I got one PoT reward in March, and that's all. It's very hard to get PoT, you should be extremely lucky. This is the reason I don't understand why some people praise it so much. Yes, theoretically it's great, yes, it's a new feature (and I like innovations), and yes, you might catch this PoT... some day, somewhere, somehow... but in general for me personally it's almost non-existent and unimportant.
As of now I'd give more praise to PoS than to PoT because PoS can bring you a real profit while PoT is just a lottery with a small prize, and this prize will get lower and lower with block reward halving because PoS gives you 50% of the current PoW block reward. Let's say, If you could possibly win a $10 prize once a year would it really matter to you?
I'd like to see PoT given some kind of sliding scale so that every transaction can pay back a tiny amount (even if it's just barely a few satoshis or fluttaishis or whatever) or you can elect to notch it up to larger payouts that are more and more random. That way if you want to take chances for fun, sure go for it and set it to 2500 FLT at max odds, or set it to 1 FLT at guaranteed odds - in both cases the minimum Xfer to qualify should be appropriate as well, i.e. the 1 FLT payout requires 100 FLT transfer. I realize that PoT is basically a kind of one-transaction-at-a-time iterative mining process so the randomness of PoT rewards is derived from the natural randomness of mining a block. Given this, a PoT peer to peer reward pool might need to exist to take large PoT rewards and pool them into payout streams in order to make PoT 'feel' more like a reward system and less like a lottery for those who aren't really into the chance reward concept (which I suspect is most people).
I agree with this statement that the PoT system needs to change to make it actually useful. I understand the concern about bots creating wallets and sending transactions back and forth 24/7 to trigger the PoT if it were made easier, but couldn't having some kind of Captcha recognition built in to mitigate that scenario?
No - PoT is determined by the mined block, and also this would eliminate all transactions originated via merchants.
But likely it will be made easier after the rewards drop - but the reward for PoT will also drop in turn - and the minimum transaction value will stay particularly high so transaction fees will eat up any potential rewards via automated systems.
Also, PoT usefulness is more than the reward's its more about security.
Perhaps you need to think of decoupling the PoT from the mined block...allow for more frequent rewards based on transactions so that it can gain more support to actually be used as a currency. If PoT were made more attractive, there'd be no reason not to use FLT like a currency and spend/receive. There is no other coin offering this benefit, but the way it is designed right now is not very effective for gaining interest in using it as a currency. In it's current format, it's way over hyped since so few ppl even receive a PoT reward...
I get what you are saying and agree that PoT is in need of some kind of rethinking to make it more generalized so that it is attractive to users for spending.
But I don't think PoT can be decouple from mining because PoT *is* a form of mining. The reward comes from the same place (and is subject to the same randomizing factors) that mining rewards come from - the 'mining' of a block. And recall that mining's main purpose is to secure the blockchain by confirming transactions, the minting of coin (and distribution of it in the form of block rewards as compensation for the cost of transaction processing and keeping a costly full node running to bolster the network) is a secondary function.
PoT is basically mining, but driven by transactions. You can think of PoW as non-stop mining, while PoT is iterative, mining a tiny bit on every transaction.
PoT, like PoS, is first and foremost intended to decentralize the network away from dedicated mining by offloading the work of transaction confirmation processing from dedicated mining rigs and spreading it out to edge users and wallets. PoS staking interest, like PoT rewards, is a form of compensation for keeping a node open to support the network (PoS) and using the coin to drive the economy the network supports (PoT)
In that sense it goes even farther toward the goals of "ASIC resistance" and decentralization than any of these new PoW algos like Scrypt-N and X11, Jane, etc. Those algos merely put up passive barriers to slow the ASIC army's advance, whereas PoT and PoS actively starve it into submission.
I think the problem with PoT is the message - it is very confusing at first, and it can turn off a lot of people because the way it is presented sounds like it either won't work (and cannot be readily tested to prove it does), or even if it works it won't matter in any meaningful way. What does Butterfly Effect actually mean in real terms of benefits to users, or miners, or investors or even merchants?
A narrative focusing on very random and rare (and thus 'unbankable') PoT rewards is not going to get many people excited once they see how unlikely it is they will get one (especially as the rewards get miniscule with every block having).
But crypto people have a strong interest in making sure networks stay decentralized, just look at all the energy and effort and ink being used on ASIC resistance. It's a huge, huge topic for us. Which is great because decentralization is what PoT actually does well.
Explaining that PoT is another arrow in the decentralization quiver will be much better received than saying you might randomly get a small amount of free FLT, because enthusiasm for this quickly turns to a cynicism once the whole story comes out about how rare that free payout actually is. Or better yet, rethink the whole concept of PoT to make it much more spectacular than it already is. If, say (just spitballing here), all PoT rewards accrued to a secured escrow "network owned" wallet somewhere and that wallet built up a large pool that randomly paid out like an actual lotto jackpot, people would get very excited about that because they can relate to huge rewards that are extremely rare much more than small rewards that are kind of rare.
, already there 
I've been mining on the multipool and although it's not yet officially open i'm earning WAY more FLT per day than i was on the regular pools. This coin hasn't even begun to do what it's going to do! Can't wait, big things to come!