I understand what you mean, it's like killing two birds with one stone.
I have a concern though @scholaris, I think the vyb token is meant to compliment the Pob token but then what if the vyb ends up being more valued and people end up hodling less or no pob at all and end up focusing entirely on the vyb token, wouldn't that kill the Pob Community??..cuz it feels like the vyb is a safe haven away from the issues in the Pob Community...
Obviously we cannot control the value individuals place on specific tokens.
What we can do is be transparent about what we are doing and what we are planning to do, so folks can make informed decisions.
With respect to the relative value of VYB compared to POB, there will initially be less liquidity for VYB, due to the strong incentive for authors to keep it staked. Less liquidity doesn't necessarily mean higher or lower valuations, but it generally leads to more price volatility, i.e. greater price swings.
As such, I would not get overly concerned about the short-term price of VYB. VYB has been designed to be a long-term store of value.
With respect to the danger of folks 'dumping' POB in favor of VYB, the POB-for-VYB exchange should create a 'floor' for the value of POB. Right now, there are nearly 300,000 VYB that can be claimed using POB on a 1-for-1 basis.
That means, if someone believes VYB should be valued above $0.15, then they should be willing to create a BUY wall for POB at $0.15, then buy as much POB at that price as they can and immediately exchange it for VYB. Similarly, if they have liquid POB and the market rate for POB is at or below what they believe the value of VYB to be, then they should exchange that POB for VYB instead of selling the POB.
As always, none of this should be construed as any sort of financial advice.
Thanks for your reply @trostparadox
I understand what you just said. The fact that the owning the Pob can give a greater chance of owning more vyb would make people want to dive into owning Pob. It's a great plan, it'll surely add more value the the Pob token and surely increase it's popularity, the vyb has now given the Pob token a kind of use case.
I really appreciate then fact that you broke it down in simple terms for me..thank you
this issue should be iron out carefully because things can be interesting now but at the long run might bring up some issues.
what matters most is that the pioneer of pob should come out of being a ghost and follow up the project and also carry his community members along, give everyone reason to hold follow up with new projects.
activities going on in the community is very important and i can see that in VYB even before it launches
Sure, the vyb Community would be really nice looking at the front pioneers I'm already seeing a lot of improvement.
I'm sure things would be set in order, I have good faith @montpellier
A very good question. I don’t have a direct answer to that but I want to tag @trostparadox and @calumam to make them aware of it. There’s another meeting we three need to have next week and we can discuss it more in depth.
My initial response would be to work with POBio to bring up both communities similarly in development to provide similar services. Such an action may work to sustain the respective token value and perhaps allow for expansion on both ends at the same time.
The goal is to provide both environments to the community and not suppress one over another. I hope this answer helps you at this time, but follow up with me next week please and I’ll get back to you after our meeting.
Does that, at least for now, work for you?
Thanks @scholaris for trying to reply my question.
Working with POBio is a great idea and surely it'll be good to see both spaces work hand in hand.
I'll be sure to hear your more indepth response after the meeting, thanks a lot
i think this what happened to steem and hive if am not mistaken hive price is way higher than steem now and we know the reason.
hive is a stronger project than steem, vitalik buretin ( ethereum co - founder )is also following hive, if the vyb project is stronger there can be pulls to it and it will leave pob in a bad shape if care isn't taken.
i think we have to work on that