New Tribe & Token: Verify Your Brain || vybrainium (VYB)
Announcing the Verify Your Brain tribe and its token, VYB (vybrainium)
This post is meant to serve as the initial White Paper for a new Hive-Engine tribe and token operating on the Hive blockchain. The new tribe is Verify Your Brain and its tokens are VYB (vybrainium) and VYBM (vybrainium miner).
VYB and Verify Your Brain have been designed to complement POB and the Proof of Brain tribe, as a sort of ‘parallel universe’ (or maybe, a 'universe inside a universe', or a metaverse, or an anti-metaverse, or a meta-metaverse, or a meta-anti-metaverse, 😁 ...).
Verify Your Brain -- Complete Freedom from Downvotes and Self-Votes
Whereas all Hive posts are recorded on the Hive blockchain, along with upvotes and downvotes, posts made to Verify Your Brain can still, technically, be downvoted. However, the Verify Your Brain tribe will be configured such that downvotes will have zero influence over the tribe and its token (VYB).
Downvotes will not be necessary because all enforcement of the tribe’s community standards will be handled using Hive-Engine’s tribe-wide ‘mute’ function. An anti-plagiarism / anti-abuse team will be put in charge of the tribe-wide ‘mute’ capability. Any violations of the tribe’s community standards will be met with either a warning of a potential future mute, a temporary mute, or a permanent mute. Any such actions will be explained, and an appeals process will be implemented.
Feedback is requested regarding development of the tribe’s community standards (see below for details). One of those community standards will be an outright prohibition against self-voting -- including self-voting by ‘alt accounts’. Circle-voting will also be closely monitored, and some form of community enforcement protocol will be implemented to mitigate circle voting and other forms of upvote-abuse.
Verify Your Brain -- Visionary, not Reactionary, but Timely Nonetheless
Although the genesis idea for Verify Your Brain and VYB took root about nine months ago, it seems this announcement is quite timely.
@dreemsteem published a post a few days ago lamenting the divided and sometimes negative energy on Hive that has led to high-quality authors leaving Hive or preparing to leave. We are including snippets from that post immediately below, with several of the ensuing comments dispersed throughout this current post.
We believe Verify Your Brain represents a potential solution to much of the divided energy and heated disagreements on Hive that seem to be reaching a crescendo of late. Although Verify Your Brain does not purport to solve all of Hive's problems, it represents a robust Layer 2 solution to problems that perhaps eventually need to be addressed on Layer 1, but for now need to be met with experimentation, and experimentation is best done on Layer 2 (e.g. via Hive-Engine tribes and tokens).
The beauty of Layer 2 is that folks who are passionate about a given ethos can be free and vocal, and those who disagree with that ethos can do the same -- but each respective 'worldview' can be relegated to discourse (or disinterest) rather than detriment and destruction. If you disagree with the way a Layer 2 tribe is being managed, you are free to stop engaging with that tribe and focus on another Layer 2 tribe, or even create your own.
We have recognized the need for a better way to handle plagiarism and abuse -- without the need for downvotes -- and we aim to see the extent to which that 'worldview' is widespread within the current Hive community and whether or not it might lead to growth via new users.
Here are some relevant snippets from @dreemsteem's post:
Regarding that second-to-last bullet point, creating, launching, and managing Verify Your Brain and VYB (and all the exciting things we have in store for both) is our answer.
We sincerely hope that you will either join us or be inspired to create and buidl something of your own -- something that will ignite both (y)our passions and the passions of others!
Verify Your Brain -- Where Whale Accounts become “Just Like the Rest of Us” (in Terms of Their Power to Spread Negative Energy)
When Superman comes into contact with Kryptonite, he loses his superhuman powers and becomes ‘just a normal guy’.
Similarly, when Hive whale accounts come into contact with Vybrainium, they lose their superhuman ability to spread negative energy (and, FWIW, Vybrainium whales can never obtain that ability).
Although whale accounts will always have exceptional influence within a tribe or community (by virtue of their more powerful upvotes), Verify Your Brain‘s freedom from downvotes means whale accounts will be unable to use their stake as a weapon against other tribe members -- positive energy, engaging discourse, 'walk away' indifference, or a petition for review by the anti-abuse team (in light of the community standards) represent a whale's only possible responses.
