Thanks for the post @lordbutterfly, this post was submitted into the HoboDAO contest #6 by @hobo.fund.

I would like to defend the Hobo token (ticker symbol: HBO) on SE, which is quite a bit different from most SE tokens and is not used in bot upvote services.

The Hobo Token Supports Quality Content

The Hobo token is not used to automatically upvote users of its token for spending tokens. The Hobo token is used for submitting content for entry into a HoboDAO contest. Only five (5) submissions will receive rewards, while all other submissions to the contest do not receive anything.

The five (5) winning submissions are chosen by a group of people we call Casters, which review the articles and score each post.

The Hobo token has a use

Proof of Brain is an interesting concept but I would say that people are sometimes overvaluing this distribution system. It is beneficial some of the time, and other times it is a bad idea. An inflationary token still needs to have a real use case other than to just mint more on the basis of public opinion.

The rise of indie authorship is wonderful, but it also brings about volume beyond what readers can handle. It can be good to have some bottlenecks in place. Steem's bottleneck setup is POB via stake-weighted voting, which has some flaws to it. One key flaw is that this means wealth begets authoritative opinion on Steem, the HoboDAO aims to adjust this for fairness.

I don't wish to take up too much space in this comment, so if you would like to learn more please feel free to check out the @hobo.media blog to see for yourself.