My few questions I wants to ask about pob;
**My question is how will there be pob reward if the pob being rewarded is up to 21 million **
I have been thinking of this for long time, I I've been in this community over 3 weeks now and I am been worried about pob reward and the total supply
How will there be continuations of voting if the pob being voted up to 21 million because with my research, pob to the supply is 21 million.
Or can post total supply be more than 21 million?or is pob still mineable or just limited to 21 million total supply?
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This is a great question. I can not answer this.
Bitcoin miners have transaction fees, which is growing, and replacing decreasing Bitcoin new block reward.
What will replace the decreasing new POB printing?
Maybe I'm missing smth, and must tho think about this longer.
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I am just thinking about it because if the pob voting reward reach it's total supply,am thinking of how they will keep rewarding and hoping it won't affect this platform.
pob is a token which is also tradable, i think so far people are trading it, it can't run into its total supply. some people will also covert it to hive or other token under the hive blockchain.
and once it is converted to hive or other token i think it will be returned back to the circulating supply, and the value of a token or a coin is determined by the circulating supply and the market capacity.
At this time we all ( authors and curators) act as Bitcoin miners. New, created POB tokens are distributed among us ( miners) in this curation+upvoting process. What will incentivize curation after say 8 years, when POB rewards pool will shrink 2x2=4 times?
Seems we need smth like Bitcoin transaction fee, a fee in POB ecosystem.
There is no such thing as free lunch.
Any ideas?
hmm yes i think you are very right, there should be a service fee charged to transactions, it can even serve as liquidity for pob so as to raise the price.
@onealfa with my research bitcoin cannot mine more than 21 million because that the total supply. But what I thought before was that Bitcoin is mined and will be added to the total supply but I don't know that circulating supply different from total supply.
So this means pob has not reached his total supply of 21 million also but after all the pub rewards reach 21 million they won't be probably pob reward anymore because it won't be mined
But as you said I think the best way for pob to continue the reward is by having a transaction fee so it will be more easy even after reaching its maximum total supply to still continue rewarding