RE: Do Delegations Undermine The Entire POB Concept
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I actually wrote a post 4 weeks ago (Brainstorming How to Calm the “Proof of Brain Storm” (Part 2 -- Complex Version)) where I described in part my vision for a more 'pure' Proof of Brain system which involves both an exchangeable (i.e. fungible) token and a non-exchangeable token, wherein the non-exchangeable token would be the sole token upon which future author rewards would be based:
The non-exchangeable portion would be inextricably tied to the account that originally earned the token, would be automatically staked, and would be the sole token upon which future rewards (of both the fungible and non-exchangeable tokens) would be based.
I don't think I mentioned in that post that the token would be non-delegatable, but that quality is inherent to the intended function, namely that no one can 'purchase' curation influence. The only influence curators would have is the influence that they 'earned' by creating valuable content.
The net effect of this arrangement would be that no one would ever be able to ‘buy’ influence over the future distribution of either of the two tokens, because no one would be able ‘buy’ the voting tokens.
As such, my two-token solution would (I think) alleviate most of your concerns.
However, there may be some unintended consequences associated with such a system. I welcome constructive criticisms and comments in that regard.
The main criticism that I've received thus far is that no one would value the exchangeable token because it has no voting power, to which I've replied, "What about bitcoin? It has no voting power, yet people are assigning value to it." Ultimately, that question will only be answered by putting the option out there and seeing the extent to which people value it.
I still have plans to launch such a two-token system as a parallel experiment to POB. I am still working out the details and want to make sure that it is meaningful and productive and also that it does not harm the valuation of the POB token (which I clearly have a vested interest in). This is one of the projects I plan to focus on as soon as I wrap up my teaching responsibilities this semester.
I totally forgot that post was yours!
I think I may have been one of those "but what's the value" people but I feel like I am stepping back the other way now. The second transferable token would have value as it is so hard to aquire and does not self replicate (wrong word but hope you know what I mean) like the author token would.
It would be a really interesting concept to see run, hope to see it soon and please tag me if it does!
I like this! A two token system could be interesting with a lot of possibilities attached to it and variations. A two token system opens up a ranking type system where in the base token actually gives you vote value towards the exchangeable token based on certain factors. While token 1 can't be "exchanged" It's earned through true POB and holding more of it should mean you provide value to the community. Having a higher amount allows your vote to have more weight in the system that awards the exchangeable token 2. However you do and might run into the issue of well what's the use case of token 2.
All in all though it's already sparking some ideas and time for the drawling board. I'm eager and interested to see what you come up with and turn out. As I always say you never really know till you launch it out into the world. So theory while helpful means nothing till it's put to work. Really appreciate the feedback on this!