In addition, Verify Your Brain‘s freedom from self-voting likewise reduces the ability of whales to abuse the rewards pool.
We view Vybrainium as Hive's heretofore-hidden Kryptonite against abusive behaviors, removing any would-be superhuman negative energy from your midst (if you choose to dwell among us). Folks who disagree with your posts, or with the level of rewards earned by any of your posts, will be relegated to responding one of three ways --  engage via thoughtful dialogue,  ignore and walk away, or  request a review of your post(s) by the anti-abuse team, in light of the community standards.
If you are psychologically tied to using downvotes or self-votes, then Verify Your Brain is not the place for you.
Verify Your Brain -- Boosting POB while Giving POB’ers a Voice (for Freedom from Subjective Downvotes on Proof of Brain)
Claiming VYB Tokens will Likely Boost the Market Value of POB
This is, of course, merely opinion and conjecture, and not financial advice.
As mentioned above, Verify Your Brain is being birthed to complement the Proof of Brain tribe. One of the ways we’re doing that is by intentionally funneling any initial demand for VYB tokens through the open market for POB, an activity that we expect will (at least temporarily) boost the market value of POB.
Between now and the launch of the VYB rewards pool (on or around 12/18/2021), there will only be three ways to acquire VYB tokens:
- Via the upcoming VYB airdrop (scheduled to occur on or about 12/15/2021) (see below for details about the airdrop).
- By claiming VYB with POB (see below for details about how to claim VYB using POB).
- By participating in one of our VYB-sponsored contests (such as ditching that fifth glyph via Proof of Blind -- see below for details).
This means that, if you want to hodl VYB and stack it while it’s cheap (the claim-exchange ratio starts out at 4 VYB for every 1 POB), you’re going to need liquid POB, which will most likely mean purchasing POB on the open market.
Claiming VYB tokens will give POB'ers a Voice -- allowing them to vote for greater freedom from subjective downvotes on Proof of Brain
Existing POB holders will be able to directly exchange their POB for VYB (see below for details) and, as they do so, they will be creating and strengthening an anti-subjective-DV fund (@vyb.pob) that will  provide compensatory upvotes (and/or tips) to Proof of Brain posts/accountholders receiving subjective downvotes and  fund one of the Proof of Brain tribe-improvement accounts (@pob-fund), via 50% of its curation rewards.
As such, VYB and Verify Your Brain, in addition to operating as a DV-free zone, will provide a market-based mechanism wherein members of the Proof of Brain tribe can directly ‘vote’ on how much anti-subjective-downvote power they want operating within the Proof of Brain tribe (by funding @vyb.pob, which can be done by directly exchanging POB for VYB, as detailed near the end of this current post).
Verify Your Brain -- New-and-Improved Community Curation
Within the Verify Your Brain tribe, we will be launching a community-driven curation project, which will be organized and managed by @calumam. A team of curators will be tasked with curating all manners of content with varying levels of quality (on Proof of Brain and Verify Your Brain). In addition to earning curation rewards based on their own staked POB and VYB, community curators will receive additional compensation, either through delegated POB or delegated VYB or via a share of the curation rewards generated by @vyb.pob and @vyb.vyb. Details will be included in a future announcement post.
Verify Your Brain -- POB & VYB: Two Tokens to Rule them All!
In March 2021 (in this post) @trostparadox described, under the heading Two Tokens to Rule them All, a two-token 'proof of brain' rewards system, wherein one token is exchangeable and one is not. Although the relationship between POB and VYB is distinctly different from the two-token system described in that post, there are some inherent (and intended) similarities.
Verify Your Brain is being configued in such a way that VYB will mimic the non-exchangeable token described by @trostparadox in the aforementioned post. Although VYB will be exchangeable, just like any other Hive-Engine token, the Verify Your Brain Community Curation Project (mentioned above) will intentionally discourage authors from unstaking or selling any of the VYB they earn.
