To POB, or not to POB -- That is the Question?

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So I'm probably not the only one with an impressive stack of liquid laying around to fomo into the next Hive build with the same consensus on POB.

Should we? Or is this something I should give a miss? Largely, I'm looking to see what you guys tell me.

Proof Of Brain had an impressive start. Releasing with absolutely zero tokens on the table, no airdrops, no buy walls, nothing. The idea was to let the community decide on where the coin price would lay at. It's a vision I too had shared at the launch of CineTV, alas, I couldn't have dropped a new tribe without paying homage to those that made everything possible. My BRO's, and the Leo crowd. Without them then none of what I have created would have been possible. So they received drops.

Little is known about the elusive POB. An entity that sits on their discord server and tries to interact with it as little as they can. Overseer's are appointed to maintain the chat and the boundaries within it. The main POB person is a somewhat unknown.

For a lot of people this is a red flag. I have introduced friends into cryptocurrency that have near drove themselves insane by working with others that prefer to maintain their anonymity. The not knowing who they are working with can be (for them) sometimes too great a risk.

I'm not so deterred, though. Most of the upper-echelons of The Man Cave are people that we haven't seen before, or even know who they are.

Take @trumpman for example. Quite the character isn't he? But for all we know he could be a frail computer nerd sitting in his mum's basement shut away from sunlight. He's just an avatar and someone that likes to write. The banter could just be a façade. A replacement for his inability to get a woman in real life. But we can only speculate.

But that doesn't mean I wouldn't buy something that @trumpman created. If he created something I could bet that most of us would be wanting in on whatever it was. Because he's been around long enough to understand the market and the trends that govern them.

So risking my investment with someone unknown isn't that big a deal. As long as there's a proven success record and a willingness to trudge through the difficult times, which I think most hiveans at this moment in time could wear that badge.

Then there's the drama. Oh my god the drama. But let's be real here, there is no smoke without fire and drama on hive is a frequent occurrence. The most recent drama being that POBs rewards were only going to a few accounts -- or at least that's what I read! Don't shoot me for not understanding.

For me drama is a pathway to a solution. So I'm always happy if there's drama. Drama is kind of a good thing. If there's no drama then nothing is really being figured out. Lots of people arguing and waving their battle axes at each other to me means that stuff is happening. It would be worrying if it wasn't.

No, most of my worries come from the value in POB. If I buy it and the few whales that are left stop buying it then what does it have left to offer me? Where is the true value in POB? Please let me explain:

With BRO, someone can dump all of their coins and take the price down to 0.00000001 if they wished. Now, if you saw that, would you buy BRO because it was so cheap? Or would you just be inclined to search else where? My port of thinking is that whenever you hold BRO -- the value it gives you for holding at least 1 coin will be the equivalent to or much more than the value on the market. Even if you hate the coin and what it stands for I bet you'd be willing to buy some quickly and turn it around for a profit.

So, now my question to you is if POB dropped to 0.00000001 -- would you buy it? Personally? At that price I probably would because there's a lot of attention on that coin right now. I was actually going to buy some myself before it rocketed to 2 Hive and then I decided I was probably too late. The question is, is would you buy them at these prices now?

Well, you know, I'm unsure. There's a lot of Fomo around the POB tribe. I've talked to a few whales over the last few weeks and they were telling me that they've heard a lot about this tribe. But no-one seems to know what's happening outside of the original design. Just releasing it from scratch and seeing what happens from there.

Now, don't get me wrong. I can see why it's happened like this. What was initially a fun experiment has now turned into a pretty serious endeavour, and I'm thinking it's not what the creator had originally planned, and if they did, this price and this amount of users perhaps weren't in the plans until years down the line.

But like I say with everyone, "It is what it is" - and if it's turned into a pretty serious project then you have to start treating it like one. Which, I have no doubt in my mind this is something that they will be working towards -- especially with all the community pressure now.

Should I buy? I'm still unsure. My buying indicators usually heavily weight on the community and the development that's happening.

What do you think guys? Am I missing anything? Wanna tell me more? Give me a blast in the comments.

