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>Block Breakdown:
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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>10% is given to Charity (IE compassion.com) through the sanctuary voted budget
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* 85% is rewarded to our Sanctuaries for Services and block security
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<li>5% is given to IT (through sanctuary voted IT expenses, such as IT payroll, letter writing, PR etc)
 
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<li>2.5% is given to PR, 2.5% to Peer-To-Peer features (such as Gospel Link sharing).
 
  
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<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.
 
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</ul>
 
  
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<ul>Deflation:
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== Gross breakdown of Governance Budget: ==
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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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<li>
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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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</ul>
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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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[http://wiki.biblepay.org/Emission_Schedule BiblePay Emission Schedule]
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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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See [[Emission Schedule|BiblePay Emission Schedule]] for more details.
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[[Category:BiblePay Economics]]

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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