Authors submitting posts via Proof of Brain will earn rewards in both POB and VYB (although not in equal amounts). They will receive their POB rewards unstaked and they will be free to immediately stake them, delegate them, or sell them (much like the 'exchangeable' token in @trostparadox's originally-envisioned two-token system).
However, they will receive their VYB rewards fully staked. This means that authors must 'unstake' their VYB rewards before being able to sell or transfer them; and unstaking will cause their account to be temporarily blacklisted from the Verify Your Brain Community Curation Project, which will likely cause them to lose out on some would-be future VYB author rewards. (Exceptions will be made for authors who wish to unstake and transfer their VYB to one of their own 'alt accounts'.)
As such, if authors want to continue earning VYB, it will be in their best interest to hodl and stack VYB (rather than unstake it or sell it).
The net effect, then, is that POB will continue to function as the fully exchangeable token it has always been, whereas VYB will effectively function (at least for active authors) as a non-exchangeable token.
Verify Your Brain -- HODL VYB, for Your Retirement ...
As mentioned above, active authors will be potentially forfeiting future VYB rewards if they unstake the VYB they earn. Our intention here is to clearly establish VYB as a HODLers token, a token that you will want to keep until you reach retirement age. When you are ready to retire, then would be a great time to unstake your VYB and enjoy the fruits of your labor.
This is, of course, merely lighthearted opinion and conjecture, and not financial advice.
We will also be actively working, over the coming months, to make VYB attractive to general investors, and to increase the available use cases for both POB and VYB -- the two tokens designed to rule them all.
How will Verify Your Brain and Proof of Brain work together?
In the coming weeks, the Proof of Brain tribe will be upgrading its front-end (proofofbrain.io) to Outpost (examples of the Outpost front-end can be found here). The planned upgrade was recently announced by @proofofbrainio in this post. The Verify Your Brain tribe will also utilize Outpost as its front-end (which will be accessible at vybrainium.com).
The two front-ends will be 'tied' to each other via a pair of toggle hyperlinks in the upper lefthand corner of the browser window (i.e. clicking the Proof of Brain logo will take you to proofofbrain.io; clicking the Verify Your Brain logo will take you to vybrainium.com). For example, if you are browsing a post in Proof of Brain and want to view its pending VYB rewards instead of its pending POB rewards, you can click the Verify Your Brain logo at the upper left and you will immediately be taken to that post on the vybrainium.com server rather than the proofofbrain.io server (and vice versa).
In the future, we plan to modify the respective instantiations of Outpost so that you can view both POB and VYB rewards from both front-ends. We also hope to make it so that you can view your respective vote value for both tokens from both front-ends, and possibly even apply two different vote percentages simultaneously.
One or more Verify Your Brain channels will be added to the Proof of Brain discord server, for discussions that are specifically related to Verify Your Brain (including the appeals process regarding tribe-wide VYB mutes). Generic discussions that relate equally to both tribes, and discussions that are specific to the Proof of Brain tribe, will continue utilizing the existing Proof of Brain discord channels.
How will Verify Your Brain and Proof of Brain be different from each other?
Verify Your Brain will function as a downvote-free and self-vote-free zone
As mentioned previously, the main difference between the two universes is that Verify Your Brain will function as a completely downvote-free (and self-vote-free) zone. This means that 100% of the enforcement of Verify Your Brain community standards will be handled via the tribe-wide ‘mute’ function rather than via downvotes. With that said, the VYB anti-plagiarism / anti-abuse process will be effectively the same as the current POB process, which is being expertly led by @scholaris.pob. The only difference will be that the anti-plagiarism / anti-abuse team will be granted mute authority over the VYB token (mute authority can be granted by the issuing account, @vyb.vyb), such that rather than issuing downvotes whenever they encounter plagiarism (or other forms of abuse), they will be able to issue mutes or warnings regarding potential mutes (with respect to the VYB token).
Violation of community standards, such as posting plagiarized content or consistently self-voting, will result in a tribe-wide mute, which will remove the potential for that account to earn future VYB, both as an author and as a curator. The responsibility for tribe-wide muting will be placed in the hands of an anti-plagiarism / anti-abuse team, to be led by @scholaris. Warnings for borderline violations and an appeals process will also be implemented.
