I never thought I would see this happen again, but #POB has been trading at over 0.01 HIVE for the last several days.
The #proofofbrain tribe was one of the strongest tribes on #hive-engine. I really became despondent when the tribe lost its footing a few years back.
To encourage this current uptrend, I decided to do a #POB burn. I did several POB burns last year as the coin was crashing. It looks like I burned 778 POB. I have 115 tokens in my account that I will burn during its current spike. HE says the burn is worth $0.29.
That is kind of pathetic.
The @buynburn account uses its HBD and HIVE rewards to burn #hive-engine coins. My earnings determine the size of the burns. Hive Stats shows that I've earned 36.58 HIVE so far.
The more I earn, the more I can burn.
I've been able to buy and burn a large number of coins with my scant income. In the future I will write a program to link to all the burns. I will burn the 115 POB after I publish this post.
I want to burn more ... which is why I just wrote this post.
Hive Engine says that POB has a supply of 10,437,306 tokens that trade at $0.00254 making a market cap of $26,510. The token price is rising on a $6.00 a day volume.
The POB Rich List shows that POB is one of the best distributed coins. Sadly, it appears that a large number of accounts liquidated their POB during the market slump. It will be interesting to see how long the price stays over 0.01 HIVE.
Personally, I think VYB is a better buy at the moment than POB.
The Burn Image
I generated an image on Night Cafe of an elk riding out a forest fire by standing in a river. This is my collection of burn images. A forest service worker took a famous image of such a scene a few years back. As he was working for the government, the picture entered public domain. The image is a famous #MEME .