The first week of any tribe distribution is difficult. It requires a reasonable decentralized initial stake distribution and enough content that the reward pool gets spread out.
In the case of ProoOfBrain, only 9 people had stake and like 85% of it was one person and 12% a second person, and the other 7 had the rest. There is no scenario this would work out unless they carefully voted small percentages to many unique authors.
The situation here was completely avoidable and was negligence at an extremely fragile time of the distribution process.
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The initial distribution of POB lasts 4 years. Like Bitcoin, for the first 4 years, 50 tokens will be issued every 10 minutes. The difference is it's obviously not PoW, the only way tokens enter circulation is through PoB rewards to content creators and curators.
Initially only @proofofbrainio was issued one token and staked it to begin rewarding posts with POB. Now distribution is beginning to spread out with more curators after the first payouts.
I agree that the flaw/exploit was avoidable and caused by negligence at an extremely fragile time. this was my post about it - https://www.proofofbrain.io/hive-150329/@proofofbrainio/over-32k-pob-for-one-self-voted-comment
The way Bitcoin was distributed is such that, those that start early are going to gain the most at least through the issuance. Just as it was with Bitcoin. In the first years of Bitcoin people gave away bitcoin 10,000 at a time and sometimes in exchange for lunch. There wouldn't have been a Roger Ver and Trace Mayer if they all had to buy in at 50,000 a coin.
POB is still early
For the next four years people will be able to earn well by posting better than any other time at least in Proof of Brain tokens. The next two weeks will distribute the same amount of POB as the first two weeks. People are still early.
Remember themarkymark used to sell votes. So, if you think he is totally legitamite... I guess I'd be a damned fool if I don't do the same.
It doesn't matter to me what he did. You're not seriously considering selling POB votes are you?
No. I feel I am above that.
cool, glad to hear that. I think as long as we have a culture that doesn't like vote selling it will never be a problem, especially considering the downvote feature. And it looks like we're on the same page, so that's a good start.