This does not mean that Hive users cannot cast downvotes against Verify Your Brain posts. Rather, it means that any downvotes cast against Verify Your Brain posts will in no way affect VYB author or curator rewards. Downvotes to those posts can still affect HIVE/HP/HBD rewards as well as rewards associated with other Layer 2 tokens.
What this means is that, if your supporters want to ensure that their upvotes are fully insulated from downvotes, then they should exclusively power-up VYB, at least for the account they use to upvote Verify Your Brain posts. The exception to this would be that, depending upon the extent to which POB'ers 'vote' to fund the @vyb.pob account (as described elsewhere herein), the Proof of Brain tribe could also function as a zone either free of subjective DVs or partially insulated from the effects of subjective DVs.
Verify Your Brain will launch with very specific community standards that will be explicitly defined up front ...
Another primary difference will center around the development and enforcement of community standards. The Proof of Brain tribe was launched as a bold, brave experiment, with a single community standard: "Have a brain." As such, the tribe was immediately recognized as widely inclusive and thus garnered considerable interest across the entire Hive ecosystem -- and rightly so.
However, there eventually arose some disagreements, especially with regard to the issue of subjective downvotes. Some members of the tribe were vocal about the need to maintain the same approach to downvotes that exists on Layer 1 (i.e. with respect to HIVE/HP/HBD tokens and the way in which curators' upvotes can be nullified by other curators' downvotes). Other tribe members were equally vocal about the need to limit potential abuse that can occur as a result of subjective downvoting.
To help members of the broader Hive community decide whether the Verify Your Brain tribe deserves their time and attention, a very specific set of community standards will be published prior to the commencement of the VYB rewards pool (i.e. disbursement of author and curator rewards, which will begin to be distributed on or around 12/18/2021). The need to be transparent and forthwith with respect to community standards is accentuated by the fact that abuse within the tribe will be exclusively enforced via the tribe-wide mute function (or the threat thereof).
When an individual receives a 'mute', that account is explicitly excluded from receiving both author rewards and curator rewards for the tribe's token (VYB), for as long as the mute remains in effect (a mute can be added or removed at any time, by the issuing account or any account granted such authority by the issuing account). As such, a tribe-wide mute is not something that should be applied haphazardly or nonchalantly or whimsically -- hence the need for very clear community standards in that regard.
The community standards for Verify Your Brain are under development and will be formally announced before the VYB rewards pool begins to be distributed. The initial creation of the community standards will not follow a 'democratic' process, nor will it follow a Delegated Proof of Stake (DPoS) process. However, it will be done after extensive community input, with an effort to create an operating environment that will be broadly appealing, especially to members of the Hive community who embrace the concept of freedom from subjective downvotes.
With that said, please provide comments to this post detailing the various community standards you would like to see enforced within the Verify Your Brain tribe (especially with respect to the use of the tribe-wide mute function). All suggestions will be considered, then a follow-up post will be issued, within the next couple weeks or so, clearly identifying up-front the community standards that will govern use of the tribe-wide mute function. The intention here is that the community standards might be updated sometime in the future, but once the initial standards are set, they will only be changed whenever there is significant tribe support for a given change or some set of extreme circumstances necessitate a change.
Important facts about VYB and Verify Your Brain
Total Initial Supply of VYB
A total of 2,042,042 VYB will have been issued prior to the start of VYB inflation (as detailed below). The start of VYB inflation will be delayed until the total POB issued also equals 2,042,042 (which should occur on or around Saturday, December 18, 2021). From that point forward, VYB will follow the same inflation curve as POB (which is exactly the same as bitcoin (BTC), except delayed by 12 years and 2 months).
1,000,000 VYB will be airdropped to accountholders who  have earned POB by creating original content and  have chosen to hodl that POB rather than sell it or otherwise dispose of it. In particular, the 1,000,000 VYB will be airdropped proportional to:
- the amount of POB each accountholder earned via original-content creation (posts and comments) (with a 90% penalty applied to self-voted posts and a 500% penalty applied to self-voted comments) and
- the amount of the aforementioned earned-POB still owned and staked (and being at least 100 POB),
- as of 11/12/2021,
- but with no single accountholder exceeding 2.5%.
