RE: Impact of Delegation recall on the Richlist

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I believe this move seeks to increase the HivePower of the @proofofbrainio account.

In Discord he mentioned that he would withdraw the delegations, both the welcome ones (I had 1,000 POB coming from it) and the ones that went through the HivePower delegation in a 1:1 ratio (I had 1,368 POB coming from it).

His idea now is to make a 3:1 ratio, that is, for every 3 HivePower delegated, it will return 1 PobPower, so the 2,368 PobPower delegation I had will now be 456 PobPower.

Priority will be given to those who were already delegating, and the remainder will be available for new users to delegate and receive.

In my view this will have positive and negative impacts depending on how the community acts.

For the small ones it won't make much difference, as they don't have POB, nor HIVE, but the big ones from HIVE now have an opportunity to grow a little faster around here without having to rock the market by consuming orders.

The positive impact I hope is that with this more people come here, the token is more valued and the price rises (I believe it can go back to the 2.0 POB/HIVE quotation level, which would be interesting. There is no basis for that. I'm talking, just guessing on my part.

Now we just have to wait and see what happens.


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This is really helpful, I am sure @proofofbrainio makes some announcement about these re-call of the delegations soon. I am sure there would be some merit system involved in providing the delegations based on the contribution of the accounts towards the platform. This action has however, restructured the rich-lists and the announcement coming from the community account would have even more impact on the rich-lists too.


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Current price of Hive to POB is just 1.82, which means ideally for every 1.82 Hive Power, 1 POB power should be returned. Does it indirectly mean the prices of the token are going to touch 3 in some time before the exchange of hive power will start? That's quite interesting to know.


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