Scot Bot is the best modern tech to tokenize a community, but it is a centralized system. Scot Bot is the system that distributes tokens from a reward pool to content creators and curators with parameters set by the token creator. Many of these settings can be changed as needed, which can be helpful in situations, but the goal of POB is to be stable with the same controlled supply of Bitcoin. These settings should be set in stone to help eliminate trust that the system will not be changed.
Hive-Engine offers a decentralized version of Scot Bot so you can offer the same reward pool with the same Proof of Brain style rewards on smart contracts. These smart contracts are hosted by the Hive-Engine witnesses which gives Hive-Engine tokens a way to be decentralized.
POB would already have made the move to the decentralized smart contracts if it was possible, but currently the smart contracts are not able to do everything that Scot Bot can do. POB has a reward halving every four years like Bitcoin and the current smart contracts could not handle that.
After talking to @aggroed and @eonwarped it sounds like it shouldn't be much work to upgrade the smart contracts to have the capabilities that POB needs. However there will need to be some time to review for the new system for any problems before going live.
A problem with moving to the smart contracts is that all of the old posts will probably not show up on the new pob, so it will be a bit like starting fresh as far as content. I think it's worth it though to have a more resiliant decentralized system for POB.
For those that might be hearing of POB for the first time, POB is a simple 100% Proof of Brain token that mimics the same controlled supply of Bitcoin. Another way to say it is that POB has the tokenomics of Bitcoin but uses same Proof of Brain reward system as Hive.
Let us know what you think about POB moving to smart contracts in the comments.
Posted using Proof of Brain