1,000,000 VYB will be claimable via a direct exchange with POB as follows:
- First 150,000 VYB, exchangeable for POB at the rate of 4 VYB for every 1 POB
- Next 99,999 VYB, exchangeable for POB at the rate of 3 VYB for every 1 POB
- Next 100,000 VYB, exchangeable for POB at the rate of 2 VYB for every 1 POB
- Next 300,001 VYB, exchangeable for POB at the rate of 1 VYB for every 1 POB
- Next 50,000 VYB, exchangeable for POB at the rate of 1 VYB for every 2 POB
- Next 50,000 VYB, exchangeable for POB at the rate of 1 VYB for every 3 POB
- Next 50,000 VYB, exchangeable for POB at the rate of 1 VYB for every 5 POB
- Next 50,000 VYB, exchangeable for POB at the rate of 1 VYB for every 8 POB
- Next 50,000 VYB, exchangeable for POB at the rate of 1 VYB for every 12 POB
- Next 50,000 VYB, exchangeable for POB at the rate of 1 VYB for every 17 POB
- Next 50,000 VYB, exchangeable for POB at the rate of 1 VYB for every 23 POB
Until all 1,000,000 of the ‘claimable’ VYB have been claimed, portions may be delegated to members of the Verify Your Brain tribe, to compensate them for various tribe-related tasks. In addition, at some point in the not-so-distant future, some or all the remaining ‘unclaimed’ VYB may be used to fund a liquidity pool (probably a VYB : POB pool).
Any POB received via the above direct-exchange will be transferred to @vyb.pob and held for a minimum of 1 year (as staked POB, with the exception that up to 50% may be used to fund a liquidity pool). In other words, using POB to claim VYB will guarantee that at least 50% of those POB tokens will be effectively out of circulation for at least one year (most likely, much longer).
The first 50,000 POB received will be delegated to @scholaris.pob as ongoing compensation to support anti-plagiarism / anti-abuse efforts for Proof of Brain and Verify Your Brain. Scholaris.pob will further distribute the delegation as applicable to at least 4 additional accountholders for assistance in these efforts. Delegations will only remain in affect while directly supporting said anti-abuse efforts.
Additional POB may be delegated to other members of the Proof of Brain tribe, to compensate them for additional tribe-improvement tasks.
The remaining POB received will be used to provide compensatory upvotes to Proof of Brain posts receiving subjective downvotes and to support the aforementioned community-driven curation project.
Early-Earnings of VYB via the Proof of Blind Project (and other contests)
42,042 VYB will be set aside (via @vyb.earn) as a 'prize pool' for future contests and the like. For starters, VYB from the prize pool will be immediately available as a reward for exceptionally well-written original-content submitted via the Proof of Blind project. You can read about the genesis of Proof of Blind in this summary post.
Details about how to submit original-content to the Proof of Blind project are provided at the bottom of this current post.
There's just one catch! To maximize your early-earned VYB via Proof of Blind, your posts must ditch that fifth glyph!
Huh? What doth that imply, thou may ask? That fifth glyph (known to many as that ubiquitous "
e ") must not find its way into your original sophistry, that is if you want to find a maximal pot of gold (VYB) at that far culmination of your Proof of Blind rainbow.
Vybrainium (VYB) Rewards Pool
90% of VYB inflation will be issued to Proof of Brain / Verify Your Brain content creators and curators (based on stake-weighted voting with the VYB token) on posts that use any of the following tags:
- hive-150329 (i.e. posting from the official Proof of Brain front-end)
For folks who expressly do not want to receive VYB rewards for their posts, they can use the tags 'novyb' or 'no-vyb'; however, this exclusionary functionality of the 'novyb' and 'no-vyb' tags will not be active until that functionality is added to the rewards-pool smart contract, which should occur early January 2022.
In addition, during the initial testing phase for VYB and its associated rewards-pool smart contract (expected to last through early January 2022), the rewards pool will operate at a reduced rate (1/3 the full rate for the first several days, then 2/3 the full rate for a couple weeks thereafter), and the rewards pool will be exclusive to posts that use the 'vyb' or 'verifyyourbrain' tags (or are made directly from the www.vybrainium.com front-end).
