Do you prefer exchanging vyb token directly to hive and pob or to pob only
Honestly I didn't want to see this as a debate right now,but all I think I will love to say is that when it comes to exchanging vyb,it should be to POB.
Vyb was created as a help support to boost the pin token in the market and it will be better that it is solely see as subsidiary to POB token alone so as to increase the market value of POB token.
Exchanging vyb to hive directly will look like another failed project coming up again and it won't have any good effect on the price and value of POB token in the market.
I prefer that the vyb token should be see as POB token exchange alone,this will enhance the value of POB the more too
firstborn and @vikbuddy, exchanging VYB for Hive already happened in some cases. Don't look at it as a failed project. People will do what they do and there's nothing that can be done about it. I won't mention names, because that is irrelevant. The opportunity was there and they took it. It came as no surprise to us.
Once the policies are set and the official launch occurs, the current price of VYB may lower naturally once the token is available for sales. Platform development, community updates, and engagement will stabilize the price.
I'm fortunate to be in a more influential position in this new community. The lack of communication everyone complained about in POB will not exist in VYB. @Calumam is working on his end for tribe curation and I'm working on my end in the moderation area.
I had my first tribe meeting on Zoom with @trostparadox and @calumam earlier this week. I have to write that it was an amazing experience just to work out alignment in our policy development. I had a very good feeling leaving that meeting.
It's good to hear how well you're all working. I trust it's going to be a great project, my fingers are crossed , I can't wait to see everything kick off.
Keep up the good work @scholaris
What's good to know is that policies in VYB can have an affect on POB. If things work out it may be possible to ensure changes on one end get transferred to changes on another end. Thanks for the compliment.
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
Good to hear this, the team is already into action wow. I am eagerly waiting for next VYB Updates. 😊
I just completed my moderation policy and sent it for review. We have another meeting next week and I think I'll have authorization to publish then unless I have corrections to make. We also intend on having an AMA during the week of either the 6th or the 12th of December before the official launch. We haven't decided on a date yet.
Can I join the meeting or the meeting is for the core teams?
I wish I can be part of the great meeting with @troatparadox,you and @calumam
Yes. We've talked about this possibility. I would expect this to become a reality after the official launch of the tribe. Currently, I don't know the best time to start this process. I'll have to talk to the other guys about the "when" of open meetings.
Vyb has laid a great foundation to its Community and learnt from proof of brain.