POB Journey 100,000 POB powered up

100,000 POB powered up

Two months ago, I powered up more Proof of Brain to have a powered up balance of 100,000 POB. It isn't the largest stake among the other whales but it's significant. Looking at the last seven days of curation and author rewards I see that over a week I earned 868 POB via my stake and posting.

This is 0.868% of my stake over the week. If I take this as a typical week, and always power up the amount I should have after a year is 100,000 POB × 1.00868⁵² = 156,740 POB. This is a return of 56% APR. I don't think this is just me, because your voting rewards and curation rewards are proportional to your stake. If there is a post reward in there then you can realize higher percentages if a far lower stake than mine.

Math note: Interest can be convereted to a multiply factor by adding 1 to the real proportion of the percentage. So from the beginning of week 1 to the end, you multiply 1.00868. Compound interest becomes a breeze because you just need to raise it to the power of the number of terms.

There are good reasons for selling POB, including market risk of the price of POB; other opportunities, systemic risk of Hive Engine or Hive itself. However, we have one more year left of the easiest rewards for POB. How are you going to use it? On average every ten minutes, 50 POB are issued. Sometime in 2024, this will be cut in half.

Right now the price of POB is stable between 0.02 and 0.023 Hive. I think it is better to be stable rather than go up and down like a rollercoaster. I sell at 0.023 and buy at 0.02. So you only lose 15% if you sell at my price. You can create a buy order at 0.02 and wait like I do, but when you're going to double your stake, should you really spend the time?

You can buy in start using Hive Vote to auto vote those who vote for good content and and still participate. After several years you will double or triple or quadruple your POB; sell into Hive at the end of 2028 in order to buy in to BTC, or HBD.

This is not financial advice, even though it looks like it.

🍀🍀🍀🍀🍀@leprechaun

Posted using Proof of Brain

Sort:

Trending

[-]

darkpob last year

I worry about pob, I was browsing the site the other day and it crashed.

Screenshot 2023-03-22 at 8.40.54 AM.png

0.00 VYB

surrealis last year

Are there other uses for POB except staking/speculation?

leprechaun last year

@proofofbrainio

0.01 VYB

1 vote

Thanks.

Proof of Brain is a reward scheme for authors in a currency which will eventually have a lower inflation rate than Hive and also the inflation rate emulates Bitcoin but of course the way it was in 2011, following the same schedule and will eventually get to 0 inflation. The more you have staked, the more you can decide how the new coins are distributed.

Thanks for the info. That does sound interesting. Is it a finished project, or are there any future development plans for it?

lookplz last year

Awesome! I've invested a slight bit into POB but will probably up that investment. POB seems like a great token to diversify in any portfolio as it has great potential that I believe will come to fruition in the long run. Great post and hopefully your stake grows even faster than projected! :P