Vybrainium Miners (VYBM)
10% of all future VYB inflation will go to holders of VYBM (vybrainium miner tokens). This is somewhat analogous to the POB ‘tax’ that is currently applied to all author rewards within the Proof of Brain tribe. However, this VYB ‘tax’ applies both to author and curator rewards (unlike the POB tax that applies only to author rewards) and it does not depend on which front-end is used (the POB tax is currently 10% of ALL author rewards for ALL tokens, even HIVE and HBD, when the proofofbrain.io front-end is used, and 20% of all POB author rewards when any other front-end is used).
Max supply of VYBM is capped at 10, meaning each VYBM is tied to 1% of the future remaining inflation of VYB.
- 1 VYBM will be issued to the founder of Proof of Brain (to whatever account @proofofbrainio designates).
- 1 VYBM will be issued to the founder of Verify Your Brain (to whatever account @vyb.vyb designates).
- 8 VYBM will be issued to @vybm. No definitive use-cases for these VYBM have been determined at this time (the same goes for the VYB that will be accumulated by @vybm) . However, one potential use-case would be to compensate future witnesses, e.g. in the event VYB and POB need to be migrated to a stand-alone blockchain.
Why VYB will likely boost the market value of POB
First, it goes without saying that this is not financial advice. The reason for this commentary is to make it very clear that VYB is designed to complement and bolster POB, and to explain at least one mechanism supporting that intention.
The intial market price for VYB is being set at 0.25 POB, by virtue of the aforementioned VYB claim procedure. As such, the initial valuation for VYB will start out significantly less than the current market value of POB. Furthermore, the cumulative ratio of VYB to POB will not exceed 1.0 unless and until over 750,000 VYB have been claimed. However, in the process of those 750,000 VYB being claimed, over 750,000 POB will have been taken off the market. In other words, the only path by which VYB can be valued higher than POB will occur only after 750,000 POB (37.5% of the current supply) have been taken off the market for at least one full year. The exception to this being that up to 50% of the POB received may be used to fund a liquidity pool.
As such, if VYB ends up being successful, that will end up making POB more scarce, and thus more valuable.
In essence, VYB provides an avenue for POB earners to ‘spend’ their POB tokens without selling them on the open market (i.e. via the direct exchange with VYB) and requires newcomers to the Proof of Brain / Verify Your Brain ecosystem to purchase POB on the open market if they want to be early investors in VYB.
Voting for Downvote Freedom
You can think of this direct-exchange market mechanism as a way for the POB community to collectively decide the extent to which they want to eliminate or reduce the impact of subjective DVs within their tribe. By exchanging their POB for VYB, POB'ers' will be casting votes in favor of Proof of Brain being a place free of subjective DVs.
In the unlikely event that 50% of the circulating supply of POB were directly exchanged for VYB, then the Proof of Brain tribe would essentially become free from subjective DVs. This hypothetical scenario demonstrates the manner in which the POB-for-VYB exchange mechanism represents a truly market-based approach for determining the extent to which the community desires that the Proof of Brain tribe be free from subjective downvotes.
This can be viewed as an inversion of the 'code is law' mantra. Those who invoke the phrase "code is law" do so with the understanding that there are no 'laws' per se governing the Hive blockchain, other than whatever the code does, which is based solely on the way it is currently instantiated. And, just as societies can change their laws from time to time, the Hive witnesses can, at any time, change the code (i.e. the collection of 'laws') that governs the Hive blockchain. However, it takes overwhelming concensus (17 of the top 20 witnesses) to make such a change (as it should).
We cite "Voting for Downvote Freedom" as an inversion to the 'code is law' principle not because it is actually an inversion of that principle, but rather because it represents an inversion of the way opponents to that principle typically view it. Opponents to the 'code is law' mantra find it unappealing that a single whale account can wreak havoc on another accountholder just because the code allows it.
