As I've been working on the OCD Community Incubation I also wanted to include how we're going to move forward with #posh but in the end I think that post is long enough on it's own to also include the idea about a posh token and asking for discussions and input from the community about it. After all posh is something that is helping the platforms and us all in general so I wanted to open it up for further improvements and thoughts from the community.
The idea basically comes from a few things that are lacking and have been lacking in the past. One of them is engagement which we all know got a hit with the new curve and tax penalty of the EIP hardfork. Even though users still curate comments most of them know that they will end up losing out rewards on it and most comments never make it close to where the tax penalty ends.
@abh12345 created the engage token and has found many great ways to get it active and distribute it wide to engaging accounts. We at @ocd also help a little at one point by buying up some tokens so they'd keep some value as the only buy pressure came from wanting to own 1000 of them so you could distribute more yourself. Then the hardfork came and other personal issues arose which lead to us stopping to put buy pressure on it but that's not a main concern or the point of this post. Engage is great cause it can be overviewed and users can be removed from issuing tokens if there is abuse ongoing, this is also what inspired me to want to create another token for the proof of sharing initiative.
The reason I brought up the engage token is that combining the two in one or more ways would give them both more power in a way. Before I start talking more about that let's get to the base idea of the #posh token and what it would do.
As you know Twitter is right now the main place where we are sharing our hive.blog and peakd links hoping it will bring some new traffic to them. We always had plans to take in more platforms but Twitter has been the easiest and I'd say most effective one to start off with due to the big crypto presence on there and lack of shadowbans/censorship directed at crypto.
Something I still want to mention is that while we've taken a break from actively curating #posh shared content it's been amazing to see authors make it a habit to share their links anyway and the activity speaks for itself after 1 month of no direct curation or curation in the OCD community:
The Posh token would start off as a centralized point system at first awaiting SMT's.
A bot would check likes, retweets, engagement (comments) on twitter of each account and distribute tokens based off of the performance of the tweet after x hours. This would allow for older posts to be shared as well if they're ever relevant so as long as the posh tokens hold some value it would at the same time give older posts some sort of evergreen rewards - but only for the account sharing them. This is often the author itself but at the same time it would make tweeting monetizable for anyone.
The bot would also check for engagement on the post itself and either hand out some posh tokens or we could use ENGAGE for this as OCD still has over 13k tokens that we bought up earlier and we would continue to buy them up in one way or another so the bot could give those out as well. This would get both tokens some buying pressure.
On top of that we could incentivize good reblogging as well with tokens to whitelisted rebloggers.
I know it already sounds kind of complex but connecting the two tokens could do a lot of good for both engagement and "marketing". Another side idea would be for the engagement authors get on Hive to get them extra Posh tokens if they have whitelisted certain users who comment on their posts by giving them engage tokens with the command. This would mean more people would want to have at least 1000 engage tokens so they'd start engaging more to get there to then be able to distribute them to users that engage on their posts and thus whitelist them so their comments would count towards also receiving Posh tokens for the engagement.
This may get easier to handle with the decentralized blacklists that @blocktrades was talking about in one of his recent posts but instead we'd have decentralized whitelists where the Posh token could follow certain users and who've they've distributed to before.
Anyway, as you can see there are a lot of gamification's that could be added to this token and the end game would be to raise engagement with some more incentives since curation of comments is penalized and continue the growth of sharing your links onto Twitter and other platforms.
Aside from donations or posting daily statistics of #posh and token distribution and raising funds to put buy pressure on the token that way we could also do a proposal for the DHF for it. Since there won't be a "premine" or allocating posh tokens to myself or anyone else early/unfairly it would mean that no one gets an edge with it except your performance in the twitter space or other platforms. Another idea would be to use a difficulty setting similar to bitcoin where more tokens are issued out depending on how many are sharing their posts each week which would give us who are here now an early adopter advantage and others who are yet to share posts or have a twitch account a reason to get one going so we can grow our presence more. The funds that would add buy pressure to the token would take the tokens and burn them to limit the supply. Future usecases for the posh token would have to be thought about later as right now we could mainly focus on distribution since buying them wouldn't even be possible if all it is for now is a point system that can't be traded anywhere.
A lot to unpack here, I was thinking of doing an infographic about all the ways it can be used and distributed but I believe my text is confusing enough. For those who managed to get their heads around it and read the whole post I'd really appreciate some thoughts on it, problems, better ideas, etc, and remember this would be a community token that the whole ecosystem gains something from so we welcome any changes and decisions you guys may think would be better for the idea.