Posted Using LeoFinance Beta



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(Edited)

I wonder how many controls the keys to POB? I’d rather just increase the hive, leo, cubs, LBI or cub life. Something like that. (I have not done a deep dive on POB btw)

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I have seen this argued relentlessly on their discord. I think it's to do with his anonymity, however I'm ok with that. Coins were 2 Hive at one point and the market didn't dump :)

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I've been earning POB from a few posts, but not actively buying it. I'd like to see what is in their plans for the future before I do any big moves, but I like going there from time to time. Like Leo, they also have an active community, which is always nice

Posted Using LeoFinance Beta

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I'm new to the Hive and POB, as in Jun-21 new lol. I am enjoying my time writing in Proofofbrain. Great community with a bit of drama scattered around for good measure. But isn't there a bit of that everywhere these days? Focus on what feeds your soul and provides avenues of growth and experience for you personally. There are some really great community members over in Proofof brain who are focussed on supporting each other, learning from each other and promoting good community values. If POB tokens increase in value as a result then that is a wonderful testament to what the community is all about.


Posted via proofofbrain.io

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I agree with this. One thing hive and its subsidiaries have going for them is community spirit!

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POB is like a "pure" version of something; and now it's trying to see what happens in the real world. Regardless of what you might try, theoretical models — in this case, "Proof of Brain" as a blockchain driver, stripped to its bare bones — tend to look great in the vacuum of intellectual think tanks, but gradually fall apart when exposed to the functional interaction with a world filled with irrational, greedy, selfish and psychotic people.

So POB looks really cool — on paper — but I find myself wondering what will happen after prolonged exposure to unchecked "let me exploit this" forces. For the moment, I have written several posts for the community and been quite well rewarded, so the alleged intention of distributing tokens to content that adds value is holding true.

At this moment? I might regret it, but in this post HF25 world of Hive, I'm more inclined to buy the "base" token than a tribal token, if we're talking about spending actual cash here.

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I like that they tried it. Trying stuff is a quick way to see if it works or not. But I think you're right. Far too early to tell.

I did the same experiment with Marxism. Set up The Man Cave 3 years ago and paid everyone the same. Safe to say that it burned down in flames. Idea was great, equality across the board! Implementation could have been rather brutal if I started to get angry at why the equality started to fall apart at how people utilised their time/spent their money.

But alas, you live, you learn. Cave is wildly successful now :)

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There is lots of potential with this tribe. Lots. Will it be actualized? It is too early for us to know. Is it going down right now? Yes. Would I buy right now? No. I will be waiting for a bottom or what I think is a bottom. The distribution is really crazy right now... there are lots of POB's to be had, hence the downward pressure. IF... I say IF, the community grows and figures a few things out, it will be a great investment. If it falls apart... not so much. The community seems to fight it out pretty good to etsablish and uphold standards and it is a pretty strong community... with weak hands. Buy their shit at your own risk... it might make you rich. I am holding tight and staking almost everything (and playing the market with the rest).

I think long term I would rather take the small risk and be a big fish in a thriving pond than miss out on that opportunity. If it falls to pieces, such is life. That is me. I won't tell you what to do.


Posted via proofofbrain.io

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I actually did this with Cine. I didn't want too much downward pressure on the rewards. I wanted a fair balance.

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I didn't pay much attention to POB at first, but I sure heard a lot of people loving it and obviously the price was great.

Even though, I've been focused on Leo, I was really excited to see so many people feeling like they were winning in a great little community.

I also love how they launched with only reward distribution and buying stake as an entry point. Brilliant.

When the drama broke out I was sad to see it even though I haven't been a part of the community.

I bought some POB when I saw them defend the autonomy of the Tribe and I sold it when they unmuted someone to come in and pick on their community.

I don't know what you should do, but it was said to see that Layer 2 is going to carry all the same issues as Hive.

Let us know what you decide and how it goes!

Posted Using LeoFinance Beta

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I bought a load of Leo instead. A bit too early to tell. A lot of the comments here mirror my thoughts too :)

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I haven't been buying but I have been staking most of my rewards from it. As the price started to drop an the whole drama you speak of came about I have started powering up half and then selling the other half. I think what bugs me more about the drama was the response to it versus the actual message. I think some understanding could have been used instead of the toxic defensiveness that I saw in some posts. That speaks volumes to me.

Posted Using LeoFinance Beta

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Very true. Drama is rooted in insecurity - all people want to do is be heard. Unless they are trying to troll, and I didn't see any trolling.

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Bro has an actual usecase, and revenue flows...

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