However, 'code is law' also means that individuals can join together and collectively put that code to use in defiance of singularly-strong 'whale' accounts. With the creation of this POB-for-VYB exchange mechanism, we are doing just that -- we are creating a code-sanctioned, market-based mechanism wherein those individuals within the POB tribe who wish to strengthen protections against subjective downvoting within the tribe can 'vote with their sneakers' toward that end.
How to Claim VYB (i.e. exchange POB for VYB) ...
Eleven different Hive accounts have been created, each of which currently holds the amount of VYB shown in parentheses. Those accounts are:
- @x-1pob-4vyb (150,000)
- @x-1pob-3vyb (99,999)
- @x-1pob-2vyb (100,000)
- @x-1pob-1vyb (300,001)
- @x-2pob-1vyb (50,000)
- @x-3pob-1vyb (50,000)
- @x-5pob-1vyb (50,000)
- @x-8pob-1vyb (50,000)
- @x-12pob-1vyb (50,000)
- @x-17pob-1vyb (50,000)
- @x-23pob-1vyb (50,000)
In order to claim VYB from one of those accounts, send at least 100 POB to that account. If there is enough VYB remaining in that account to fully complete the transaction, then the appropriate amount of VYB will be sent back to the originating account. If there is not enough VYB remaining in that account to fully complete the transaction, then the POB will be returned to the originating account, unless the word "market" appears in the memo, in which case the claim will be fulfilled at the lowest available direct-exchange rate(s) (see below for details).
VERY IMPORTANT Info about the VYB Claim Process ...
- We intend to automate this process. Once the automated process is operational, this post will be edited to reflect that fact.
- In the meantime, VYB can be claimed via this procedure, but the transactions will be processed manually (usually within 24 hours), on a first-in first-out basis, subject to a minimum amount of 100 POB per transaction (transactions containing less than 100 POB will be ignored until the automated process is operational, after which the POB from those transactions will be returned). As such, do not send less than 100 POB until after the automated process is announced as being fully operational. You will not receive any VYB from transactions containing less than 100 POB. You will merely receive your original POB back.
- If you want your POB applied to the successive direct-exchange rates, then include the word "market" in the memo field of the transaction.
- For example, if you send 10,000 POB to @x-1pob-4vyb but all the 4:1 VYB:POB and all the 3:1 VYB:POB have already been claimed by prior transactions, then you will receive 20,000 VYB (from @x-1pob-2vyb) if and only if you included the word "market" in the memo field of the transaction. If you did not include the word "market" in the memo field, you will receive your original 10,000 POB back (i.e. you will not receive any VYB).
[UPDATE 12-05-2021: The minimum transaction amount was previously 250 POB. It has been reduced to 100 POB.]
Information about the Founding and Management of Verify Your Brain and VYB
Verify Your Brain and its accompanying tokens (VYB & VYBM) are the brainchildren of @trostparadox. However, prior to initial launch, extensive feedback and planning assistance has been received from @scholaris and @calumam and they will play a significant role in the ongoing management of the tribe and token.
Permission has been sought and received from @proofofbrainio regarding the planned integration of Verify Your Brain channels into the Proof of Brain discord server and the use of mutual hyperlinks between the respective Proof of Brain and Verify Your Brain front-end servers (i.e. proofofbrain.io and vybrainium.com).
How to Submit Original Content to the Proof of Blind Project ...
As mentioned above, you will be able to earn VYB tokens before the rewards pool distribution begins, by participating in one or more of our 'earn VYB' contests (follow @vyb.earn for more details).
One such contest will reward submissions posted via Proof of Blind. However, if you want your Proof of Blind submission to qualify for the maximum-possible early-earn VYB rewards from @vyb.earn, remember to ditch that fifth glyph (if you don't know what that means, follow @vyb.earn for an upcoming post about just that).
Before you submit original content to Proof of Blind, we suggest you check out the Proof of Blind FAQ post here.
Clicking the "SUBMIT" button below will take you to the Proof of Blind online submission form.
Notes about Copyrights, Shared Snippets, etc.
The passion shown by concerned Hivers in response to @dreemsteem's post, and the close relevance to our project, compelled us to share what those other Hive community members have been thinking and discussing, with respect to the need for something like the VYB/vybrainium project we are enthusiastically announcing herein.