100% Utilitarian Crypto: Exploring the Potential of PoPs, PoSubs and PoBs

In the ever-evolving landscape of crypto currencies, new concepts and ideas continue to emerge, pushing the boundaries of utility and functionality.

One such concept gaining traction is the innovative combination of PoSubs and PoBs, which could potentially revolutionize how we use blockchain technology and perceive crypto assets.

PoSub, short for "Proof of Subscription," is a unique concept that aims to provide non-speculative transaction records similar to Proof of Purchase (PoP) tokens. Unlike PoPs, however, PoSubs cannot be traded or become speculative assets. Instead, they serve as 100% utilitarian records, requiring specific actions by holders to unlock various use-case scenarios.

The primary purpose of PoPs, PoBs, and PoSubs is to redefine how we interact with blockchain technology.

Rather than buying and speculating on the future value of a coin, or storing assets as keys to unlock services like DeFi, subscriptions, or special privileges, PoSubs introduce the concept of burn transactions.

By purchasing and burning a PoB (Proof of Burn) token or non-fungible token (NFT), users can generate PoSubs, which act as transaction records on their ledger, thereby unlocking specific functionalities.

Examples of PoBs and PoSubs

To illustrate this, let's consider a scenario where you want to subscribe to a service for one year. By burning a PoB token, the service is initiated based on the burn timestamp. When the year concludes, you would need to repeat the process by purchasing and burning another PoB to extend your subscription for an additional year. Your PoSub is then recorded as that time stamp. While not a token persay, it is however a useful part of ledger record.

While the concept of PoSubs is novel, the utilization of PoBs is not entirely new within the industry. PoBs, or Proof of Burn tokens, are purchased and subsequently burned to create immutable records. These records, in turn, unlock or create value for the user in the form of PoSubs, which are essentially recorded transactions.

It is worth noting that PoBs can serve multiple purposes beyond PoSubs. For instance, they can be viewed as both Fund Raising Tokens (FRTs) and PoSubs simultaneously. FRTs are tokens used by startup projects to raise funds for blockchain-based ideas and concepts. By purchasing and burning FRTs, users can generate PoSubs, similar to the process with PoBs.

The significance of PoBs lies in their potential to enable the industry to regain control over speculation within the crypto space. By emphasizing the actual utility and functionality of crypto currencies, PoBs can help shift the focus away from speculative assets. This emphasis on crypto utility reform (CUR) becomes increasingly important in light of past disasters, reputation-damaging scams, and the dominance of speculative assets like PePe.

The act of burning assets through PoBs serves to increase their rarity and intrinsic value. By creating non-speculative assets with fixed prices, such as Ethereum or other currencies used to mint PoBs or PoPs, their value remains stable and non-speculative. This stability presents an opportunity for investors and users to unlock the value of their tokens for additional benefits, potentially including the acquisition of supremely rare NFTs for speculative sales outside of the original project.

In the realm of creative acronyms, it is worth mentioning the Society of Creative Acronyms (SCA). Perhaps they will mint a PoB FRT for an SCA PoSub in the future, adding yet another intriguing layer to the evolving crypto landscape.

All NFT Jokes aside....

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