutionizing governance. I've been wanting to have government 3.0 since before there was an internet and now it is happening.
Boss one thing I believe is that noting coming easy when it involves money quite me anywhere in the world, so to me I suggest that let keep calm and see way forward than to they fetch out the effect and effectiveness or an error of an individual.cryto today all started like this and WI time things whne back and stand. So when the rule and regulations is statetd then who did not fill will be dealt with.
You got it
It is much better to have these rules before any problem or discrepancy arises.
NOTE: At the present time, even though the Verify Your Brain tribe recognizes the Proof of Brain tribe's tags, the reverse is not true. As such, if you use ONLY a POB tag (and no VYB tag) you will earn both POB and VYB, but if you ONLY use a VYB tag (and no POB tag), you will earn VYB but not POB.
Any reason why POB has not supported vyb yet?
Quite honestly, we just haven't yet made the request. Whereas we were not including the POB tags during our testing phase, it didn't seem appropriate to ask at that time.
Makes sense was more curious if pob was resistant
Good to know...that's one less tag I have to use, but still get the rewards! I like it! no...I !LUV it. I'd even throw some !Pizza in the ring for some edible yumminess...
@bobthebuilder2(1/1) gave you LUV.
H-E tools | connect | <><
I gotta say that I'm a fan of the self-voting ban. I don't get why Hive even allows it, as the monetary aspect is so clearly misaligned with what a self-vote would normally be intended for.
!1UP
The problem with trying to ban self-voting on Layer 1 is that folks can easily form alt accounts and 'self vote' from those.
That danger still persists with VYB. However, if someone is daring enough to self-vote on VYB using one or more alt accounts, they risk a permanent tribe-wide mute once they are discovered -- and they will eventually be discovered, because we will be developing circle-voting metrics and those will no doubt help uncover alt-based self-voting activities.
But if you delegate to a curator account and it vote on your post you are effectively self-voting right?
So a way to nullify the power delegated to the curator when voting on the person lending the power would be needed to truly ban self voting
Good point. This definitely deserves further exploration and discussion.
Excellent. These are very good improvements. Well done gang.
Great. I think, this will also cover the issue mentioned or felt by onealpha.
Interesting info — thanks for providing it
You have received a 1UP from @entrepidus!
@pob-curator, @vyb-curator, @bee-curatorAnd look, they brought !PIZZA 🍕
Delegate your tribe tokens to our Cartel curation accounts and earn daily rewards. Join the family on Discord.
Hello, i think here will be the best place to ask seeing how there isn't a direct message system.
Recently I got downvoted by a big name from the vyb community, I asked the reason for that so if it was a mistake on my part I could fix it and avoid the same problem in the future. But received no answers
This killed my post and I think it was truly unjustified. Is there any way to contest the downvote?
Oh noooooooooooo i didnt know 🙁
I thought it was allowed to selfvote ...
I like the way you guys are openly discussing all this stuff, and adjusting things as you go.
Me too.