Difference between revisions of "Economics"

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BiblePay Economics:
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== BiblePay Economics: ==
  
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== Gross Block Breakdown: ==
  
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<ul><b>Gross Block Breakdown:</b>
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* Block Emission Level: Starting at 20,000 BBP at inception and decreasing by 19.5% per year.
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<li>Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy)
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* 15% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT)
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<li>20% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT, 2.5% P2P, 2.5% PR)
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* 85% is rewarded to our Sanctuaries for Services and block security
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<li>37.5% is escrowed for Proof-of-distributed Computing (our Cancer Mining Research Budget - emitted in one daily superblock)
 
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<li>38.5% is given to the next due Sanctuary
 
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<li>4% is rewarded to the heat miner (Proof-of-BibleHash POW mining)
 
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</ul>
 
  
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<p>
 
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<br>
 
  
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<ul><b>How to calculate a BiblePay reward schedule:</b>
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== Gross breakdown of Governance Budget: ==
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<li>Block 70,000 has a gross reward of 11,645 (POW=499+Sanc 4492= subtotal of 4991 / .30 = 16636 - (4492 - 499) = 11645 for gross coinbase emission)
 
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<li>Multiply 11645 * .20 to find the governance budget (2329)
 
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<li>Multiply 11645 * .375 to find the PODC budget (4308)
 
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<li>Multiply 11645 * .385 to find the Sanctuary payment (4492)
 
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<li>Multiply 11645 * .042 to find the POW heat miner payment (499)
 
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<li>Total : 100%
 
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</ul>
 
  
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* Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 66%
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* IT Expenses and Payroll: 33%
  
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<br>
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== Gross breakdown of Sanctuary Service reward: ==
  
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* 99% is given for POVS (Proof of video storage)
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* 1% is given to the sanctuary for Block Security (POW mining)
  
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== Deflation: ==
  
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<ul><b>Gross breakdown of Governance Budget:</b>
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The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
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<li>Charity and Recurring Orphanage expenses (compassion.com, BLOOM, Cameroon One, Kairos, etc): 50%
 
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<li>IT Expenses and Payroll: 25%
 
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<li>PR and Campaigns: 12.5%
 
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<li>Peer-to-Peer (Letter writing, gospel links, pay to preach): 12.5%
 
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</ul>
 
  
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<br>
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See [[Emission Schedule|BiblePay Emission Schedule]] for more details.
  
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[[Category:BiblePay Economics]]
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<ul><b>Gross breakdown of mining operations (Allocation of 60% of Gross Coinbase Reward):</b>
 
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<li>46.5% is given to PODC cancer miners</li>
 
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<li>48.5% is given to the Sanctuary</li>
 
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<li>5% is given to POW heat miners</li>
 
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<br>
 
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<ul>Deflation:
 
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<li>The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
 
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</ul>
 
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[http://wiki.biblepay.org/Emission_Schedule BiblePay Emission Schedule]
 

Latest revision as of 14:52, 27 November 2022

BiblePay Economics:

Gross Block Breakdown:

  • Block Emission Level: Starting at 20,000 BBP at inception and decreasing by 19.5% per year.
  • 15% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT)
  • 85% is rewarded to our Sanctuaries for Services and block security


Gross breakdown of Governance Budget:

  • Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 66%
  • IT Expenses and Payroll: 33%

Gross breakdown of Sanctuary Service reward:

  • 99% is given for POVS (Proof of video storage)
  • 1% is given to the sanctuary for Block Security (POW mining)

Deflation:

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

See BiblePay Emission Schedule for more details.

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