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RE: Burning the Evidence

in Proof of Brain4 years ago (edited)

holding the POB coin. That is, even if I don't vote at all, I benefit from the supply not growing so fast. You' re totally right about it not being "proof of brain."If my only goal is to maximize my percentage ownership of all POB, I should support burn posts, and tell everyone to send a percentage of their POB to @null but not do so myself. Burning shifts the reward in a sense from author rewards to a kind of staking reward, where large holders, like myself, get a benefit for the mere act of

It also means however a tiny amount of less rewards for posting, and curating (both in overall percentage and POB). Fortunately the difference is minimal.

I think it's been two months since POB was launched. This means the annual inflation rate should be 650% over the next twelve months. In other words, neglecting the burns, in a year from now the supply will be 7.5 times the size of what it is now.


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Interesting points.

I'll throw out a rough hypothetical then based on the current numbers this morning.
441,000 (Total supply today incl. burned) * 7.5 = 3,307,500
Current burn percentage = 0.25%
0.25% of 3,307,500 = 8268.75

As I mentioned in the post, I'm no mathematician. Can you see any other contributing factors which would decrease or increase the burn percentage from its current percentage of 0.25%?


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