Difference between revisions of "Economics"

Revision as of 17:16, 10 March 2018

BiblePay Economics:

Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy)
10% is given to Charity (IE compassion.com) through the sanctuary voted budget
5% is given to IT (through sanctuary voted IT expenses, such as IT payroll, letter writing, PR etc)
2.5% is given to PR, 2.5% to Peer-To-Peer features (such as Gospel Link sharing).
3% is given to Proof-Of-Biblehash (heat POW) miners
38.5% is given to the longest waiting Sanctuary
38.5% is given to the Proof-Of-Distributed Computing (Cancer Research budget)

The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.

@@ Line 7: / Line 7: @@
 <li>5% is given to IT (through sanctuary voted IT expenses, such as IT payroll, letter writing, PR etc)
 <li>2.5% is given to PR, 2.5% to Peer-To-Peer features (such as Gospel Link sharing).
+<li>3% is given to Proof-Of-Biblehash (heat POW) miners
-<li>Out of the 80% remaining, this amount is split between a chosen sanctuary, who provides POSE (proof of service) that has waited longest to get paid, and the miner who found the block.
+<li>38.5% is given to the longest waiting Sanctuary
+<li>38.5% is given to the Proof-Of-Distributed Computing (Cancer Research budget)
 </ul>