I created the @buynburn coin to burn HE coins. I transfer my HBD and HIVE rewards to HIVE Engine. I then buy coins and burn them.
So, let's burn some #POB!
The #ProofOfBrain Tribe is one of my favorite #hive-engine tribes. The theory behind the tribe is that one mints coins by proving that they have a brain.
Today I will prove I have a brain by buying some POB on HIVE-Engine. Writing a post then burning 321 POB just for #FUN.
POB currently has a supply of 8,286,439 coins which trade at $0.00179 creating a reported market capitalization of $14,832.
Lets see. The minimum wage in the US is $7.25. Assuming a 2000 hour work year, the POB marcap is worth one minimum wage year.
I wonder how many hours people worked to earn their POB?
The POB Richlist shows a decent distribution of coins. The tribe's coin became a little bit top heavy during the market decline on HE.
The tribe suffered earlier this year with the loss of its primary domain. Others have stepped in with the domain proofofbrain.blog. Verify Your Brain is a fork of POB which discourages self-voting and other anti-brain activity. #VYB triggers on the POB keyword and supplements rewards with the VYB coin. VYB hosts the domain VYBrainium.com which I used regularly.
The Burn
The size of the burn is limited to the rewards I receive for my posts. One burns coins by transferring them to @null. Looking at my account history I see that I've done 3 POB burns so far.
- Today: 321
- 2024-03-17: 165
- 2024-01-26: 102
- 2024-01-06: 70
With today's burn, my total POB burn is 658. I will use the rewards from this post for future burns. If you want me to burn a particular coin; let me know in the comments.
The tribe has burned 34,129 coins to date.
BTW, I create the image with NightCafe for a previous burn.