The two tokens share the same tokenomics.
21,000,000 Max supply
50 coins minted every ten minutes for the first 4 years.
Then 25 coins every ten minutes, then 12.5...
You get the picture.
Miners verify transactions and maintain the ledger. In doing so, one lucky miner will receive the "block reward". This is how new Bitcoin are minted. Once we reach 21,000,000 BTC in existence, no more Bitcoin will be minted. Doing a quick search, the last Bitcoin will be mined sometime around 2140. That is a while away, but Satoshi Nakamoto had a plan to keep the project functional.
Without miners, BTC (at least in Satoshi's design) would not function. Mining is an integral part of the ecosystem. The newly minted Bitcoin are the incentive to mine. If you mine, you stand a chance to be rewarded. Most miners today join pools and share all of the block rewards, so miners are constantly earning dust amounts of BTC which add up over time.
Satoshi's solution to the block reward problem while keeping a finite amount of Bitcoin was a simple one. Bitcoin transactions also charge a small (or sometimes not so small) transaction fee which is applied to block rewards. So, once all 21,000,000 Bitcoin are minted, the miners will be incentivized to continue mining by transaction fees alone.
This is brilliant. Bitcoin started out humbly. It was worth nothing and had no transactions on the network. Mining was cheap and the rewards were also (at the time) cheap. As the network grew, the difficulty of mining went up, as did the amount of transactions and the price.
If we can extrapolate bitcoin's chart and predict it's future value, Bitcoin should be very VERY valuable in 2140. There should also be a lot of transactions in play. That being said, it is easy to see that miner's should be paid adequately simply off of the transaction fees. Bitcoin should be able to stand the test of time.
Everything.
Proof of Brain's inflation is copying Bitcoin's, and many POB-er's see this as a sure shot tribe due to the scarcity of the token moving forward. People are in a content creation frenzy trying to mint those early tokens to guarantee some stake in the platform moving forward. But what happens in 2155 when the last POB-token has been minted through content creation or curation?
People are incentivized to have a stake in POB to be able to grow other's stake whom they see deserving, while at the same time, growing their own stake. If I manage to keep coming up with pieces that curators continue to find interesting over the course of the year, and I end up with a nice 10,000 POB-power stake, I will have much more say in who get's rewarded on the platform while at the same time, guarantee myself some good curation rewards. Getting in early and often is a sure-shot way to grow your stake.
This is why everyone is staking POB and fighting on Hive-Engine to get their POB tokens. Having tokens now means that you will have more later. The future minted tokens is incentivized by more minted tokens in the future. This is WHY people are staking.
This is the million dollar question. When I pass on my POB stake to my kids, and then they pass it on to their kids... and then the last POB token is minted. The value is GONE! If everything stays the same, there would be no reason to hold POB as no new coins have been minted. The value of the token comes from the future tokens you could mint with stake today. Once there are no new POB tokens coming, was proof that someone's great great great great grandfather had a brain worth anything?
None of this will be around in 2155, stop worrying about this and stack your tokens.
If the above argument rubbed you the wrong way, good! I would love for this project to be thinking long, like Satoshi did for Bitcoin. This is something that @proofofbrainio has likely thought of and is certainly something that
@pob-fund can work on resolving.
There needs to be another layer to the token beyond staking for inflation rewards moving forward.
We have 80 years or so to get everything solid for the second use case of POB. This is just the first warning and the stimulus for discussion.
LEO is going to have a bridge and CUB which will keep it relevant, but it also does not have a MAX SUPPLY, so the staking for more future staking incentive will always be there. Hive is the same story. Stake Hive for more Hive in the future. It is always good to stake more.
POB does not have that luxury once we mint that 21,000,000th token. At that time it will be critical for my great-great-great-great grandchildren that we have a second layer implemented to this project to give POB value.
Here is the teaser. How do we make POB have more value beyond staking for more future stake incentives? Is there a sink that we can create? Is there an alliance we can create? Will these tokens just magically hold value after inflation is done?
I don't have the answer to these questions, but these questions are certainly relevant to the long term future of POB. Please think of my great-great-great-great grandchildren!!!
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