Must've said that wrong, I mean it's been generally acceptable that the daily @poshtoken posts get rewarded with upvotes, there haven't been people downvoting them or bringing them up as an issue as they understand this is how we partly fund the project and give the token value which in and of itself brings value to Hive. Since there's no one unfairly getting value this way due to the project not having had a pre-mine or allocation I've personally felt this to be an okay way to fund it and help the token price which in turn continues to incentivize people to grow their twitter reach when sharing Hive links, etc.
There are certain tokens that have been burned, these exist in the @null account, however tokens we've bought back exist on the @poshtoken.wallet account. These have been bought with Hive from post rewards and curation (delegation) rewards.
Yes only the @poshtoken posts and its curation rewards, although in the near future we may change how/what we upvote with the account.
So outgoing Hive streams are:
- developers hours
- server and bot maintenance
- poshtoken buyback (@poshtoken.wallet)
Incoming:
- post rewards
- curation rewards
and as I said, if it were any other automated posts getting post rewards I'd usually be against it and downvote it myself but given the nature of POSH I think this funding has been crucial to maintain and grow the price of POSH which in return incentivizes more people to join and later potentially even bigger influencers when they realize they can earn some crypto for sharing good Hive posts on their web2, potentially even create an account themselves to share their own posts.
So over time, the more people have registered and started using POSH, the less tokens each and every person has been able to earn and the less have been burned, we do monthly stats of this as well which dalz provides.
Since we're closing in on the supply cap and there's yet to be a more "web2 income stream" such as adrevenue I believe that starting to slowly over time decrease issuance would have the desired effect of increasing the price of the token due to scarcity and at the same time more and more people joining and competing against it. Same goes for GOSH but that one just started out and is still in the infancy stage of issuance, but we thought to keep the tokenomics same for that one as well since we're yet to build proper sinks, utilities and usecases for POSH&GOSH to instead keep token issuance constant and hope demand comes from the sheer amount of users participating.
So yeah, I'm no expert in tokenomics but if say in a year or two no new tokens are being issued and the only ones being distributed are those who we buy back (hopefully not just from straining the post and curation reward pool by then) it should positively affect the token's value even if nothing new has been added as to what to do with it or growing the posh&gosh ecosystem.
RE: More detailed info on #posh and #gosh